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Indian River County 1 Impact Fee Update Study <br />Net Emergency Services Impact Cost <br />The net impact fee per functional resident is the difference between the cost component <br />and the credit component. Table VI -8 summarizes the calculation of the net emergency <br />services impact cost per functional resident. <br />The first section of this table identifies the total impact cost as $304 per functional resident. <br />The second section of the table identifies the revenue credits for the emergency services <br />impact fee totaling approximately $102 per functional resident which is equal to the net <br />present value of the capital expansion credit per functional resident. <br />The net impact cost per functional resident is the difference between the total impact cost <br />and the total revenue credit. This results in a net impact cost of $201 per functional <br />resident, which reflects the relevant LOS for emergency services. <br />Table VI -8 <br />Net Impact Cost per Functional Resident <br />Revenue <br />Impact Cost / Credit Element Impact Cost <br />Credits <br />Impact Cost <br />Total Impact Cost per Functional Resident(�) <br />$303.57 <br />Revenue Credit <br />Avg Annual Capital Improvement Credit per Functional Resident(z) <br />$5.55 <br />Capitalization Rate <br />2.5% <br />Capitalization Period (in years) <br />25 <br />Capital Improvement Credit per Resident(3) <br />$102.26 <br />Net Impact Cost <br />Net Impact Cost per Functional Resident(4) <br />I $201.31 <br />(1) Source: Table VI -6 <br />(2) Source: Table VI -7 <br />(3) Average annual capital improvement credit per functional resident (Item 2) over a capitalization rate of <br />2.5% for 25 years. The capitalization rate estimate is provided by Indian River County. <br />(4) Total impact cost per functional resident (Item 1) Tess the total revenue credit per functional resident <br />(Item 3) <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 73 Impact Fee Update Study <br />log <br />