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Indian River County I Impact Fee Update Study <br /> projects and there are none programmed for the next five years. This spending associated <br /> with a portion of the Phase IV expansion results in an average capital expansion expenditure <br /> of $2.3 million per year. Since the review of these expenditures spanned Fiscal Years 2008 <br /> through 2017, the average annual capital expansion cost is divided by the average <br /> functional population for this same period. As shown in Table II-7, the result is an average <br /> expansion cost of$16 per functional resident. It should be noted that although the optional <br /> sales tax will expire in 2019, this analysis assumes that, if the sales tax is not re-adopted, <br /> another revenue source will be used in the future. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> September 2014 20 Impact Fee Update Study <br />