Laserfiche WebLink
Indian River County I Impact Fee Update Study <br /> Affordable Growth Strategy <br /> In the case of emergency services, based on a review of capital expansion expenditures <br /> between 2008 and 2017, the County uses approximately $757,000 per year of non-impact <br /> fee funding. During the next 25 years, the County is expected to grow at an annual rate of <br /> 1.4 percent. Figure VI-1 presents how impact fee levels would change over time with <br /> different growth rates. As shown, the red horizontal line represents the maximum <br /> calculated impact fee. This level is compared investment needed to maintain the current <br /> LOS. Although the County may charge the maximum amount of emergency services impact <br /> fee calculated, only approximately 8 percent of this amount is needed to maintain the <br /> current/achieved LOS due to non-impact fee contributions from the existing development <br /> and low rate of population growth. If the impact fee is adopted at a level higher than 8 <br /> percent, the LOS is likely to improve as long as the County continues to spend <br /> approximately $757,000 of non-impact fee revenues per year toward capacity projects. In <br /> addition, if the County would like to charge no fee to non-residential land uses, it can do so <br /> and still maintain the existing LOS as long as the fee for residential land uses is adopted at <br /> 11 percent. <br /> Figure VI-1 <br /> Emergency Services Impact Fee—Affordable Growth Approach <br /> ------------------------------ <br /> -------------—---------------------------------------------- <br /> 140% -- -------------------------------------------------------- <br /> IRC Average <br /> 120% - - ---------------------------------------------- <br /> `AnrivatGrowitli` "`"" ' <br /> 100% <br /> 0 <br /> To80% ------------- ---------------------- - --- <br /> 8% ----------- Total Cost <br /> Maximum Impact Fee <br /> 20% - - - -- -- --- <br /> LOS Cum <br /> 0% ------7—.-------r <br /> 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% <br /> Annual Growth Rate <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 76 Impact Fee Update Study <br /> !( I <br />