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• <br />• <br />• <br />Indian River County 1 Impact Fee Update Study <br />12096 <br />10096 <br />Figure IX -1 <br />Parks and Recreation Impact Fee — Affordable Growth Strategy <br />80% — <br />tn <br />6096 <br />40% - <br />2096 <br />0% <br />• <br />IRC Annual <br />Average Growth, <br />•Total `Cost <br />:Maximumampact<Fee <br />ies uriie; <br />• <br />0.0096 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.0096 <br />Annual Growth Rate <br />Table IX -10 presents discounted impacttfeeschedule. <br />Table IX 1U F; <br />Calculated,Parks& Recreation Impact FeSchedule Affordable Growth <br />• <br />(1) Calculated based on a average annual spending of $639,000 for the next 5 years and $24,000 per year <br />afterwards and an average annual growth rate of 1.4% over the next 25 years <br />(2) Total impact fee from Table IX -9 (Item 5) multiplied by the affordable growth adoption rate (Item 1) <br />(3) Source: Indian River County. Fees shown include a 2.5% administrative fee. <br />(4) Percent change from the current adopted rates (Item 3) to the calculated total impact fee rate (Item 2) <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />99 Impact Fee Update Study <br />I <br />-- <br />--- <br />Land Use <br />- -r- <br />1Impact <br />Unit <br />Affordable <br />Growth <br />AdoptionFeel�1 <br />Rate (1) <br />Total <br />Impact <br />Current <br />Adopted <br />Fee13% <br />Percent <br />Chang e�41 <br />Residential <br />Single Family (less than 1r5 <br />o <br />sf) ' <br />du <br />92% <br />$1,646.66 <br />$1,334.42 <br />23.4% <br />Single <br />Fam <br />yft(1,500to 2,440)„ <br />92% <br />$1,788.48 <br />$1,499.45 <br />19.3% <br />Single Familyy:(2500sforgreate) <br />du <br />92% <br />$1,993.33 <br />$1,626.45 <br />22.6% <br />Multi-Family/Acc ssory Unit ,:$ <br />du <br />92% <br />$1,024.24 <br />$906.17 <br />13.0% <br />Mobile Home/RV Pak (tied,do n) <br />du <br />92% <br />$1,024.24 <br />$965.68 <br />6.1% <br />(1) Calculated based on a average annual spending of $639,000 for the next 5 years and $24,000 per year <br />afterwards and an average annual growth rate of 1.4% over the next 25 years <br />(2) Total impact fee from Table IX -9 (Item 5) multiplied by the affordable growth adoption rate (Item 1) <br />(3) Source: Indian River County. Fees shown include a 2.5% administrative fee. <br />(4) Percent change from the current adopted rates (Item 3) to the calculated total impact fee rate (Item 2) <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />99 Impact Fee Update Study <br />