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• <br />Indian River County 1 Impact Fee Update Study <br />Calculated Transportation Impact Fee Schedule <br />The impact fee calculations for each land use are included in Appendix E, which includes the <br />major land use categories and the impact fees for the individual land uses contained in each <br />of the major categories. For each land use, Appendix E illustrates the following: <br />• Demand component variables (trip rate, trip length, and percent of new trips); <br />• Total impact fee cost; <br />• Annual gas tax credit; <br />• Present value of the gas tax credit; <br />• Net transportation impact fee; <br />• Current Indian River County impact fee;;and <br />'vs 2er <br />• Percent difference between the calculated impact fee and the current impact fee. <br />• <br />It should be noted that the net impact fee illus ated n` Appendix E is not necessarily a <br />„ <br />recommended fee, but instead represents'<the technically; defensible impact fee per unit of <br />land use that could be charged in Indian; RiverCounty. <br />For clarification purposes, the :calculation of an <br />impact fee for one land use category is <br />presented. In the following example, the net/impact fee Nktrecalculated for the single-family <br />residential detached landr;use category (ITE LUC&..210) using information from the impact fee <br />mcluded in Appendix, E, Table E;1. For each land use category, the following <br />t <br />to4calculate the net irnpact^fee: <br />schedule <br />equations are utilized <br />Net Impact Fee = Total Impact Cost - Gas Tax Credit <br />Where: <br />Total Impact Cost = ((Trip Rate x Assessable Trip Length x % New Trips] / 2) x (1 — <br />Interstate/Toll Facility Disc. Factor) x (Cost per Vehicle -Mile of Capacity) <br />Gas Tax Credit = Present Value (Annual Gas Tax), given 2.5% interest rate & 25 -year <br />facility life <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />115 Impact Fee Update Study <br />