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Indian River County 1 Impact Fee Update Study technical report includes the final calculations for residential land uses in addition to non- residential land uses. It should be noted that figures calculated in this study represent the technically defensible level of impact fees that the County could charge; however, the Board of County Commissioners may choose to discount the fees as a policy decision. In fact, in addition to using the affordable growth fees, the "Staff Recommended Fees" shown in Appendix K include policy discounts proposed by the Indian River County staff for certain program areas, primarily based on a consideration of future capital needs. More specifically, these discounts include the following: • Use of full calculated fees for emergency services program area • Application of a 50 -percent reduction to affordable growth scenario for public buildings impact fees for all land uses • Application of a 25 -percent reduction to affordable growth scenario for parks and recreation facilities impact fees for all land uses • Suspension of the library impact fees Methodology The methodology used to update the County's impact fee program is a consumption -based impact fee methodology, which is used throughout Florida. This methodology was also used in preparing the 2004 and 2005 technical reports for Indian River County and is the basis for the current adopted fees. A consumption -based impact fee charges new development based upon the burden placed on services from each land use (demand). The demand component is measured in terms of population per unit of land use in the case of all impact fee program areas with the exception of educational facilities and transportation. In the case educational facilities, student generation rate is used and in the case of transportation, vehicle -miles of travel is used. A consumption -based impact fee charges new growth the proportionate share of the cost of providing additional infrastructure available for use by new growth. Cost estimates reflect the current value of capital assets for each program area (i.e., the cost to buy or build the same asset today). In addition, per legal requirements, a credit is subtracted from the total cost to account for contributions of the new development toward any capacity expansion projects through other revenue sources. Contributions used to calculate the credit component include estimates of future non -impact fee revenues generated by the new development that will be used toward Tindale -Oliver & Associates, Inc. Indian River County June 2014 2 Impact Fee Update Study 37