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Indian River County I Impact Fee Update Study <br /> issued building permits to reflect the fact that the development (and therefore the <br /> need for new infrastructure capacity) will not occur. <br /> Finally, it should be noted that the payment of impact fees on a given parcel relieves <br /> future owners or developers of that parcel from the need to pay fees for those <br /> impacts in the future, which, presumably, is reflected in the value of the parcel, even <br /> if there is a subsequent change of use. In this sense, the individual's investment in <br /> impact fees can be "recouped," so to speak in the value added to the parcel. <br /> This technical report has been prepared to support legal compliance with existing case law <br /> and statutory requirements. Although the Florida courts have yet to expressly address the <br /> methodology underpinning the Affordable Growth Strategy, this aspect of the report is <br /> based on the long-standing legal standards described in this section. The technical report <br /> also documents the methodology components for each of the impact fee areas in the <br /> following sections, including an evaluation of the inventory, service area, level-of-service <br /> (LOS), cost, credit, and demand components. Information supporting this analysis was <br /> obtained from the County and other sources, as indicated. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 10 Impact Fee Update Study <br /> 4-5— <br />