Laserfiche WebLink
Indian River County 1 Impact Fee Upd <br />Indian River County 1 Impact Fee Update Study <br />Table V-12 <br />Calculated Library Facilities Impact Fee Schedule — Affordable Growth <br />Residential Land Use(2)I <br />Residential <br />Affordable 1 <br />Growth <br />Adoption <br />j <br />Total Impact 1 <br />Fee IFeel31 <br />1Rate(1) <br />I <br />Current i <br />Adopted i , <br />Percent <br />Change(4) <br />Single Famil (less than 1,500 sf) <br />96% <br />$625.16 <br />$440.75 <br />41.8% <br />Single Family (1,500 to 2,499sf) <br />96% <br />$680.05 <br />$495.08 <br />37.4% <br />Single Family (2,500sf or greater) <br />96% <br />$753.23 <br />$537 10 <br />40.2% <br />Multi-Family/Accesso Unit <br />96% <br />$375.09 <br />$292.13 <br />28.4% <br />Mobile Home/RV Park (tied down) <br />96% <br />$439.13 <br />$357.73 <br />22.8% <br />(1) Calculated based on the average annual growth rate of 1 4% and non -impact fee funding of $50,000 per <br />year. <br />(2) Source: Calculated impact fee from Table V-11 multiplied by the affordable growth adoption rate (Item 1) <br />(3) Source: Indian River County Fees shown include a 2.5% administrative fee. <br />(4) Percent change from the current adopted fee (Item 2).to the total impact fee (Item 1) <br />Library Facilities Impact Fee Schedule Comparison <br />• <br />As part of the work effort in updating Indian River -County's library impact fee program, a <br />comparison of library facilities impact tfee schedules was completed for other Florida <br />counties. Table V-13 presents this comparison. As presented, Indian River County's <br />calculated fee is higher' than fees adopted bjr other Counties, which reflects the high <br />investment:levels to the County's library facilities. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 58 Impact Fee Update Study <br />C— rV i J% <br />