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Indian River County I Impact Fee Update Study <br /> Cost Component <br /> Table III-2 presents a summary of asset value related to the solid waste impact fee and <br /> resulting value per resident ($94 per person). It should be noted that this amount also <br /> reflects an average annual residential solid waste generation rate of 0.7 tons per capita per <br /> year. <br /> Table III-2 <br /> Net Impact Cost per Resident <br /> ComponentPercentof <br /> Capital Asset <br /> Value <br /> 4TotalBuilding Value') $13,000,000 93°� <br /> 962 000 ° <br /> Value(z) 7 °t Value(3) $13,962,000 100% <br /> lation(4) 148,001 <br /> Waste Asset Value per Residentis) $94.34 <br /> (1) Source:Table III-1 <br /> (2) Source:Table III-1 <br /> (3) Sum of the total building value(Item 1)and the total land value(Item 2) <br /> (4) Source:Appendix A,Table A-1;Countywide <br /> (5) Total asset value(Item 3)divided by population(Item 4) <br /> (6) Each component divided by total asset value <br /> Credit Component <br /> To avoid overcharging new development for the solid waste facility impact fee, a review of <br /> the capital financing program for customer care facilities was completed. The purpose of <br /> this review was to determine any potential revenue credits generated by new development <br /> that are being used for expansion of capital facilities and land included in the inventory. <br /> As presented in Table III-3, the County uses an average annual amount of approximately <br /> $252,000 of the SWDD's revenues toward the construction/expansion of customer <br /> convenience center expansion. This amount results in an annual expenditure of <br /> approximately$1.62 per resident,which is used the calculated the impact fee credit. <br /> Tindale-Oliver&Associates, Inc. <br /> Indian River County <br /> June 2014 28 Impact Fee Update Study <br /> �3 <br />