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6.0 An analysis of the impact on small businesses as defined by Section 288.703, F.S., and <br />an analysis of the impact on small counties and small cities as defined by Section 120.52, F.S. <br />There will be little impact on small businesses because of the establishment of the District. If anything, <br />the impact may be positive because the District must competitively bid all of its contracts and <br />competitively negotiate all of its contracts with consultants over statutory thresholds. This affords <br />small businesses the opportunity to bid on District work. <br />Indian River County has a population of 159,788 according to the Census 2020 conducted by the <br />United States Census Bureau and is therefore not defined as a "small" county according to Section <br />120.52, F.S. <br />7.0 Any additional useful information. <br />The analysis provided above is based on a straightforward application of economic theory, especially <br />as it relates to tracking the incidence of regulatory costs and benefits. Inputs were received from the <br />Petitioner's Engineer and other professionals associated with the Petitioner. <br />In relation to the question of whether the proposed LP Community Development District is the best <br />possible alternative to provide public facilities and services to the project, there are several additional <br />factors which bear importance. As an alternative to an independent district, the County could establish <br />a dependent district for the area or establish an MSBU or MSTU. Either of these alternatives could <br />finance the improvements contemplated in Tables 1 and 2 in a fashion similar to the proposed District. <br />There are a number of reasons why a dependent district is not the best alternative for providing public <br />facilities and services to the LP development. First, unlike a CDD, this alternative would require the <br />County to administer the project and its facilities and services. As a result, the costs for these services <br />and facilities would not be directly and wholly attributed to the land directly benefiting from them, as <br />the case would be with a CDD. Administering a project of the size and complexity of the development <br />program anticipated for the LP development is a significant and expensive undertaking. <br />Second, a CDD is preferable from a government accountability perspective. With a CDD, residents <br />and landowners in the District would have a focused unit of government ultimately under their direct <br />control. The CDD can then be more responsive to resident needs without disrupting other County <br />responsibilities. By contrast, if the County were to establish and administer a dependent Special <br />District, then the residents and landowners of the LP development would take their grievances and <br />desires to the County Commission meetings. <br />Third, any debt of an independent CDD is strictly that District's responsibility. While it may be <br />technically true that the debt of a County -established, dependent Special District is not strictly the <br />County's responsibility, any financial problems that a dependent Special District may have may reflect <br />on the County. This will not be the case if a CDD is established. <br />Another alternative to a CDD would be for a Property Owners' Association (POA) to provide the <br />infrastructure as well as operations and maintenance of public facilities and services. A CDD is <br />superior to a POA for a variety of reasons. First, unlike a POA, a CDD can obtain low-cost funds <br />from the municipal capital market. Second, as a government entity a CDD can impose and collect its <br />assessments along with other property taxes on the County's real estate tax bill. Therefore, the District <br />is far more assured of obtaining its needed funds than is a POA. Third, the proposed District is a unit <br />11 121 <br />