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3. Results <br />The calculated water impact fee represents an increase which exceeds 50%. Therefore, in <br />consideration of a conservative application of the requirements of the Florida Impact Fee Act12 as <br />summarized in Section 1.2 Legal Requirements herein, the County may consider the maximum <br />allowable phasing which is summarized in Error! Reference source not found.. <br />Table 8 - Proposed Impact Fees (per ERU) <br />Service <br />Existing <br />FY 2025 <br />FY 2026 <br />FY 2027 <br />FY 2028 <br />Water <br />$1,300 <br />$1,463 <br />$1,626 <br />$1,789 <br />$1,952 <br />Sewer <br />$2,796 <br />$2,624 <br />$2,624 <br />$2,624 <br />$2,624 <br />■ Consistent with the requirements of the Florida Impact Fee Act, the reduced sewer impact fee <br />should be implemented upon adoption by the Indian River County Board of County Commissioners <br />(BCC) while the phased -in increases to the water impact fees may not be implemented until at least <br />90 days following adoption by the BCC. <br />• IRCDUS should continue the existing application method of impact fees which is based on ERUs <br />for new connections. <br />• Stantec recommends that IRCDUS review these fees periodically (i.e., approximately every four <br />years) to ensure that they remain fair and equitable and continue to reflect its current cost of <br />capacity. As IRCDUS experiences continued growth and expansion, changes in system capacity, <br />future changes in technology, demands, development patterns, or other factors may necessitate <br />additional adjustments to its water and sewer impact fees. <br />12 The statute does not apply to water and sewer connection fees. Fla. Stat. § 163.31801 (12) (2023). Observing <br />these limitations, Stantec has conservatively applied this to the County's water and sewer capital expansion fees. <br />M 126 <br />