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Indian River County I Impact Fee Update Study <br /> Table V-12 <br /> Calculated Library Facilities Impact Fee Schedule—Affordable Growth <br /> Affordable <br /> Growth Total 2009 Percent <br /> Residential Land Use Adoption Impact Adopted (4) <br /> Residential <br /> Single Family(less than 1,000sf) 96% $587 $430 36.5% <br /> Single Family(less than 1,500sf) 96% $631 $430 46.7% <br /> Single Family(1,500 to 2,499 sf) 96% $672 $483 39.1% <br /> Single Family(2,500 sf or greater) 96% $750 $524 43.1% <br /> Multi-Family/Accessory Unit 96% $381 $2851 33.7% <br /> Mobile Home/RV Park(tied down) 1 96% $428 $3491 22.6% <br /> (1) Calculated based on the average annual growth rate of 1.4%and non-impact fee funding of$50,000 <br /> per year. <br /> (2) Source:Calculated impact fee from Table V-11 multiplied by the affordable growth adoption rate <br /> (Item 1) <br /> (3) Source: Indian River County. Fees shown do not include the administrative fee. <br /> (4) Percent change from the current adopted fee(Item 2)to the total impact fee(Item 1) <br /> Staff Recommended Fee Rate <br /> Based on a review of capital needs in the near future, the County staff recommends <br /> suspension of library impact fees until the next technical update study. At that time, the <br /> capital expansion needs for libraries will be reviewed and the suspension may need to be <br /> lifted. <br /> Library Facilities Impact Fee Schedule Comparison <br /> As part of the work effort in updating Indian River County's library impact fee program, a <br /> comparison of library facilities impact fee schedules was completed for other Florida <br /> counties. Table V-13 presents this comparison. As presented, Indian River County's <br /> calculated fee is higher than fees adopted by other Counties, which reflects the high <br /> investment levels to the County's library facilities. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 62 Impact Fee Update Study <br /> qT <br />