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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Affordable Growth Strategy <br />In the case of emergency services, based on a review of capital expansion expenditures <br />between 2008 and 2017, the County uses approximately $757,000 per year of non -impact <br />fee funding. During the next 25 years, the County is expected to grow at an annual rate of <br />1.4 percent. Figure VI -1 presents how impact fee levels would change over time with <br />different growth rates. As shown, the red horizontal line represents the maximum <br />calculated impact fee. This level is compared investment needed to maintain the current <br />LOS. Although the County may charge the maximum amount of emergency services impact <br />fee calculated, only approximately 8 percent of thisamount is needed to maintain the <br />current/achieved LOS due to non -impact fee contributions from the existing development <br />and low rate of population growth. If the impact fee is adops:at a level higher than 8 <br />percent, the LOS is likelyto improve Ion as the Count <br />p g ycontinues to spend <br />approximately $757,000 of non -impact fee revenues per year toward capacity projects. In <br />addition, if the County would like to charge no fee$to non`=residential land uses, it can do so <br />and still maintain the existing LOS3as long as the fee(for1residential land uses is adopted at <br />11 percent. <br />16036 <br />14096 <br />120% <br />100% <br />80% <br />To60% <br />4096 <br />20% <br />0% <br />Emerer% Cee <br />gency Services Impact Fee <br />Aseas tea <br />vkree <br />Figure VII -110?) <br />;Affordable Growth Approach <br />IRC -Average <br />Annual'GroCAI th <br />.Total Cost: <br />Mixiniumf I rripact feM' <br />CeSCurve <br />1 <br />1 <br />1 <br />(10096 1.00% 2.0056 .3.0096 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% <br />Annual Growth Rate <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />72 Impact Fee Update Study <br />