12/11/1990 - Laserfiche WebLink

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Fr- I DEC 111990 Multiplier = Total number of units allowed - Existing units Projected number of units needed (1990-2010) O Total number of units allowed = Summation of units allowed for each land use category c Total number of units allowed for each land use category = (total acreage of land in each land use category) X (maximum number of units allowed for the appropriate land use category). By using this formula, the DCA's figure showed that the county allocated more than 11 times as many dwelling units as projected to be needed. * County's Position The county acknowledged that there was some over -allocation of residential land, but disputed the accuracy of DCA's multiplier. It is the county's position that flaws in the methodology overestimate the multiplier. These flaws are summarized below: Historically, the county's development has not occurred at or near the maximum density allowed in each land use category, and the county predicts this trend to be continued in the future. The DCA did not consider this trend and used the maximum number of residential units allowed in each land use category to determine the multiplier. Existing subdivisions have a much lower density than the density designated in the FLUM for the areas in which these subdivisions are located. This was not taken into account in establishing the DCA multiplier. DCA did not reduce gross acreage amounts to reflect land used for infrastructure improvements (roads, stormwater tracts); usually 25% or more of a development project acreage will be allocated for these infrastructure improvements. The 25% allowance for infrastructure improvements is a conservative figure. It is the county's position that the multiplier would be more accurate if the formula was revised to be as follows: Total number of units allowed = (net net acreage of lands for each land use category) X (maximum number of units allowed for that land use category) + (existing number of lots/units in the major subdivisions). c Net net acreage = (total acreage of land in each land use category) - (acreage designated for commercial/industrial, recreational and institutional) - (25% for infrastructure improvements) -(acreage of existing major subdivisions). * Compromise Position To reduce the 'over -al location of residential land, DCA and Indian River County identified various amendments to Indian River County's plan which would reduce the number_ of dwelling units that could be built. These amendments are depicted on the Future Land Use Plan Map and are generally as follows: 44