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Indian River County 1 Impact Fee Update Study <br />technical report includes the final calculations for residential land uses in addition t. on - <br />'residential land uses <br />It should be noted that figures calculated in this study represent the chnically defensible <br />level of impact fees that the County could charge; howev: , the Board of County <br />Commissioners may choose to discount the fees as a policy cision. In fact, in addition to <br />using the affordable growth fees, the "Staff Recom nded Fees" shown in Appendix K <br />include policy discounts proposed by the India • iver County staff for certain program <br />areas, primarily based on a consideration of ture capital needs. More specifically, these <br />discounts include the following: <br />• Use of full calculated -s for emergency services program area; <br />• Application of 0 -percent reduction to affordable growth scenario for public <br />buildings i act fees for all land uses, <br />. Appli ion of a 25 -percent reduction to affordable growth scenario for parks and <br />r reation facilities impact fees for all land uses; and <br />Suspension of the library impact fees. <br />Methodology <br />The methodology used to update the County's impact fee program is a consumption -based <br />impact fee methodology, which is used throughout Florida. This methodology was also <br />used in preparing the 2004 and 2005 technical reports for Indian River County and is the <br />basis for the current adopted fees A consumption -based impact fee charges new <br />development based upon the burden placed on services from each land use (demand) The <br />demand component is measured in terms of population per unit of land use in the case of <br />all impact fee program areas with the exception of educational facilities and transportation. <br />In the case of educational facilities, student generation rate is used and in the case of <br />transportation, vehicle -miles of travel is used. A consumption -based impact fee charges <br />new growth the proportionate share of the cost of providing additional infrastructure <br />available for use by new growth. Cost estimates reflect the current value of capital assets <br />for each program area (i e., the cost to buy or build the same asset today). In addition, per <br />legal requirements, a credit is subtracted from the total cost to account for contributions of <br />the new development toward any capacity expansion projects through other revenue <br />sources. Contributions used to calculate the credit component include estimates of future <br />non -impact fee revenues generated by the new development that will be used toward <br />Tindale -Oliver & Associates, Inc. Indian River County <br />September 2014 <br />2 Impact Fee Update Study <br />AttaAggnt 4a <br />141 <br />