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Indian River County 1 Impact Fee Update Study <br />• continue to degrade, the high growth projection is used in the affordable growth <br />• <br />• <br />calculations for the transportation impact fee. <br />Based on this scenario, the County would need approximately 90 percent of the fee for all <br />land uses, as long as an additional funding of $10 million per year is available for the next <br />five years and $2.7 million per year afterwards, with an average annual population growth <br />rate of 2 percent. As presented in Figure X-1, the red horizontal line represents the <br />maximum technically acceptable fee. Although the County may charge the maximum <br />amount of transportation impact fee calculated, if th,,historical levels of non -impact fee <br />funding were to be continued, the County could adopt the<impact fee at approximately 90 <br />percent for all land uses and continue to maintain theadopted Lstandard. <br />\\., <br />Alternatively, if the County adopts the residential land uses at 100 percent, the fees for non- <br />residential land uses could be reduced by up to\55 percent (or adopted' at 45 percent) to <br />maintain the adopted LOS standa�\s mentioned'previ u ly, the level ofdiscount is more <br />of a policy decision and could be at any -level between the minimum levels calculated in this <br />section and 100 percent. <br />120% <br />100% <br />80% <br />11- <br />60% <br />s <br />40% <br />20% <br />Figure X-1 <br />Transpo'rtatiomlmpact Fee \Affordable Growth Strategy <br />Adopted\LOS Standard-' <br />IRC Average <br />Annual Growth <br />— Total Cost <br />- Maximum Impact Fee <br />LOS Curve <br />0% <br />0.00% 1.00% 2.0046 3.00% 4.00% 5.00% 6.0046 7.00% 8.00% 9.00% 10.0046 <br />Annual Growth Rate <br />Table X-8 presents discounted impact fee schedule. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 120 Impact Fee Update Study <br />