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(5) - CODE OF ORDINANCES Title X. - IMPACT FEES CHAPTER 1000. PURPOSE AND INTENT Impact fees provide a reasonable method of ensuring that new development pays its fair share of the capital costs of public services and facilities necessary to accommodate the new development and new development will derive a substantial benefit from facilities funded by impact fees. (6) The revenue received from the impact fees set forth in this chapter shall not be used to correct existing deficiencies. The impact fees set forth in this chapter establish a fair and conservative method of assessing new development its fair share costs for capacity producing capital improvements. The board approves and accepts the underlying studies as a reasonable basis for the fees. (8) The impact fees set forth in this title will not fully pay for the costs of capital improvements necessitated by new development, and the county recognizes that the shortfall will have to come from other revenue sources. The administrative charges set forth in this title are reasonable and necessary charges in order to efficiently administer the duties mandated by this title. (Ord. No 2005-015, 5-17-05) (7) (9) Section 1000.05. Severability. If any section, phrase, sentence or portion of this title is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision, and such holding shall not affect the validity of the remaining portions of this title. (Ord No.2005-015.5-17-05) Section 1000.06. Imposition. (1) Any person, who after the effective date of this ordinance, seeks to develop land by applying for a building permit or an initial concurrency certificate, shall be assessed impact fees and shall be required to pay all applicable impact fees in the manner and amount set forth in this title. current rate. (2) No building permit or initial concurrency certificate for any activity requiring payment of impact fees pursuant to this title shall be issued unless and until all impact fees required by this title have been paid. (3) Any person, who after the effective date of this ordinance applies for an initial concurrency certificate or for a permit to set up a new mobile home, shall be assessed impact fees and shall be required to pay all applicable impact fees in the manner and amount set forth in this title. Updates are shown with* ke th;out hs and underlines. Strike -through wording will be deleted from the ordinance, underlined wording will be added. Indian River County, Florida, Code of Ordinances Page 5 127