Laserfiche WebLink
• <br />Indian River County 1 Impact Fee Update Study <br />X. Transportation <br />Indian River County's Transportation Impact Fee Ordinance was most recently updated in <br />2009 to assist the County in providing adequate transportation facilities for expected <br />growth. This section of the impact fee report provides the results of the transportation <br />impact fee analysis and consists of the following sections: <br />• Demand Component <br />• Cost Component <br />• Credit Component <br />• Calculated Transportation Impact Fee/Schedule <br />• Affordable Growth Strategy <br />• Transportation Impact Fee Schedule Comparison <br /><� , n <br />As in the case of other impact>fee4.pr..ogram areas;. the methodology used for the <br />transportation impact fee study follows "a consumption- ased impact fee approach, in <br />which new development: scharged based upon .theproportion of vehicle -miles of travel <br />(VMT) that each unittof newtidevelopment isexpectedto onsume of a lane mile of roadway <br />n etwork. <br />Includedinthis`documert <br />a <br />transportation impact;fee. <br />given land use is: <br />The demand for travel placed on the transportation system is expressed in units of VMT <br />(daily vehicle -trip generate•rate times the trip length times the percent new trips [of total <br />trips]) for each land use contained in the impact fee schedule. The trip generation is <br />expressed in average daily rates since new development consumes trips on a daily basis. <br />The cost of building new capacity typically is expressed in units of dollars per vehicle mile or <br />lane mile of roadway capacity. The credit is an estimate of the future non -impact fee <br />revenues generated by new development that are allocated to transportation capacity <br />e xpansion construction projects. Thus, the impact fee is an 'up front" payment for a <br />portion of the cost of building a lane mile of capacity directly related to the amount of <br />necessary support material used in the calculation of the <br />general equation used to compute the impact fee for a <br />,[Demand x Cost] — Credit = Fee <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />102 Impact Fee Update Study <br />