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Indian River County 1 Impact Fee Update Study <br />I. Introduction <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, including: <br />• Correctional Facilities <br />• Solid Waste Facilities <br />• Public Buildings <br />• Library Facilities <br />• Emergency Services <br />• Law Enforcement <br />• Educational Facilities <br />• Parks & Recreation Facilities <br />The technical studies for all program areas were updated in 2007; however, these technical <br />studies were not adopted. Of the nine p gram areas, only the transportation impact fee <br />was later updated substantially in 2009by an internally generated County update using data <br />�s� 4 <br />from the 2005 andr2007 studies, resulting in a�feeered ction for almost all the land uses. <br />The eight non-transsportation program fees w slightly modified in the 2009 update Since <br />then, the County suspended thecollection of five. impact fee types to promote construction <br />during the ec no omit downturn and more rete t y extended suspension of correctional <br />facilities, solid waste; and publicbuildingsimp et fees. Those three impact fee suspensions <br />o:. <br />are currently in effect. <br />Indian Riverve.apty has retained Tindale -Oliver & Associates, Inc. (TOA) to prepare an <br />update study to reflect chang !!to the cost, credit, and demand components since 2005. It <br />should be noted that figures calculated in this study represent the technically defensible <br />level of impact fees tiathe County could charge; however, the Board of County <br />Commissioners may choose to discount the fees as a policy decision. In addition, the study <br />includes "affordable growth" calculations, which take into account the existing <br />development's ability to absorb new growth and calculates the level of possible policy <br />discounts without reducing the level of service. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 1 Impact Fee Update Study <br />