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o The County desires to establish a standard of 5 acres per 1000 residents (hypothetical example) . o The current population of the unincorporated county, including both permanent and seasonal residents , is approximately 89 , 000 . o An increase in the standard of 1 acre per 1000 population would require an additional 89 acres of parks acreage to be added to the inventory of parks acreage . o The County budgets the acquisition of 89 acres of park land using non- impact fee revenues in its Five-Year Capital Improvement Program . o The County can base its Park Impact Fee on a standard of 5 acres per 1000 residents because it has a financial plan to correct the existing deficiency . Revenue Credits • The County must evaluate the revenue credit that each unit of new development generates and could be used to fund new capital facilities (property tax, sales tax , etc . ) . • The present value of these revenues per unit of land use that historically have been used or projected in the future to be used for capital facility expansion is subtracted from the cost per unit of land use of providing capital expansion facilities ( i . e . , the revenue credit) . • The revenue credit ensures that new development does not pay more than its proportionate share of future capital costs . • As non- impact fee revenues increase for capital facility expansion (e . g . , sales tax) , the revenue credit increases and the impact fee decreases . • As non - impact fee revenues decrease for capital facility expansion (e . g . , reallocate sales tax to other capital investment or operating/maintenance) , the revenue credit decreases and the impact fee increases . IMPACT FEE IMPLEMENTATION CONSIDERATIONS Administration • The program must be easy for the public to understand through the use of web site access of the ordinance , an administrative manual , forms , impact fee schedules , and brochures . • If multiple impact fees are adopted , an Impact Fee Coordinator position will be necessary as a point of public contact and to manage the increased administrative responsibilities created by the program . Similar positions exist in counties with multiple impact fees . Effective Date of Implementation • The ordinance may be effective upon filing with the Department of State . Tindale -Oliver & Associates , Inc . Indian River County May 2005 I - 5 Impact Fee Study