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Indian River County 1 Impact Fee Update Study <br />issued building permits to reflect the fact that the development (and therefore the <br />need for new infrastructure capacity) will not occur. <br />Finally, it should be noted that the payment of impact fees on a given parcel relieves <br />future owners or developers of that parcel from the need to pay fees for those <br />impacts in the future, which, presumably, is reflected in the value of the parcel, even <br />if there is a subsequent change of use. In this sense, the individual's investment in <br />impact fees can be "recouped," so to speak in the value added to the parcel. <br />This technical report has been prepared to support legal compliance with existing case law <br />and statutory requirements. Although the Florida courts have yet to expressly address the <br />methodology underpinning the Affordable Growth Strategy, this aspect of the report is <br />based on the long-standing legal standards described in this section. The technical report <br />also documents the methodology components for each of the impact fee areas in the <br />following sections, including an evaluation of the inventory, service area, level -of -service <br />(LOS), cost, credit, and demand components. Information supporting this analysis was <br />obtained from the County and other sources, as indicated. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 10 Impact Fee Update Study <br />