Laserfiche WebLink
• <br />• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Net Solid Waste Impact Cost <br />The net impact fee per resident is the difference between the cost component and the <br />credit component. Table III -4 summarizes the calculation of the net solid waste impact cost <br />per resident. <br />Table III -4 <br />Net Impact Cost per Functional Resident <br />Calculation Step <br />L— <br />Impact Cost _ <br />Impact Cost <br />Revenue <br />Credits <br />Total Impact Cost per Functional Resident(1)f_ <br />$94.34 <br />Revenue Credit <br />Avg Annual Capital Expansion Credit per Functional Resident(2) <br />$1.70 <br />Capitalization Rate ' ''�, ,' <br />2.5% <br />Capitalization Period (in years) - - ; " <br />25 <br />Capital Expansion Credit per Functional Residentl3i <br />$31.32 <br />Net Impact Cost- , <br />Net Impact Cost per Functional Resident(4) \ <br />$63.02 <br />(1) Source Table III -2 - <br />(2) Source. Table III -3 , <br />(3) Source. The present value of the capital improvement credit per functional resident (Item 2) at a discount <br />rate of 2.5% with a capitalization period of 25 years ' <br />(4) Total impact -cost per resident (Item 1) less the capital expansion credit per resident (Item 3) <br />Calculated Solid Waste>Impact,Fee Schedule, <br />The calculated solid waste impact feefor each residential land use is presented in Table III - <br />5. The net impact cost per resident calculated in the previous section is applied to the <br />average persons per- unit by' land use. The resulting total impact fees per dwelling unit <br />range from $79 for the :multi -family residential land use to $160 for single family land use <br />with 2,500 square feet or More space. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 28 Impact Fee Update Study <br />