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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Table D-4 <br />Equivalent Penny Calculation for State Portion <br />_ <br />Projected TIP (FY 2014 <br />Source <br />2018)1�1 <br />11 <br />Cost of <br />Projects <br />i <br />Number ofEquivalent <br />Years <br />- <br />P Revenue , <br />from 3i <br />L- Penny -.-u.i <br />ii - <br />1 Pennies (4) <br />i <br />- <br />$38,959,997 <br />5 <br />$739,909 <br />$0.105 <br />Historical Work Program <br />(FY 2009-2013)(2) <br />$75,954,895 <br />5 <br />$739,909 <br />$0.205 <br />Total <br />$114,914,892 <br />10 <br />$739,909 <br />40.155 <br />(1) Source: Table D-7, total cost of expansion projects <br />(2) Source: Table D-7, total cost of expansion projects <br />(3) Source: Table D-1 <br />(4) Cost of projects divided by number of years divided by revenue from 1 penny (Item 4) divided by 100 <br />.& <br />silte <br />Vat <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />D-5 Impact Fee Update Study <br />