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Indian River County I Impact Fee Update Study <br /> Net Solid Waste Impact Cost <br /> The net impact fee per resident is the difference between the cost component and the <br /> credit component. Table III-4 summarizes the calculation of the net solid waste impact cost <br /> per resident, which is also the relevant LOS for impact fee purposes and should be included <br /> in the Comprehensive Plan as such. <br /> Table III-4 <br /> Net Impact Cost per Functional Resident <br /> Calculation Step Impact Cost Revenue <br /> Credits <br /> Impact Cost <br /> Total Impact Cost per Functional Resident(') $94.34 <br /> Revenue Credit <br /> Avg Annual Capital Expansion Credit per Functional Resident(2) $1.62 <br /> Capitalization Rate 2.5% <br /> Capitalization Period(in years) 25 <br /> Capital Expansion Credit per Functional Residential $29.85 <br /> Net Impact Cost <br /> Net Impact Cost per Functional Resident(4) $64.49 <br /> (1) Source:Table III-2 <br /> (2) Source:Table III-3 <br /> (3) Source:The present value of the capital improvement credit per functional resident(Item 2)at a discount <br /> rate of 2.5%with a capitalization period of 25 years <br /> (4) Total impact cost per resident(Item 1)less the capital expansion credit per resident(Item 3) <br /> Calculated Solid Waste Impact Fee Schedule <br /> The calculated solid waste impact fee for each residential land use is presented in Table III- <br /> 5. The net impact cost per resident calculated in the previous section is applied to the <br /> average persons per unit by land use. The resulting total impact fees per dwelling unit <br /> range from $79 for the multi-family residential land use to $163 for single family land use <br /> with 2,500 square feet or more space. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 30 Impact Fee Update Study <br /> GS <br />