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