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Indian River County 1 Impact Fee Update Study Affordable Growth Strategy In the case of correctional facilities, based on a review of capital expansion expenditures between Fiscal Years 2008 and 2017, the County uses approximately $2.3 million per year of non -impact fee funding. During the next 25 years, Indian River County is expected to grow at an average annual rate of 1.4 percent. Figure 11-1 presents how impact fee levels would change over time with different growth rates. As shown, the red horizontal line represents the maximum impact fee calculated in this report. This level is considered the investment needed to maintain the current LOS. Although the County may charge the maximum amount of correctional facilities impact fee calculated, if the historical levels of non -impact fee funding were to be continued, the County would not need any impact fee revenue to continue to maintain the current LOS. It should be noted that the historical average non -impact fee contribution is based on spending made for the last jail expansion, which was completed in 2008. Since then, the County did not have any non -impact fee spending and does not have any capacity expansion projects programmed in the CIP. This is reflective of "lumpy" nature of jail construction in that correctional facilities tend to require large scale investments that provide sufficient capacity for a longer term than most other infrastructure types. As mentioned previously, the current jail population is approximately 75 percent of the jail functional capacity. 300% — 250% 20096 - t7 jo 150% s 100% - 50% 0% Figure 11-1 Correctional Facilities Impact Fee — Affordable Growth Approach IRC Average Annual Growth —Total Cost —Maximum Impact Fee - LOS Curve 0.00% 1.00% 2.00% 3.0096 4.0096 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% Annual Growth Rate Tindale -Oliver & Associates, Inc. Indian River County June 2014 23 Impact Fee Update Study 5$