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Methodology <br />®Consumption -Based Fee Calculation <br />• Measured in terms of capital asset value per <br />person (net of credits) <br />➢ Represents the community's investment <br />• Consistent with the 2005 Study <br />Methodology <br />®Basic Impact Fee Formula: <br />Net Impact Fee = <br />(Cost — Credit) x Demand <br />Asset Value Non -Impact Fee Population <br />Revenue VMT <br />Students <br />Indian River County Impact Fee Update Study <br />