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• <br />s <br />• <br />Indian River County 1 Impact Fee Update Study <br />120% <br />10096 <br />80% <br />Li <br />n 60% <br />4036 <br />20% <br />096 <br />Figure IX -1 <br />Parks and Recreation Impact Fee — Affordable Growth Strategy <br />0.0096 1.00% 2.00% 3.0096 4.00% 5.00% 6.00% 7.0096 8.00% 9.00% 10.0096 <br />Annual Growth Rate <br />Table IX -10 presents discounted impact=fee schedule. <br />=ti Table IX -10 <br />Calculated Parki& Recreation ImpactFee Schedule,— Affordable Growth <br />Land Use <br />Residential <br />Impact ( <br />Unit ' <br />Affordable <br />Growth <br />Adoption <br />Rate(1) <br />Total <br />Impact <br />Fee(2) <br />Current <br />Adopted <br />Fee(3) <br />Percent <br />Change <br />Total Cost <br />- Maximum Impact Fee - <br />LOS Curve <br />- <br />IRC Annual - <br />Average Growih <br />$1,334.42 <br />0.0096 1.00% 2.00% 3.0096 4.00% 5.00% 6.00% 7.0096 8.00% 9.00% 10.0096 <br />Annual Growth Rate <br />Table IX -10 presents discounted impact=fee schedule. <br />=ti Table IX -10 <br />Calculated Parki& Recreation ImpactFee Schedule,— Affordable Growth <br />Land Use <br />Residential <br />Impact ( <br />Unit ' <br />Affordable <br />Growth <br />Adoption <br />Rate(1) <br />Total <br />Impact <br />Fee(2) <br />Current <br />Adopted <br />Fee(3) <br />Percent <br />Change <br />SinglesFamily (less than 1500.sf) ` <br />'du <br />92% <br />$1,646.66 <br />$1,334.42 <br />23.4% <br />Single Family (1,500 to 2,499-sf), <br />\du, <br />92% <br />$1,788.48 <br />$1,499.45 <br />19.3% <br />Single Family,(2,500sf orgreate`r) <br />du <br />92% <br />$1,993.33 <br />$1,626.45 <br />22.6% <br />Multi-Family/Accessory Unit <br />du <br />92% <br />$1,024.24 <br />$906.17 <br />13.0% <br />Mobile Home/RV Park(•tied_down) <br />du <br />92% <br />$1,024.24 <br />$965.68 <br />6.1% <br />(1) Calculated based on'ari average annual spending of $639,000 for the next 5 years and $24,000 per year <br />afterwards, and an average annual growth rate of 1.4% over the next 25 years <br />(2) Total impact fee from Table IX -9 (Item 5) multiplied by the affordable growth adoption rate (Item 1) <br />(3) Source Indian River County. Fees shown include a 2.5% administrative fee. <br />(4) Percent change from the current adopted rates (Item 3) to the calculated total impact fee rate (Item 2) <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />January 2014 99 Impact Fee Update Study <br />