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Indian River County 1 Impact Fee Update Study <br />• Annual Gas/Sales Tax = ((Trip Rate x Total Trip Length x % New Trips] / 2) x (Effective Days <br />• <br />• <br />per Year x $/Gallon to Capital) / Fuel Efficiency <br />Each of the inputs has been discussed previously in this document; however, for purposes <br />of this example, brief definitions for each input are provided in the following paragraphs, <br />along with the actual inputs used in the calculation of the fee for the single-family detached <br />residential land use (1,500-2,499 sf) category: <br />• Trip Rate = the average daily trip generation rate, in vehicle-trips/day (7.81). <br />• Assessable Trip Length = the actual average tripflengfor the category, in vehicle -miles <br />(6.62). <br />• Total Trip Length = the assessable trip length plus an adjustment factor of half a mile, <br />which is added to the trip length to account for the fact that gastaxes are collected for <br />travel on all roads including local roads (6!62'+ 0.50 = 742). <br />ate. <br />that are alreadyonthe roadway <br />tketfea <br />• % New Trips = adjustment factor to account <br />(100%). <br />• Divide by 2 = the total daily miles offtravel generated by a particular category (i.e., <br />rate*Iength*% new trips) is divided. by two t _preventthedouble-counting of travel <br />: <br />