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INDIAN RIVER COUNTY IMPACT FEE ANALYSIS <br /> 2.4 Net Unit Investment Per mgd of Capacity <br /> The net unit investment per mgd of capacity in the water system is calculated by summing <br /> the unit capital investment and interest carrying charge and then subtracting the future <br /> _J principal payment credit.Exhibit 2-5 shows the resulting net unit charge per mgd for <br /> FY 1997 through FY 2001.During this period,the net unit investment per mgd of capacity <br /> 7 ranged from$3.7 million to$4.9 million per mgd. <br /> 2.5 ERU Capacity Requirements <br /> An ERU is defined in the County's impact fee ordinance and for this analysis as usage of <br /> 300 gallons per day. <br /> 2.6 Impact Fee per ERU <br /> The net unit investment per mgd of capacity in the water system was multiplied by the unit <br /> capacity requirements per ERU to derive the net unit investment per ERU.The net unit <br /> investment per ERU was averaged during the 5-year study period,to derive the proposed <br /> impact fee for the 5-year study period(FY 1997 through FY 2001).The proposed water <br /> impact fee per ERU is$1,300. <br /> 2.7 Change From Existing Fees <br /> The current water impact fee,which has been in effect since 1993,is$1,570 per ERU.The <br /> proposed water impact fee would reduce this fee by$270 or 17 percent.The change in the <br /> impact fee reflects changes in capital improvement expenditures,capital investment in the <br /> system,refinancing of the utility's outstanding debt,and other changes. <br /> OF6�1ZO73.DOC <br /> 2-7 <br />