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Indian River County 1 Impact Fee Update Study • Executive Summary • In response to high growth levels and the need to provide infrastructure to support this growth, Indian River County (IRC) implemented a Transportation Impact Fee in 1986. In 2005, the County adopted impact fees in eight more program areas. The technical studies for all program areas were updated in 2007; however, these technical studies were not adopted. Of the nine program areas, only the transportation impact fee was later updated substantially in 2009 by an internally generated County update using data from the 2005 and 2007 studies, resulting in a fee reduction for almost allthe land uses. The eight non - transportation program fees were slightly modified 'itmthe 2009 update. Since then, the County suspended the collection of five impactfee°types to promote construction during the economic downturn, and more recently extended suspension of correctional facilities, te. solid waste, and public buildings impact fees: Those three impact :fee suspensions are currently in effect. Indian River County has retained`:>Tindale-Oliver &Associates, Inc. (TOA) to prepare an ,. u pdate study to reflect changes tothe impact fee variables for all program areas. In addition, the direction received from the Bo rdof� County;Commissioners (BOCC) is to maintain the residentia land uses at the current leveland develop a methodology to reduce n on-residential impact fees. To addressthegoal of Affordable= reducingfeesfor nonresidential land uses, TOA developed the "tfsevs Growth methodology, which takes. into consideration revenues received from the existing developmentthat are used toward' capacity expansion projects. As population \ growth rates decrease, th`e,existingr development's ability to assist in absorbing new Nefr Val4: growths impact while maintaining thelevel of service (LOS) becomes more possible. The Affordable Growth method :calculates the necessary impact fee levels to maintain the mow; existing/achieved LoStgiven>a,: certain level of non -impact fee funding at an estimated growth rate. It is importantto note that whether to fund capacity expansion projects solely with impact fee collections r supplement them with alternative funding sources is largely a policy decision, allowing the County to contribute or limit non -impact fee funding in its service areas as appropriate based on its capital improvement planning goals and the n ature of its existing impact fee program. Tindale -Oliver & Associates, Inc. January 2014 Indian River County ES -1 Impact Fee Update Study