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Comprehensive Plan Transportation Element Transportation impact fees are county fees imposed on new development to cover the costs of anticipated roadway capacity improvements. Enacted in 1986, the County's traffic impact fee ordinance establishes a traffic impact fee that is based on a formula related to the projected traffic impacts of proposed developments. Originally, the county established nine (9) separate impact fee districts. Each of the nine districts imposed a different impact fee for each different type of development. Currently, there is one county traffic impact fee for each different type of development, and fees are now collected within three (3) traffic impact fee districts. According to county regulations, the revenue must be spent for transportation system capacity producing improvements in the district from which it was obtained. During the FY 2005/06 development "boom", total impact fee revenue collected was $32,844,618.21$36,297,000.00. Since After that time; during the "great recession", however, new revenue has -declined significantly but has stabilized to a modest level of $5,704,000.00 in FY 2016/17. Tables 4.8A and 4.8B summarize transportation capital and operating revenues for all state and local financing mechanisms through the planning time horizon of the Comprehensive Plan. Through 2030, state and federal capital revenue is expected to be $195 million, while total capital revenues for the county are estimated at $461 million. This includes all impact fee and gas tax revenue sources for the county. It also includes enhanced revenues through 2030 in the form of revised impact fees, continuation of the 1 -cent sales tax, and, beginning in 2010, imposition of the second local option gas tax. Operating and maintenance revenues for the county total an estimated $251.7 million through this same time horizon. • Transit Revenues With respect to the transit system, grant funding remains the most significant source of revenue. In 20052018, the MPO and County were awarded over $2,700,000$4,300,000 for transit operating and capital expenses from federal and state grants. This total included assistance from the FTA Section 5303 (planning), 5307 (operating and capital), 5310 (paratransit) and 5311 (rural pubic transportation) programs and the state Public Transportation Block Grant, Intermodal Grant, Service Development Grant, and -Transportation Disadvantaged Trust Fund programs, and Indian River County. External Costs Included in each MPO Long Range Transportation Plan are projected costs related to construction, operation, and maintenance of proposed roadway facilities over a 25 -year period. Not all of the costs of the transportation system, however, are considered in the long range plan. Costs which are the indirect result of a project or activity areknown by economists as externalities. With respect to transportation, externalities are the costs generated by automobile travel, but paid for by sources other than gas taxes and transportation impact fees. Taken together, the cost of externalities may exceed the actual cost of building and maintaining roadways. Externalities Community Development Department Indian River County 69 APPENDIX A - Transportation Amendments