11/10/2015 Impact Fee Update - Laserfiche WebLink

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• Finally, the cost and demand components are adjusted to reflect the most recent available data,which affects different land uses at different rates. Given that the updated fees under the Affordable Growth method indicated a decrease for almost all of the non-residential fee categories, which is consistent with the County's economic development goals, the BOCC adopted the updated fees for non-residential land uses on April 22, 2014. At that time, calculations for residential land uses were not yet finalized due to considerations for expanding the residential land use categories and to allow for some time to obtain the input of the School Board for the educational facilities impact fee. This technical report includes the final calculations for residential land uses. The following tables provide a summary of calculated fees for seven representative land uses. These land uses include examples of calculated residential land uses as well as adopted non-residential land uses. The complete schedule has almost 50 land uses and a comparison of all fee categories is included in Appendices I through K. The tables include the following: Table ES-1 (Unincorporated County) • Current adopted fee • Calculated maximum impact fee • Percent change from the current fee to the calculated fee • The complete fee schedule associated with this scenario is included in Appendix I. Table ES-2 (Unincorporated County) • Current adopted fee • Affordable growth impact fee • Percent change from the current fee to the affordable growth fee • The complete fee schedule associated with this scenario is included in Appendix J. Table ES-3 (Preferred Alternative, Unincorporated County) • Current adopted fee • Staff recommended impact fee • Percent change from the current fee to the staff recommended fee • The complete fee schedule associated with this scenario is included in Appendix K. Tindale-Oliver&Associates, Inc. Indian River County June 2014 ES-3 Impact Fee Update Study