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Indian River County 1 Impact Fee Update Study <br />120% - <br />100% <br />80% <br />to <br />• 60% <br />co <br />40% <br />20% <br />Figure VIII -1 <br />Parks and Recreation Impact Fee — Affordable Growth Strategy <br />92% <br />— Total Cost <br />—Maximum Impact Fee - <br />- LOS Curve <br />0% <br />0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% <br />Annual Growth Rate <br />Table VIII -10 presents discounted impact fee schedule. <br />Table VIII -10 <br />Calculated Parks & Recreation Impact Fee Schedule — Affordable Growth <br />Land Use <br />Residential;'. <br />Affordable <br />Impact Growth <br />Unit Adoption <br />Rateill <br />Total Current <br />Impact Adopted <br />Fee(2) Fee(3) <br />Percent <br />Change(4) <br />Single Family (less than 1,000sf) <br />du <br />92% <br />$1,560 <br />$1,302 <br />19.8% <br />Single Family (1,000 to 1,499sf) <br />du <br />92% <br />$1,684 <br />$1,302 <br />29.3% <br />Single Family (1,500 to 2,499 sf) <br />du <br />92% <br />$1,791 <br />$1,463 <br />22.4% <br />Single Family (2,500sf or greater) <br />du <br />92% <br />$1,991 <br />$1,587 <br />25.5% <br />Multi-Family/Accessory Unit <br />du <br />92% <br />$1,022 <br />$884 <br />15.6% <br />Mobile Home/RV Park (tied down) <br />du <br />92% <br />$999 <br />$942 <br />6.1% <br />(1) Calculated based on an average annual spending of $639,000 for the next 5 years and $24,000 per year <br />afterwards, and an average annual growth rate of 1.4% over the next 25 years <br />(2) Total impact fee from Table VIII -9 (Item 5) multiplied by the affordable growth adoption rate (Item 1) <br />(3) Source: Indian River County. Fees do not include the administrative fee <br />(4) Percent change from the current adopted rates (Item 3) to the calculated total impact fee rate (Item 2) <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />June 2014 102 Impact Fee Update Study <br />I37 <br />