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Indian River County 1 Impact Fee Update Study • The principle purpose of an impact fee is to assist in funding the implementation of projects identified in the Capital Improvements Element (CIE) and other capital improvement programs for the respective facility/service categories. Impact Fee vs. Tax • An impact fee is generally regarded as a regulatory function established as a condition for improving property and is not established for the primary purpose of generating revenue, as are taxes. • Impact fee expenditures must convey a proportional benefit to the fee payer. • An impact fee must be tied to a proportional need for new infrastructure capacity created by new development. Authority to Impose Impact Fees in Indian River County • IRC is a non -charter county. o A non -charter county derives its authority from the state constitution and statutory sources; o A non -charter county may adopt ordinances that are not inconsistent with general law; and o A non -charter county may adopt countywide ordinances that do not conflict with municipal ordinances. • The fiscal burden of providing countywide services must be borne by property owners in both the unincorporated and incorporated areas of the county. Implementation Issues This section addresses several considerations as part of the implementation of the impact fee program. Fee Calculations • Calculated impact fees represent a land use's proportionate impact on infrastructure over the life of that land use. For example, a home is likely to go through cycles where at times it houses one or two people, such as a young couple without children or a retired couple, etc. and at other times, a family with several children. The fees are calculated based on the average impact (occupancy) of a home or another land use over its lifetime. Tindale -Oliver & Associates, Inc. Indian River County June 2014 6 Impact Fee Update Study '11