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Indian River County 1 Impact Fee Update Study <br />• Calculated Parks & Recreation Facilities Impact Fee Schedule <br />• <br />• <br />Table IX -9 presents the calculated parks and recreation impact fee schedule developed for <br />residential land uses. As previously mentioned, only residential development within <br />unincorporated Indian River County is assessed a parks and recreation impact fee. <br />Table IX -9 <br />Calculated Parks & Recreation Impact Fee Schedule <br />it I <br />Impact , <br />Land Use <br />k' Unit <br />• i <br />Residential <br />I <br />Residents , <br />per Unitl'I <br />I <br />Net Cost <br />per <br />Resident �ZI <br />Net <br />Impact <br />(3) <br />( - Fee 1 <br />Administrative <br />1 <br />Feel4l I <br />_ _ _ - Jt_ <br />Total <br />Impact <br />_Fee Is) <br />Current <br />Adopted <br />- (6) <br />Fee <br />Percent <br />Changein: <br />Single <br />Family <br />(less than 1,500sf) <br />du <br />2.09 <br />$835.50 <br />•••,$1746.20 <br />'F$43.66 <br />$1,789.86 <br />$1,334.42 <br />34.1% <br />Single <br />Family <br />(1,500 to 2,499 sf) <br />du <br />2.27 <br />$835'x`50 <br />;$%,896.59 <br />'$47.41 <br />.$1,944:00 <br />$1,499.45 <br />29.6% <br />Single <br />Family <br />(2,500 sf or <br />greater) <br />du <br />2.53 <br />.$835:50'$2,113.82 <br />$52`85 <br />:$2,166.67 <br />$1,626.45 <br />33.2% <br />Multi-Family/Accessory Unit <br />du <br />1.30 <br />$835!50 <br />$1,086.15 <br />$27.15 <br />$1,113.30 <br />$906.17 <br />22.9% <br />Mobile Home/RV Park <br />(tied down) <br />du <br />1.30 <br />$835;50 <br />$1,086.15 <br />$27.15 <br />$1,113.30 <br />$965 68 <br />15.3% <br />(1) Source: Appendix A, Table A-3 <br />(2) Source: Table IX -8 <br />(3) Residents per unit (Item 1) for each <br />!7 <br />landtuse,category <br />multipl edthy <br />net cost per <br />resident <br />St <br />(Item 2) <br />(4) An administrative fee is assessed at2 5% of'thernet impact leek( enn 3) <br />(5) Sum of the net impact fee (Item 3) and the,admihistrative fee (It4) <br />(6) Source: Indian River County. Fees shown include a 2 5%-administratib'fee. <br />"wk,. <br />(7) Percent change from the rent adopted rates (Item 4) to the calculat� <br />curtotal impact fee rate (Item 3) <br />` S < <br />..'< <br />Based on a` V:iew.of capitaLexpansit n<lexpenditures between 2008 and 2017, the County <br />Vie <br />will use approximately $639,000Fper year of non -Impact fee funding over the next five years <br />and $24,000 per year afterwards:t.As mentioned previously, during the next 25 years, the <br />Wiz. <br />County Is expected to grow: at an annual rate of 1.4 percent. Figure IX -1 presents how <br />impact fee levels would change over time with different growth rates. The maximum <br />calculated fee is compared iinvestment needed to maintain the current adopted LOS <br />standard. Although theCounty may charge the maximum amount of parks and recreation <br />impact fee calculated, theCounty needs approximately 92 percent of the maximum impact <br />fee revenues to maintain the current LOS. As mentioned previously, the available non- <br />impact fee consists primarily of sales tax revenues These calculations assume that the sales <br />tax will not be re -adopted in 2019. If the sales tax is re -adopted, the Affordable Growth <br />calculations should be reviewed to see if a revision is necessary. In addition, the County is <br />targeting non-residential land uses for potential discounts and the parks and recreation fees <br />are charged only to residential land uses. <br />Affordable GrowthEStrategy <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />98 Impact Fee Update Study <br />