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Indian River County 1 Impact Fee Update Study <br />• $/Gallon to Capital = the amount of gas tax revenue per gallon of fuel that is used for <br />capital improvements, in $/gallon ($0.211 for gas tax; $0.111 for sales tax). <br />• Fuel Efficiency= average fuel efficiency of vehicles, in vehicle-miles/gallon (18.19). <br />Transportation Impact Fee Calculation <br />Using these inputs, a net impact fee can be calculated for the single-family residential <br />detached land use (1,500-2,499 sf) category as follows: <br />Total Impact Cost = ([7.81 * 6.62 * 1.0] /2) * (1 - 0.173) * ($313.87) = $6,710 <br />Annual Sales Tax Credit = ([7.81 * 7.12 * 1.0] /2) * 365 * ($0.111 /18.19) = $62 <br />Sales Tax Credit = $62 * 4.6458 = $288 <br />Annual Credit for Gas Tax and Other Sources = ([7.81 * 7.12 * 1.0] /2) * 365 * ($0.211 <br />/18.19) _ $118 <br />Gas Tax Credit = $118 * 18.4244 = $2174 <br />Total Credit =$288 + $2,174 = $2,462 <br />Net Impact Fee = $6,710 — $2,462 = $4,248 <br />A comparison of calculated fee schedule to the current adopted fee by land use is presented <br />in Table IX -7. The detailed fee schedule that includes the calculations shown above is <br />presented in Appendix E, Table E-1. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 120 Impact Fee Update Study <br />15- <br />