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Indian River County <br />Impact Fee Update Study <br />January 22, 2014 <br />Presentation Overview <br />Methodology <br />Findings of Technical Study <br />Transportation Impact Fee <br />Other Impact Fees <br />® Next Steps <br />Overview of Impact Fees <br />• Impact Fee Definition: <br />One-time capital charge to new development <br />- Covers the cost of new capital facility capacity <br />- Implements the CIE and CIP <br />Indian River County Impact Fee Update Study <br />Overview of Impact Fees <br />• Why Impact Fees? <br />- Maintain current Level -of -Service (LOS) <br />— Calculate cost of growth <br />— Potential large developments <br />- Most needed when: <br />• High growth <br />• Limited funding <br />Methodology <br />• Consumption -Based Fee Calculation <br />Full update of all impact fee variables <br />• Affordable Growth Strategy <br />- Based on future growth rate & available funding <br />— Buy -down (subsidy) options <br />Presentation Overview <br />Methodology <br />Findings of Technical Study <br />Transportation Impact Fee <br />Other Impact Fees <br />Next Steps <br />s B. <br />