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Indian River County 1 Impact Fee Update Study • In the case of tiered fees, such as single family residential, office and retail, a different fee for each tier is calculated to reflect the incremental increase in impact on facilities among land uses. This tiered approach increases the fairness and equity among land uses by differentiating the impact of different size buildings on a per unit basis. Any given increase in impact should be charged additional impact fees in order to reflect additional impact on facilities, if applicable, in order to maintain level of service standards and to ensure that existing residents and businesses are not unfairly bearing the burden of new growth. Timing of Fee Payments • Impact fees are typically collected at the building permit stage, which is also the practice used by Indian River County. This allows the County to plan for and build infrastructure needed to timely serve new growth and to effectively coordinate impact fee collections between the County and the municipalities. Fee Schedule Updates • Impact fee calculations should be updated every three to five years to ensure the fees are based on current data. This approach is useful in recognizing more permanent changes and trends as opposed to varying the fee based on short-term fluctuations. Alternative Studies/Individual Assessments • The County's impact fee ordinance currently outlines a process for alternative studies (individual assessments) for determining traffic impact fees when a proposed land use is not expressly included in the fee schedule. The primary considerations for alternative studies (individual assessments) include the following: o The focus of the alternative studies (individual assessments) is the demand component of the land use, which is the subject of the alternative study. Cost and credit components are calculated based on countywide facilities and investment levels and are not the subject of an alternative study. o The study should clearly identify the differences in the demand component of the actual use and the closest land use category in the fee schedule in order to verify the actual impacts of the proposed land use over the life of the use. For example, if not included in the fee schedule, a retirement community may have different demand characteristics than the average single family subdivision. However, this community must be restricted (with Tindale -Oliver & Associates, Inc. Indian River County June 2014 7 Impact Fee Update Study y2