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• • • Indian River County I Impact Fee Update Study Executive Summary In response to high growth levels and the need to provide infrastructure to support this growth, Indian River County (IRC) implemented a Transportation Impact Fee in 1986. In 2005, the County adopted impact fees in eight more program areas. The technical studies for all program areas were updated in 2007; however, these technical studies were not adopted. Of the nine program areas, only the transportation impact fee was later updated substantially in 2009 by an internally generated County update using data from the 2005 and 2007 studies, resulting in a fee reduction for almosf.aII.the land•uses. The eight non - transportation program fees were slightly modified in' the 2009 update. Since then, the County suspended the collection of five impact fee types to promote construction during the economic downturn, and more recently extended suspension' of correctional facilities, solid waste, and public buildings impact fees: Those three impact:.fee suspensions are currently in effect. Indian River County has retained -Tindale -Oliver & Associates, Inc. (TOA) to prepare an update study to reflect changes to, the impact fee variables for all program areas. In addition, the direction received from 'the Board of County Commissioners (BOCC) is to maintain the residential land uses at the' current;leverand•develop a methodology to reduce non-residential impact fees. To address the- goal of` reducing fees' for non-residential land uses, TOA developed the Affordable Growth methodology, which takes. into consideration revenues received from the existing development= that are used toward capacity expansion projects. As population growth. rates decrease,. -the ‘existing development's ability to assist in absorbing new growth's impact while maintaining the level of service (LOS) becomes more possible. The Affordable Growth -.method calculates the necessary impact fee levels to maintain the existing/achieved LOS given- k certain level of non -impact fee funding at an estimated growth rate. It is important to note that whether to fund capacity expansion projects solely with impact fee collections or supplement them with alternative funding sources is largely a policy decision, allowing the County to contribute or limit non -impact fee funding in its service areas as appropriate based on its capital improvement planning goals and the nature of its existing impact fee program. Tindale -Oliver & Associates, Inc. Indian River County January 2014 ES -1 Impact Fee Update Study