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Indian River County � Impact Fee Update Study <br /> Figure VIII-1 <br /> Parks and Recreation Impact Fee—Affordable Growth Strategy <br /> - ------------ -------------------------- <br /> ------------------------------------------------------ <br /> 100% <br /> 80% ------ ----- �----o------------------------------------------Total Cost-------------- <br /> G 92/ <br /> 60% ------------------------------------------------ MaximumlmpactFee - <br /> � LOS Curve <br /> f- <br /> IRCAnnual <br /> .Average Growth <br /> 0% — , <br /> 0.00% L00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% <br /> Annual Growth Rate <br /> Table VIII-10 presents discounted impact fee schedule. <br /> Table VIII-10 <br /> Calculated Parks&Recreation Impact Fee Schedule—Affordable Growth <br /> . �.. - <br /> �. • <br /> .. � �.. - . <br /> � ... . <br /> Residential <br /> Single Family(less than 1,OOOsf) du 92% $1,560 $1,302 19.8% <br /> Single Family(1,OOOto 1,499sf) du 92% $1,684 $1,302 29.3% <br /> Single Family(1,500 to 2,499 sf) du 92% $1,791 $1,463 22.4% <br /> Single Family(2,500sf orgreater) du 92% $1,991 $1,587 25.5% <br /> Multi-Family/Accessory Unit du 92% $1,022 $884 15.6% <br /> Mobile Home/RV Park(tied down) du 92% $999 $942 6.1% <br /> (1) Calculated based on an average annual spending of$639,000 for the next 5 years and$24,000 per year <br /> afterwards,and an average annual growth rate of 1.4%over the next 25 years <br /> (2) Total impact fee from Table VIII-9(Item 5)multiplied by the affordable growth adoption rate(Item 1) <br /> (3) Source: Indian River County. Fees do not include the administrative fee <br /> (4) Percent change from the current adopted rates(Item 3)to the calculated total impact fee rate(Item 2) <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 102 Impact Fee Update Study <br /> i37 <br />