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• Indian River County I Impact Fee Update Study Affordable Growth Strategy In the case of correctional facilities, based on a review of capital expansion expenditures between Fiscal Years 2008 and 2017, the County uses approximately $2.3 million per year of non -impact fee funding. During the next 25 years, Indian River County is expected to grow at an average annual rate of 1.4 percent. Figure 11-1 presents how impact fee levels would change over time with different growth rates. As shown, the red horizontal line represents the maximum impact fee calculated in this report. This level is considered the investment needed to maintain the current LOS. Although the Coin may charge the maximum amount of correctional facilities impact fee calculated 'ilthe historical levels of non -impact fee funding were to be continued, the County woulgTnot need any impact fee revenue to continue to maintain the current LOS. It should be noted that the historical avertage non -impact fee contribution is based on spending made for the last jail expansion, whichr-was completed in 2008:.. Since then, the County did not have any nonimpact fee spending"and does not have any capacity expansion projects programmed in .the°?GIP. This is construction in that correctional facilities tend to require provide sufficient capacity nfor a longer.:term than mentioned previously fife current jail population functional capacity �.a. reflective of "lumpy" nature of jail large scale investments that most other infrastructure types. As is approximately 75 percent of the jail. 30096 25096 20096 15096 _= 10096 5O% 096 Correct„_nal Facilities Impact'Fee— Affordable Growth Approach Em- IRCAAverage Annual Growth _,•Totattest Mazimurri Impact -fee —..-_1(905 Curve: 10•111•11M1 11111.1-.01M • 0.00% 1.00% 2.00% 3.0096 4.00% 5.0096 6.00% 7.0096 8.00% 9.00% 10.0096 Annual Growth Rate Tindale -Oliver & Associates, Inc. Indian River County January 2014 21 Impact Fee Update Study