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• <br />• <br />• <br />Indian River County 1 Impact Fee Update Study <br />reflects an average annual residential solid waste generation rate of 0.7 tons per capita per <br />year. <br />Table III -2 <br />Net Impact Cost per Resident <br />Capital Asset Component <br />Figure <br />Percent of <br />Total <br />Value (6) <br />Total Building Value1�1 <br />$13;000,000 <br />93% <br />Total Land Value(2) <br />'$962,000 <br />7% <br />Total Asset Value(3) ; "-- - <br />/ $13,962,000 <br />100% <br />2013 Populationl4l <br />148,001 <br />Total Solid Waste Asset Value per,Resiclent(s) <br />$94.34 <br />(1) Source. Table III -1 <br />(2) Source Table III -1 <br />(3) Sum of the total building value (Item 1) and°the total°lan'd value (Item 2); <br />(4) Source: Appendix A, Table.A-1, Countywide- `"• <br />(5) Total asset value (Item 3) divided Joy population (Ite_m 4) <br />(6) Each component divided by'total asset value <br />s. <br />Credit Component <br />To avoid overcharging'new development for the'solid waste facility impact fee, a review of <br />the capital financing program for customer care'facilities was completed. The purpose of <br />this review was to-determineany potential revenue, credits generated by new development <br />thatare;being used for expan`siori of capital facilities and land included in the inventory. <br />As presented -in Table III -3; ,the County uses an average annual amount of $252,000 of the <br />SWDD's revenues toward the ;construction/expansion of customer convenience center <br />expansion. This amount results in an annual expenditure of almost $2 per resident, which is <br />used the calculated the impactfee credit. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 26 Impact Fee Update Study <br />