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ORDINANCE NO. 2020-005 (1) The existing public education facilities are not sufficient to accommodate anticipated new development without decreasing the existing levels of service. (2) For impact fee calculation purposes, the public education facilities level of service standard is one (1) permanent student station per student, which includes an average of 147.7 permanent net square footage per station and twenty -€ems theusand one hundred and-few4een twenty thousand seven hundred and nine dollars ($420,709.00) of capital investment per student. (3) Generally, existing revenue sources are not sufficient to fund capital improvements necessary to accommodate new development. CHAPTER 1010. - TRAFFIC FACILITIES AND FAIR SHARE ROADWAY IMPROVEMENTS Section 1010.05. - Use of funds collected and trust funds. (1) Intent. Any "fair share roadway improvement fees" collected pursuant to the terms of this article are expressly designated for accommodation of impacts reasonably attributable to the proposed land development activity generating traffic as hereinafter provided in this section. (2) There is hereby established the "fair share roadway improvements trust fund" (trust fund) for the purpose of ensuring that the fees collected pursuant to this chapter are designated for the accommodation of impacts reasonably attributable to the proposed land development activity generating traffic and are consistent with the Indian River County Comprehensive Plan. The trust fund shall be divided into tIree-(two2 separate trust accounts, one (1) for each district as shown on the current impact fee benefit district map which is attached hereto and incorporated herein by reference. Impact fees collected and deposited into the bffial nine previous three (3) trust accounts prior to the effective date of this ordinance shall be expended in the original district in which they were collected until all funds within said districts have been expended according to the provisions of this ordinance. The original impact fee district boundaries are shown on the interim impact fee benefit district map a ** a to and to herein by fe f roneo located in the Indian copy of which is u«,��e�� c:Y.,.��.,.....,..,... ,,, ..,_.,_.,._., River Community Development Department. Section 3. Appendix A. Impact Fee Schedules Appendix A, Impact Fee Schedules, of Title X, Impact Fees, of the Code of Indian River County for the unincorporated Indian River County and municipalities is hereby replaced with adepted alis the attached as Appendix A.