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At present, the County impact fee administration fund balance is sufficient to cover the cost of anew <br />impact fee study as well as special studies for various land use categories. To undertake a new <br />impact fee study, staff would need to prepare a scope of services, develop a request for proposals, <br />select a consultant, and manage the project. <br />That process will take a year to a year and a half from start to finish. If several land use special <br />studies are undertaken along with the overall update, the cost will probably be slightly more than <br />$200,000. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners authorize staff to initiate the impact fee <br />update study process. <br />APPROVED AGENDA ITEM: <br />FOR: MPWJ !,-- fl aoll <br />BY: <br />K:WGENDA\2011NImpact Fee Study Consideration 03151 Ldoc <br />Indian River Co, Appruqd Date <br />Admin. 'q 1,9 <br />Legal 5 <br />Budget <br />Dept. Wk EUL <br />Risk Mgr. <br />3 115 <br />