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should consider extending the impact fee suspension period until the updated impact fee schedule is <br />adopted. <br />If the Board does agree to extend the suspension, staff recommends that the extension period be one <br />year or until the new impact fee schedule is approved and becomes effective, whichever occurs first. <br />To extend the suspended impact fees, the Board will need to approve an extension ordinance at an <br />advertised public hearing. If the Board directs staff to proceed with the extension, staff will schedule <br />and advertise for a public hearing. to be held on March 11, 2014. <br />ALTERNATIVES <br />With respect to the suspended impact fees, the Board has the following options: <br />• Extend the suspended impact fees by directing staff to amend the impact fee ordinance. <br />• Not extend the suspended impact fees and allow the full current fee amount to go into <br />effect on April 1, 2014. <br />Staff supports option 1. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners authorize staff to advertise for a public <br />hearing to extend the current suspension of three impact fees for correctional facilities, public <br />buildings, and solid waste facilities from April 1, 2014 to March 31, 2015, or until the new impact fee <br />schedule is approved and becomes effective, whichever occurs first. <br />ATTACHMENT <br />Indian River Co. <br />Approved <br />Date <br />APPROVED <br />FOR: <br />BY. <br />` <br />AGENDA/ ITEM: <br />�7 abi I <br />1 th121,Qi1 <br />c <br />t1,`ti <br />' <br />1' <br />i \`/\ <br />Budget <br />jJ <br />6a44t <br />1 fin <br />Dept. <br />i t 28 ici <br />l <br />ATTACHMENT <br />1. Current Impact Fee Schedule with three fees suspended <br />F:\Community Development\Impact Fee\2014- IF Study\BCC staff report for Authorization to extend Temp Susp IF feb 4, 2014 BCC.doc <br />4 <br />176 <br />Indian River Co. <br />Approved <br />Date <br />Admin. <br />1/30/ 171 <br />,ss <br />Legal <br />t1,`ti <br />' <br />1' <br />i \`/\ <br />Budget <br />jJ <br />1 fin <br />Dept. <br />i t 28 ici <br />l <br />Risk Mgr. <br />1. Current Impact Fee Schedule with three fees suspended <br />F:\Community Development\Impact Fee\2014- IF Study\BCC staff report for Authorization to extend Temp Susp IF feb 4, 2014 BCC.doc <br />4 <br />176 <br />