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Indian River County I Impact Fee Update Study <br /> • $/Gallon to Capital = the amount of gas tax revenue per gallon of fuel that is used for <br /> capital improvements, in $/gallon ($0.211 for gas tax; $0.111 for sales tax). <br /> • Fuel Efficiency=average fuel efficiency of vehicles, in vehicle-miles/gallon (18.19). <br /> Transportation Impact Fee Calculation <br /> Using these inputs, a net impact fee can be calculated for the single-family residential <br /> detached land use (1,500-2,499 sf) category as follows: <br /> Total Impact Cost=([7.81 * 6.62 * 1.0] /2) * (1-0.173) * ($313.87) =$6,710 <br /> Annual Sales Tax Credit= ([7.81 * 7.12 * 1.0]/2) * 365 * ($0.111/18.19) = $62 <br /> Sales Tax Credit=$62 * 4.6458=$288 <br /> Annual Credit for Gas Tax and Other Sources = ([7.81 * 7.12 * 1.0] /2) * 365 * ($0.211 <br /> /18.19)=$118 <br /> Gas Tax Credit=$118 * 18.4244=$2174 <br /> Total Credit=$288+$2,174=$2,462 <br /> Net Impact Fee=$6,710—$2,462=$4,248 <br /> A comparison of calculated fee schedule to the current adopted fee by land use is presented <br /> in Table IX-7. The detailed fee schedule that includes the calculations shown above is <br /> presented in Appendix E,Table E-1. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 120 Impact Fee Update Study <br /> l� <br />