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• • • Indian River County 1 Impact Fee Update Study • Buy -down by Geographic Area: and Geographic Goals — This approach allows jurisdictions to place a priority on select Activity Centers or the Urban Core to incentivize more efficient land use patterns as set forth in their Comprehensive Plans. For example, the geographic area buy -down could be used to meet the goal of increasing density and creating a more diverse tax base in the Urban Core, identified by the jurisdiction, by leveraging other revenues to offset impact fee costs while maintaining the current LOS. At this time, Indian River County does not have such high-density areas and is interested in countywide discounts rather than buy - down by geographic area. , • Buy -down of "Most Favored Uses" — This°'approach developed by TOA allows communities to establish policies for targeted"land 'uses,related to overall benefit and need for specific uses throughoutthe jurisdiction or- in targeted geographic • areas of the county. These benefits may also include improved'revenue generation through a more diverse tax base that brings economic stability-inhe future. Indian River County indicated an interest in encouraging non-residential 'development countywide in order to prornote economic development. As presented in the chartbelow, the Affordable -Growth Impact'Eee concept is driven by the communities' economic development and, growth management' goals, available funding, and the desired/acceptable LOS•for various program areas This approach provides the County with the necessary information to achieve a flexible program that supports the community's planning goals. Com prehensive Plans Master Economic Development P[bng o o J' f\ J‘ i Tindale -Oliver & Associates, Inc. Indian River County January 2014 6 Impact Fee Update Study