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ISA INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Joseph A. Baird; County Administrator DEPARTMENT HEAD CONCURRENCE: FROM: ZQ,4.,P /, &, e� ?,-/, & , Robert M. Keating, AICP Communi - Development Director DATE: March 7, 2011 SUBJECT: Impact Fee Study Consideration It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of March 15, 2011. DESCRIPTION & CONDITIONS At its meeting of February 1, 2011, the Board of County Commissioners considered the issue of whether or not to direct staff to initiate the process of extending the current suspension of five of the County's nine impact fees. During discussion on that matter, the BCC also addressed the issue of commercial versus residential traffic impact fee rates. In discussing impact fee rates, BCC members seemed to agree that commercial traffic impact fee rates are too high. To address that issue, the BCC voted unanimously to direct staff to initiate a new impact fee study. In so doing, the BCC indicated that a new study may confirm that commercial traffic impact fee rates are too high and may result in lower commercial traffic impact fee rates. ANALYSIS In the past eight years, the County has contracted for three separate impact fee studies. The first, completed in 2004 by Tindale -Oliver & Associates, was an update of the County's traffic impact fee, the only impact fee in effect at that time. The second, completed in 2005 also by Tindale -Oliver, established eight new impact fees. The final report, completed in 2008 by Duncan & Associates, was an update of the earlier Tindale -Oliver studies. The Duncan study was not accepted by the BCC. Generally, impact fee update studies cost more than $100,000 but less than $200,000. While the 2005 Tindale -Oliver study cost $183,346, the 2008 Duncan study cost $132,750. KAAGENDA\201 Alrnpact Fee Study Consideration 03151 Ldoc 1 113