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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Affordable Growth Strategy <br />In the case of emergency services, based on a review of capital expansion expenditures <br />between 2008 and 2017, the County uses approximately $757,000 per year of non -impact <br />fee funding. During the next 25 years, the County is expected to grow at an annual rate of <br />1.4 percent. Figure VI -1 presents how impact fee levels would change over time with <br />different growth rates. As shown, the red horizontal line represents the maximum <br />calculated impact fee. This level is compared investment, needed to maintain the current <br />LOS. Although the County may charge the maximum amount of emergency services impact <br />fee calculated, only approximately 8 percent of this amount is needed to maintain the <br />current/achieved LOS due to non -impact fee contributions from the existing development <br />and low rate of population growth. If the impact' fee is adopted'at a level higher than 8 <br />percent, the LOS is likely to improve 'as long as the County 'continues to spend <br />approximately $757,000 of non -impact fee revenues per year toward capacity projects. In <br />addition, if the County would like to.charge no feeto .non-residential land'uses, it can do so <br />and still maintain the existing LOS,as long as the fee•for`residential land uses is adopted at <br />11 percent. <br />16095 <br />140% <br />12096 <br />10096 <br />80% <br />~ 60% <br />4096 <br />20% <br />096 <br />'Figure V,1-1' , <br />•Emergency Services. Impact Fee -Affordable Growth Approach <br />0.0096 1.00% 2.00% 3.00% 4.00% 5.00% 6.0096 7.00% 8.0096 9.00% 10.0096 <br />Annual Growth Rate <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />January 2014 72 Impact Fee Update Study <br />• <br />IRC -Average <br />Annual •Groinith% <br />I <br />1 1 1 <br />i <br />Total Cost • <br />Maximumimpact=Fee <br />1 <br />LOS Curve <br />1 <br />0.0096 1.00% 2.00% 3.00% 4.00% 5.00% 6.0096 7.00% 8.0096 9.00% 10.0096 <br />Annual Growth Rate <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />January 2014 72 Impact Fee Update Study <br />