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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown; County Administrator FROM: Stan Boling, Al116 ommunity Development Director DATE: September 23, 2 SUBJECT: Adoption of Revised Building Permit Fee Schedule, Reducing Permit Fee Valuation Factor by Five Percent It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of October 4, 2016: BACKGROUND The Building Division is one of several county enterprise funds. Consequently, Building Division activities and expenses are funded solely from Building permit and related fees charged and collected by the Building Division. Expressed another way, fee payers (not tax payers) fund all Building Division activities and expenses. Over the last three years, building permit activity has increased significantly. With increased activity levels, various expenses have increased, (staffing, supplemental services, capital items) but overall revenues have increased more. As a result, staff has determined that a modest fee valuation factor reduction of 5% is warranted. At the July 2016 budget workshop and at a subsequent September 2016 budget hearing, the County Administrator informed the Board of an October 2016 planned 5% reduction and Board members expressed support for the planned fee reduction. Staff is set to implement the fee reduction on the first work day in October (Monday, October 3, 2016) and seeks the Board's formal approval of the fee reduction via a revised building permit fee schedule. ANALYSIS Staff has reviewed trends for revenues and expenses as well as future needs and determined that a modest reduction in fees based on job value can be sustained while providing a benefit to fee payers. MAAGENDA\Current Year\2016Wdoption of Revised Building Permit Fee Scbedule, Reducing Permit Fee Valuation Factor by Five Percent 100416.docx 186