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Stan Boling <br />Subject: <br />Attachments: <br />Most Recent School Impact Fee Refund Request <br />RE: School Impact Fee Refund Requests August - September 2015 <br />From: Jason Brown <br />Sent: Monday, September 14, 2015 10:56 AM <br />To: Stan Boling <br />Cc: Dylan Reingold <br />Subject: RE: Most Recent School Impact Fee Refund Request <br />Stan, <br />Budget Office staff has coordinated with School District staff regarding the 28 requests for school impact fee refunds <br />recently received by the County. As you will recall, these funds needed to be encumbered/expended by June 30, 2014, <br />September, 30, 2014, or December 31, 2014, depending upon the date that each individual fee was paid. School District <br />staff has confirmed that as of May 31, 2014, school impact fees totaling $10,501,919.36 had been expended or <br />encumbered on projects "made necessary by new growth and development in the county" (please see <br />attachment) This exceeds impact fee and interest earnings totaling $9,880,340.35 from inception of the school fees <br />(on July 1, 2005) through the end of fiscal year 2012. Therefore, all school impact fees paid at any time during 2008 <br />have been expended or encumbered within the six-year timeframe provided in County Code. <br />If you need additional information or would like to discuss this further, please let me know. <br />Jason E Brown <br />Director — Office of Management & Budget <br />Indian River County Board of Commissioners <br />1801 271h Street <br />Vero Beach, FL 32960 <br />(772) 226-1214 <br />FAX (772) 770-5331 <br />jbrown(a�ircgov.com <br />ATTACHMENT 4 <br />Attachment 2a <br />113 <br />