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Indian River County 1 Impact Fee Update Study <br />Affordable Growth Strategy <br />In the case of emergency services, based on a review of capital expansion expenditures <br />between 2008 and 2017, the County uses approximately $757,000 per year of non -impact <br />fee funding. During the next 25 years, the County is expected to grow at an annual rate of <br />1.4 percent. Figure VI -1 presents how impact fee levels would change over time with <br />different growth rates. As shown, the red horizontal line represents the maximum <br />calculated impact fee. This level is compared investment needed to maintain the current <br />LOS. Although the County may charge the maximum amount of emergency services impact <br />fee calculated, only approximately 8 percent of this amount is needed to maintain the <br />current/achieved LOS due to non -impact fee contributions from the existing development <br />and low rate of population growth. If the impact fee is adopted at a level higher than 8 <br />percent, the LOS is likely to improve as long as the County continues to spend <br />approximately $757,000 of non -impact fee revenues per year toward capacity projects. In <br />addition, if the County would like to charge no fee to non-residential land uses, it can do so <br />and still maintain the existing LOS as long as the fee for residential land uses is adopted at <br />11 percent. <br />16096 — <br />140% <br />120% — <br />'100% <br />80% <br />6096 <br />40% <br />20% <br />0% <br />Figure VI -1 <br />Emergency Services Impact Fee — Affordable Growth Approach <br />8% <br />—Total Cost <br />—Maximum Impact Fee <br />—LOS Curve <br />0.0096 1.00% 2.00% 3.00% 4.0096 5.00% 6.00% 7.0096 8.00% 9.00% 10.0056 <br />Annual Growth Rate <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />June 2014 76 Impact Fee Update Study <br />I( 1 <br />