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Indian River County I Impact Fee Update Study <br /> Affordable Growth Strategy <br /> In the case of correctional facilities, based on a review of capital expansion expenditures <br /> between Fiscal Years 2008 and 2017, the County uses approximately $2.3 million per year of <br /> non-impact fee funding. During the next 25 years, Indian River County is expected to grow <br /> at an average annual rate of 1.4 percent. Figure II-1 presents how impact fee levels would <br /> change over time with different growth rates. As shown, the red horizontal line represents <br /> the maximum impact fee calculated in this report. This level is compared to investment <br /> needed to maintain the current LOS. Although the County may charge the maximum <br /> amount of correctional facilities impact fee calculated, if the historical levels of non-impact <br /> fee funding were to be continued, the County would not need any impact fee revenue to <br /> continue to maintain the current LOS. <br /> It should be noted that the historical average non-impact fee contribution is based on <br /> spending made for the last jail expansion, which was completed in 2008. Since then, the <br /> County did not have any non-impact fee spending and does not have any capacity <br /> expansion projects programmed in the CIP. This is reflective of "lumpy" nature of jail <br /> construction in that correctional facilities tend to require large scale investments that <br /> provide sufficient capacity for a longer term than most other infrastructure types. As <br /> mentioned previously, the current jail population is approximately 75 percent of the jail <br /> functional capacity. <br /> Figure II-1 <br /> Correctional Facilities Impact Fee—Affordable Growth Approach <br /> 300% <br /> 250% --------------- <br /> —Total Cost <br /> 200% ---------- —Maximum Impact Fee <br /> IRC Average - LOS Curve <br /> C Annual Growth <br /> U <br /> 150% ---------------------------------------------- <br /> ' <br /> ---------------------------------------- <br /> 100% <br /> 50% ------ <br /> 0% - <br /> 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% <br /> Annual Growth Rate <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> September 2014 24 Impact Fee Update Study <br /> A zq <br />