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Indian River County 1 Impact Fee Update Study <br />continue to degrade, the high growth projection is used in the affordable growth <br />calculations for the transportation impact fee. <br />Based on this scenario, the County would need approximately 90 percent of the fee for all <br />land uses, as long as an additional funding of $10 million per year is available for the next <br />five years and $2.7 million per year afterwards, with an average annual population growth <br />rate of 2 percent. As presented in Figure IX -1, the red horizontal line represents the <br />maximum technically acceptable fee. Although the County may charge the maximum <br />amount of transportation impact fee calculated, if the estimated levels of non -impact fee <br />funding continue to be available, the County could adopt the impact fee at approximately <br />90 percent for all land uses and continue to maintain the adopted LOS standard. <br />Alternatively, if the County adopts the residential land uses at 100 percent, the fees for non- <br />residential land uses could be reduced by up to 55 percent (or adopted at 45 percent) to <br />maintain the adopted LOS standard. As mentioned previously, the level of discount is more <br />of a policy decision and could be at any level between the minimum levels calculated in this <br />section and 100 percent. <br />0 <br />u <br />co <br />12096 <br />100% <br />80% <br />60% <br />40% <br />2096 <br />Figure IX -1 <br />Transportation Impact Fee – Affordable Growth Strategy <br />Adopted LOS Standard <br />i <br />IRC Average <br />Annual Growth <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% 10.0036 <br />Annual Growth Rate <br />Table IX -8 presents discounted impact fee schedule. <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />June 2014 123 Impact Fee Update Study <br />1.53 <br />