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• • • Indian River County 1 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 almo _tall, the land uses. The eight non - transportation program fees were slightly modified:t a 2009 update. Since then, the ee g County suspended the collection of five impact ftypes to©promote construction during the economic downturn, and more recently e tended suspensionlof correctional facilities, solid waste, and public buildings impact �f es Those three impact fee suspensions are nW� currently in effect. , ®0 3\ Indian River County has retained Tindale -Oliver &Associates, Inc. (TOA) to prepare an update study to reflect changes tbo=the •impact fee variables for all program areas. In a ci addition, the direction received fromst�he Board' of County Commissioners (BOCC) is to maintain the residential' a�nnduses at the current:level a dndevelop a methodology to reduce °3e t 6 . �o non-residential impae�fees. '\ I 4 ` ° Q To address the .goal of reduci g Pfeesrfor non° esidential land uses, TOA developed the �'r+ . Affordable�Growthmuethodology., which' -takes. into consideration revenues received from the existing developme- that aretused tows dcapacity expansion projects. As population growtht`rates decrease, the.. exis ing development's ability to assist in absorbing new a growth's impact while maintaining thedlevel of service (LOS) becomes more possible. The Affordable Gro th. method 'alculates the necessary impact fee levels to maintain the k. existing/achieved �R;I tgiven= ajicertain level of non -impact fee funding at an estimated growth rate. It is impdriant,;to note that whether to fund capacity expansion projects solely with impact fee collections r 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