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• Be supported by a study demonstrating that the fees are proportionate in amount to <br /> the need created by new development paying the fee; and <br /> • Be spent in a manner that directs a proportionate benefit to new development, <br /> typically accomplished through a list of capacity-adding projects included in the <br /> County's Capital Improvement Plan, Capital Improvement Element, or another <br /> planning document/Master Plan. <br /> In addition, one of the requirements of the 2006 Florida Impact Fee Act is that the studies <br /> be based on most recent and localized data. <br /> This technical report has been prepared to support legal compliance with existing case law <br /> and statutory requirements. The methodology used in this report is consistent with that <br /> used in the 2004 and 2005 technical reports, which are the basis of the current adopted <br /> fees. Although the Florida courts have yet to expressly address the methodology <br /> underpinning the Affordable Growth Strategy, this aspect of the report is based on the long- <br /> standing legal standards described in this report. The technical report also documents the <br /> methodology components for each of the impact fee areas, including an evaluation of the <br /> inventory, service area, level-of-service (LOS), cost, credit, and demand components. <br /> Information supporting this analysis was obtained from the County and other sources, as <br /> indicated. <br /> Three primary factors affected the County's impact fee levels: <br /> • Since 2005, the County built additional infrastructure and increased the capital asset <br /> inventory significantly in most program areas. This results in an increased asset <br /> value, which in turn, increases the impact fee. <br /> • In most infrastructure areas, the County used or is projected to use other revenue <br /> sources to supplement impact fees, such as optional sales tax revenues, ad valorem <br /> tax revenues, and other revenues. Depending on the program area and the level of <br /> on-going investment, these contributions result in an increase in the credit <br /> component for some program areas, which in turn reduces the impact fee. In <br /> others, if the investment was made in earlier years and are not projected to <br /> continue at the same levels, the credit may decrease compared to the previous <br /> study, which in turn increases the impact fee. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 ES-2 Impact Fee Update Study <br /> 7 <br />