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Indian River County 1 Impact Fee Update Study <br />portion of the cost of building a lane mile of capacity directly related to the amount of <br />capacity consumed by each unit of land use contained in the impact fee schedule that is not <br />paid for by future tax revenues generated by new development. <br />It should be noted that the information used to develop the impact fee schedule was based <br />on the most recent, reliable, and localized data available. The following input variables <br />used in the fee equation: <br />Demand Variables: <br />• Trip generation rate <br />•, Trip length <br />• Percent new trips <br />• Interstate and toll facility discount factor <br />Cost Variables: <br />• Cost per lane mile <br />• Capacity added per lane mile <br />Credit Variables: <br />• Equivalent gas tax credit (pennies) <br />• Present worth <br />• Fuel efficiency <br />• Effective days per year <br />A review of impact fee variables and corresponding recommendations are presented in the <br />following subsections. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 106 Impact Fee Update Study <br />l4I <br />