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Indian River County 1 Impact Fee Update Study <br />• capacity consumed by each unit of land use contained in the impact fee schedule that is not <br />• <br />paid for by future tax revenues generated by new development. <br />It should be noted that the information used to develop the impact fee schedule was based <br />on the most recent, reliable, and localized data available. The following input variables <br />used in the fee equation: <br />Demand Variables: <br />• Trip generation rate <br />• Trip length <br />• Percent new trips <br />• Interstate and toll facility discount factor <br />Cost Variables: <br />• Cost per lane mile <br />• Capacity added per lane mile; <br />Credit Variables: <br />• Equivalent gas; tax credit (pennies <br />• Present worth., <br />• Fuel efficiency <br />• Effective, days per year <br />r <br />A review'of impact fee variables'and,corresponding recommendations are presented in the <br />following`subsections. <br />tf <br />,. <br />l <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />January 2014 103 Impact Fee Update Study <br />