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Indian River County 1 Impact Fee Update Study <br />Cost Component <br />Table III -2 presents a summary of asset value related to the solid waste impact fee and <br />resulting value per resident ($94 per person). It should be noted that this amount also <br />reflects an average annual residential solid waste generation rate of 0.7 tons per capita per <br />year. <br />Table III -2 <br />Net Impact Cost per Resident <br />Capital Asset Component <br />Total BuildingValuelll <br />Total Land Value(2) <br />Total Asset Valuel3) <br />2013 Population(4) <br />Total Solid Waste Asset Value per Resident(5) <br />Percent of <br />Figure Total <br />Value(6) <br />$13,000,000 <br />$962,000 <br />$13,962,000 <br />148,001 <br />$94.34 <br />93% <br />7% <br />100% <br />(1) Source: Table III -1 <br />(2) Source: Table III -1 <br />(3) Sum of the total building value (Item 1) and the total land value (Item 2) <br />(4) Source: Appendix A, Table A-1; Countywide <br />(5) Total asset value (Item 3) divided by population (Item 4) <br />(6) Each component divided by total asset value <br />Credit Component <br />To avoid overcharging new development for the solid waste facility impact fee, a review of <br />the capital financing program for customer care facilities was completed. The purpose of <br />this review was to determine any potential revenue credits generated by new development <br />that are being used for expansion of capital facilities and land included in the inventory. <br />As presented in Table III -3, the County uses an average annual amount of approximately <br />$252,000 of the SWDD's revenues toward the construction/expansion of customer <br />convenience center expansion. This amount results in an annual expenditure of <br />approximately $1.62 per resident, which is used the calculated the impact fee credit. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 28 Impact Fee Update Study <br />�3 <br />