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1.Introduction <br />1) An increase to a current impact fee rate of not more than 25 percent of the current rate must be <br />implemented in two equal annual increments beginning with the date on which the increase fee is <br />adopted. <br />2) An increase to a current impact fee rate which exceeds 25 percent but is not more than 50 percent <br />of the current rate must be implemented in four equal installments beginning with the date the <br />increased fee is adopted. <br />3) An impact fee increase may not exceed 50 percent of the current impact fee charges rate. <br />4) An impact fee may not be increased more than once every 4 years. <br />5) An impact fee may not be increased retroactively for a previous or current fiscal year or calendar <br />year. <br />6) A local government, school district, or special district may increase an impact fee rate beyond the <br />phase-in limitations listed above under 1), 2), 3), and 4) provided the following criteria are meta: <br />a. A demonstrated needs study has been completed within the 12 months prior to the adoption of <br />the proposed impact fee increase, expressly demonstrating the extraordinary circumstances <br />necessitating the need to exceed the phase-in limitations. <br />b. The local government jurisdiction has held not less than two publicly noticed workshops <br />dedicated to the extraordinary circumstances necessitating the need to exceed the phase-in <br />limitations. <br />c. The impact fee increase ordinance is approved by at least a two-thirds vote of the governing <br />body. <br />The development of updated impact fees for IRCDUS documented in this Study was done consistent with <br />these guidelines and practices for impact fees in Florida. <br />1.3 METHODOLOGY <br />There are three primary approaches for the calculation of water and sewer impact fees: <br />Buy -In — Relies on the value of the utility's existing assets as the basis for the fee calculation. This <br />approach is most appropriate for a system with considerable excess capacity such that most new <br />connections to the system will be served by that existing available capacity. <br />Incremental — Relies on planned multi-year capital plan with projects associated with the provision of <br />additional system capacity as the cost basis for the fee. This approach is most appropriate where 1) <br />the existing system has limited excess capacity to accommodate growth, and 2) the CIP has a <br />3 The statute does not apply to water and sewer connection fees. Fla. Stat. § 163.31801 (12) (2023). <br />�� 112 <br />