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Indian River County 1 Impact Fee Update Study <br />Calculated Parks & Recreation Facilities Impact Fee Schedule <br />Table VIII -9 presents the calculated parks and recreation impact fee schedule developed for <br />residential land uses. As previously mentioned, only residential development within <br />unincorporated Indian River County is assessed a parks and recreation impact fee. <br />Table VIII -9 <br />Calculated Parks & Recreation Impact Fee Schedule <br />Total Current <br />Impact Residents Net Cost per Percent <br />Land Use,, Impact Adopted <br />Unit per Unit(�) Resident((3� (Q) Change(5) <br />Fee Fee <br />Residential <br />Single Family (less than 1,000 sf) <br />du <br />2.03 <br />$835.50 <br />$1,696 <br />$1,302 <br />30.3% <br />Single Family (1,000 to 1,499sf) <br />du <br />2.19 <br />$835.50 <br />$1,830 <br />$1,302 <br />40.6% <br />Single Family (1,500 to 2,499 sf) <br />du <br />2.33 <br />$835.50 <br />$1,947 <br />$1,463 <br />33.1% <br />Single Family (2,500 sf or greater) <br />du <br />2.59 <br />$835.50 <br />$2,164 <br />$1,587 <br />36.4% <br />Multi-Family/Accessory Unit <br />du <br />1.33 <br />$835.50 <br />$1,111 <br />$884 <br />25.7% <br />Mobile Home/RV Park (tied down) <br />du <br />1.30 <br />$835.50 <br />$1,086 <br />$942 <br />15.3% <br />(1) Source: Appendix A, Table A-3 <br />(2) Source: Table VIII -8 <br />(3) Residents per unit (Item 1) for each land use category multiplied by net cost per resident (Item 2) <br />(4) Source: Indian River County. Fees do not include the administrative fee <br />(5) Percent change from the current adopted rates (Item 4) to the calculated total impact fee rate (Item 3) <br />Affordable Growth Strategy <br />Based on a review of capital expansion expenditures between 2008 and 2017, the County <br />will use approximately $639,000 per year of non -impact fee funding over the next five years <br />and $24,000 per year afterwards. As mentioned previously, during the next 25 years, the <br />County is expected to grow at an annual rate of 1.4 percent. Figure VIII -1 presents how <br />impact fee levels would change over time with different growth rates. The maximum <br />calculated fee is compared investment needed to maintain the current adopted LOS <br />standard. Although the County may charge the maximum amount of parks and recreation <br />impact fee calculated, the County needs approximately 92 percent of the maximum impact <br />fee revenues to maintain the current LOS. As mentioned previously, the available non- <br />impact fee consists primarily of sales tax revenues. These calculations assume that the sales <br />tax will not be re -adopted in 2019. If the sales tax is re -adopted, the Affordable Growth <br />calculations should be reviewed to see if a revision is necessary. In addition, the County is <br />targeting non-residential land uses for potential discounts and the parks and recreation fees <br />are charged only to residential land uses. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 101 Impact Fee Update Study <br />134 <br />