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• <br />0 <br />Indian River County 1 Impact Fee Update Study <br />Affordable Growth Strategy <br />In the case of correctional facilities, based on a review of capital expansion expenditures <br />between Fiscal Years 2008 and 2017, the County uses approximately $2.3 million per year of <br />non -impact fee funding. During the next 25 years, Indian River County is expected to grow <br />at an average annual rate of 1.4 percent. Figure 11-1 presents how impact fee levels would <br />change over time with different growth rates. As shown, the red horizontal line represents <br />the maximum impact fee calculated in this report. This level is considered the investment <br />needed to maintain the current LOS. Although the County may charge the maximum <br />amount of correctional facilities impact fee calculated, it the historical levels of non -impact <br />fee funding were to be continued, the County would not need any impact fee revenue to <br />continue to maintain the current LOS. <br />It should be noted that the historical average non -impact fee contribution is based on <br />` <br />spending made for the last jail expansion, which\was completed in 2008., -Since then, the <br />County did not have any non -impact fee spending ,and does not have :any capacity <br />expansion projects programmed in;`�tlie CIP. This is -.reflective of "lumpy" nature of jail <br />construction in that correctional fa'cilities- tend to require' large scale investments that <br />provide sufficient capacity.,for a longer term 'than most other infrastructure types. As <br />mentioned previously,;the-current jail population is -approximately 75 percent of the jail <br />functional capacity:.; ; { <br />300% <br />250% <br />20096 <br />15096 <br />10096 <br />50% <br />0% <br />Figure 11-1 <br />Correctional Facilities Impact Fee -Affordable Growth Approach <br />0.0096 1.00% 2.00% 3.00% 4.00% 5.00% 6.0096 7.0096 &C0% 9.00% 10.00% <br />Annual Growth Rate <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />21 Impact Fee Update Study <br />` — <br />— <br />Total Cost <br />Maximum Iinpact Fee - <br />IRC Average <br />.Annual Giowth <br />LOS Curve <br />0.0096 1.00% 2.00% 3.00% 4.00% 5.00% 6.0096 7.0096 &C0% 9.00% 10.00% <br />Annual Growth Rate <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />21 Impact Fee Update Study <br />