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bigger chunks, we would get it in smaller increments over a period of time. That may have the disadvantage of lengthening the time to do the projects. One way to avoid that would be to bond impact fees, but bond issuance costs raise the entire cost of everything. It is also difficult to finance impact fees because of some of the unknowns with impact fees. Another cost to the County would be the administrative cost of servicing the loans, and there is the risk of default even though we would have a lien securing the impact fees amount. Director Keating stressed that staff's question is whether the overall benefits outweigh the costs. Transportation Public Works Director Jim Davis advised that the financing of impact fees would limit the cash flow in the road building funds. At the present time, we try to project cash flow on a yearly basis and when a cash flow is diminished by lesser impact fees received in the beginning years, we try to make that up with local option gas tax revenues and that is split with the Constitutionals. So, there is some immediacy in the county for using that money for arterial and collector roads. Many large and even smaller developments are taking advantage of traffic impact fee credit agreements. Credit agreements are written in cases where people are donating right-of-way in lieu of paying impact fees. 'A change 4 0 would diminish our ability to pay for that impact fees over a number of years. Commissioner Bird didn't see us enacting an additional gas tax unless it proves to be necessary in the future to meet our future transportation needs. OPTIONAL GAS TAX GAS TAX PER .01 $518,264 MULTIPLY BY 6 6 TOTAL $3,109.594 MAY 189 1995 29 Boos 95 PnE 138 INDIAN RIVER INDIAN TOTAL COUNTY VERO RIVER COUNTYWIDE UNINCORP. BEACH SEBASTIAN SHORES FELLSMERE PERCENT OF GAS TAX 100.0000% 67.5703% 19.4239% 9.9052% 1.1435% 1.9571% BEIM5 DOLLAR AMOUNT 1 $3,109,584 1 $2,101,155 1 $604,002 $308,011 $35,558 $60 858 MAY 189 1995 29 Boos 95 PnE 138