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• <br />• <br />• <br />Indian River County 1 Impact Fee Update Study <br />I. Introduction <br />In response to high growth levels and the need to provide infrastructure to support this <br />growth, Indian River County (IRC) implemented a Transportation Impact Fee in 1986. In <br />2005, the County adopted impact fees in eight more program areas, including: <br />• Correctional Facilities <br />• Solid Waste Facilities <br />• Public Buildings <br />• Library Facilities <br />• Emergency Services <br />• Law Enforcement <br />• Educational Facilities <br />• Parks & Recreation Facilities <br />The technical studies for all program-areas;.were updated -in 2007; however, these technical <br />studies were not adopted. Of the nine program areas, only the transportation impact fee <br />was later updated substantially in 2009 byan internally.generated,County update using data <br />from the 2005 and'2007-studies, resulting=in a- fee; reduction for almost all the land uses. <br />The eight non -transportation program fees were:slightly modified in the 2009 update. Since <br />then, the County suspended the collection of five impact fee types to promote construction <br />during the` economic downturn,- and more recently extended suspension of correctional <br />facilities solid waste,and public buildings impact fees. Those three impact fee suspensions <br />are currently in effect. ' <br />Indian River\County has retained Tindale -Oliver & Associates, Inc. (TOA) to prepare an <br />update study to'reflect changes to the cost, credit, and demand components since 2005. It <br />should be noted that figures calculated in this study represent the technically defensible <br />level of impact fees that - the County could charge; however, the Board of County <br />Commissioners may choose to discount the fees as a policy decision. In addition, the study <br />includes "affordable growth" calculations, which take into account the existing <br />development's ability to absorb new growth and calculates the level of possible policy <br />discounts without reducing the level of service. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 1 Impact Fee Update Study <br />