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• <br />• <br />s <br />Indian River County 1 Impact Fee Update Study <br />Net Emergency Services Impact Cost <br />The net impact fee per functional resident is the difference between the cost component <br />and the credit component. Table VI -8 summarizes the calculation of the net emergency <br />services impact cost per functional resident. <br />The first section of this table identifies the total impact cost as $304 per functional resident. <br />The second section of the table identifies the revenue credits for the emergency services <br />impact fee totaling approximately $102 per functional resident which is equal to the net <br />present value of the capital expansion credit per functional resident. <br />The net impact cost per functional resident is the between the total impact cost <br />and the total revenue credit. This resultsin` a net impact cost of $201 per functional <br />resident. <br />Net ImpactCost>per FunctionalResident <br />(1) Source: Table VI -6 <br />(2) Source: Table VI -7 <br />(3) Average annual capital imp rovement credit per functional resident (Item 2) over a capitalization rate of <br />2.5% for 25 years. The capitalization rate estimate is provided by Indian River County. <br />(4) Total impact cost per functional resident (Item 1) less the total revenue credit per functional resident <br />(Item 3) <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />69 Impact Fee Update Study <br />Impact Cost/ Credit Element <br />Impact Cost <br />Revenue <br />Credits <br />Impact Cost <br />: .. ettt <br />Total Impact Cost <br />�zt <br />perrFunctional <br />q ... m <br />Resident(1)°w a: <br />$303.57 <br />Revenue Credit A <br />Avg <br />Annual-apitalalrnproveentaCredit;-per <br />FunctionalsResident(2) <br />$5.55 <br />m <br />Capitalization <br />Rate <br />o <br />2.5% <br />Capitalization <br />Period (in ears) <br />25 <br />Capital <br />Improvement Credit perbResident . <br />$102.26 <br />Net Impact <br />Cwe'iost` <br />, <br />Net Impact <br />Cost p Functional Residentl4l <br />1 $201.31 <br />(1) Source: Table VI -6 <br />(2) Source: Table VI -7 <br />(3) Average annual capital imp rovement credit per functional resident (Item 2) over a capitalization rate of <br />2.5% for 25 years. The capitalization rate estimate is provided by Indian River County. <br />(4) Total impact cost per functional resident (Item 1) less the total revenue credit per functional resident <br />(Item 3) <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />69 Impact Fee Update Study <br />