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• <br />Indian River County 1 Impact Fee Update Study <br />• Buy -down by Geographic Area and Geographic Goals — This approach allows <br />jurisdictions to place a priority on select Activity Centers or the Urban Core to <br />incentivize more efficient land use patterns as set forth in their Comprehensive <br />Plans. For example, the geographic area buy -down could be used to meet the goal <br />of increasing density and creating a more diverse tax base in the Urban Core, <br />identified by the jurisdiction, by leveraging other revenues to offset impact fee costs <br />while maintaining the current LOS. At this time, Indian River County does not have <br />such high-density areas and is interested in countywide discounts rather than buy - <br />down by geographic area. <br />• e. <br />Buy -down of "Most Favored Uses" — Thisa'approach developed by TOA allows <br />communities to establish policies for targeted land uses related to overall benefit <br />and need for specific uses throughout:: the jurisdiction or tin targeted geographic <br />areas of the county. These benefits,:may also include improvedkrevenue generation <br />through a more diverse tax base that brings economic stability invthe future. Indian <br />River County indicated an interest in encouraging non-residential development <br />countywide in order to promoteeconomic development. <br />bta <br />As presented in the chart below, the Affordable•Growth Impact Fee concept is driven by the <br />tee <br />communities' economic ,development and; growth" management goals, available funding, <br />and the desired/acceptable L®Ssfor various program areas: This approach provides the <br />Countymtgwith the nece"ss.ar information to achieve a flexible program that supports Y ;� .,� p g the <br />community:s,planning goals <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />6 <br />Indian River County <br />Impact Fee Update Study <br />