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Indian River County 1 Impact Fee Update Study <br />Figure X-1 <br />Educational Facilities Impact Fee — Affordable Growth Approach <br />160% <br />140% <br />120% <br />60% <br />40% <br />20% <br />28% <br />0% <br />f <br />IRC Annual <br />Average Growth <br />—Total Cost <br />—Maximum Impact Fee <br />—LOS Curve <br />0.00% 1.00% 2.00% 3.00% 4.00% 5.0096 6.00% 7.00% 8.00% 9.00% 10.00% <br />Annual Growth Rate <br />Table X-11 presents the calculated impact fee using the 28 -percent adoption ratio. Under <br />this scenario, the fees would range from $668 for a multi -family home to $1,702 for a single <br />family home. <br />Table X-11 <br />Calculated Educational Facilities Impact Fee Schedule–Affordable Growth <br />Affordable Current <br />Total Impact <br />Growth (�) Adopted <br />Adoption Ratel' <br />e Fee(3) <br />Percent <br />Change(4) <br />Residential: <br />Single Family <br />Multi -Family <br />Mobile Home <br />du <br />du <br />du <br />28% <br />28% <br />28% <br />$1,702 <br />$668 <br />$1,026 <br />$1,756 <br />$500 <br />$623 <br />-3.1% <br />33.7% <br />64.7% <br />(1) <br />(2) <br />(3) <br />(4) <br />Source: Figure X-1 <br />Total impact fee from Table X-10 (Item 5) multiplied by the affordable growth adoption rate (Item 1) <br />Source: Indian River County Planning Division <br />Percent change from the current adopted fee (Item 2) to the total impact fee (Item 1) <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />June 2014 142 Impact Fee Update Study <br />/77 <br />