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Indian River County I Impact Fee Update Study I. Introduction In response to high growth levels and the need to provide infrastructure to support this growth, Indian River County (IRC) implemented a Transportation Impact Fee in 1986. In 2005, the County adopted impact fees in eight more program areas, including: • Correctional Facilities • Solid Waste Facilities • Public Buildings • Library Facilities • Emergency Services • Law Enforcement • Educational Facilities • Parks & Recreation Facilities The technical studies for all program areas were updated in 2007; however, these technical studies were not adopted. Of the nine program areas, only the transportation impact fee was later updated substantially in 2009 by an internally generated County update using data from the 2005 and 2007 studies, resulting in a fee reduction for almost all the land uses. The eight non-transportation program fees were slightly modified in the 2009 update. Since then, the County suspended the collection of five impact fee types to promote construction during the economic downturn, and more recently extended suspension of correctional facilities, solid waste, and public buildings impact fees. Indian River County has retained Tindale-Oliver & Associates, Inc. (TOA) to prepare an update study to reflect changes to the cost, credit, and demand components since the last study. In addition, the study includes "affordable growth" calculations, which take into account the existing development's ability to absorb new growth and calculates the level of possible policy discounts without reducing the level of service. This report serves as the technical study to support the calculation of updated impact fees. Given that the updated fees under the Affordable Growth method indicated a decrease for almost all of the non- residential fee categories, which is consistent with the County's economic development goals, the BOCC adopted the updated fees for non-residential land uses on April 22, 2014. At that time, calculations for residential land uses were not yet finalized due to considerations for expanding the residential land use categories and to allow for some time to obtain the input of the School Board for the educational facilities impact fee. This Tindale-Oliver&Associates, Inc. Indian River County September 2014 1 Impact Fee Update Study