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• <br />• <br />Indian River County I Impact Fee Update Study <br />Table V-12 <br />Calculated Library Facilities Impact Fee Schedule — Affordable Growth <br />T <br />Residential Land Use <br />Affordable <br />Growth _ <br />Adoption <br />Rate (1) <br />Total Impact <br />Fee' ' <br />{{� <br />_1L <br />Current <br />is <br />Adopted <br />Feel31 ' <br />Percent <br />Change(4) <br />I <br />Residential <br />Single <br />Family (less than 1,500 sf) <br />96% <br />$625a6 <br />$41110.75 <br />41.8% <br />Single <br />Family (1,500 to 2,499 sf) <br />96% <br />5680.05 <br />$495.08 <br />37.4% <br />Single <br />Family <br />(2,500 sf or <br />greater) <br />96% <br />$753.23 <br />$537.10 <br />40.2% <br />Multi-Family/Accessory Unit <br />96% <br />$375.09 <br />$292.13 <br />28.4% <br />Mobile Home/RV Park (tied down) <br />96% <br />$439.13 <br />$357.73 <br />22.8% <br />(1) Calculated based on the average annual growth rate of1.4%1nd non= mpact fee funding of $50,000 per <br />year. <br />(2) Source: Calculated impact fee from Table V-11 multiplied by the affordable grow th adoption rate (Item 1) <br />(3) Source: Indian River County. Fees shown include2 5% administrative fee. <br />(4) Percent change from the current adopted fee (Iteern 2) to the total impact fee (Item 19 <br />Library Facilities Impact Fee Schedule.Comparison <br />As part of the work effort in updating Indian River County's library impact fee program, a <br />�a ++'.-w,.. <br />comparison of library; facilities impact itee schedulesrwas completed for other Florida <br />counties. Table V2=13 presents .this companson. As presented, Indian River County's <br />calculated fee is higher •than fees adopted >'by other Counties, which reflects the high <br />f <br />investmenthIevelsato the ountys>Ilbrary%facilities <br />10 <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />58 Impact Fee Update Study <br />