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Table IX -7 <br /> Net Impact Cost per Student <br /> Calculation Step Figure <br /> Total Impact Cost per Student( l ) $ 189011 . 82 <br /> State Revenue Credit(2) $ 5 , 652 . 22 <br /> 2 -Mill Revenue Credit(3 ) $ 6 , 527 . 19 <br /> Vacant Land Credit(4) $ 511 . 33 <br /> Total Revenue Credit(5) $ 129690 . 73 <br /> Net Impact Cost per Student(6) $59321 . 08 <br /> ( 1 ) Source : Table IX- 3 <br /> (2 ) Source : Table IX-4 <br /> (3 ) Source :. Table IX- 5 <br /> (4) Source : Table IX -6 <br /> ( 5 ) Sum of state revenue credit (Item 2 ) , 2 -mill revenue credit (Item 3 ), and <br /> vacant land credit (Item 4 ) . <br /> (6 ) Total impact cost per student ( Item 1 ) less total revenue credit per student <br /> ( Item 5 ) . <br /> Student Generation Rate <br /> The number of students living in a housing unit varies depending on the type of <br /> residential housing . Therefore , school impact fees are often assessed based on the <br /> student generation rates of specific residential use types . For IRC , the student generation <br /> rate per residential unit is based on three types of residential uses : single family , multi - <br /> family , and mobile homes . <br /> The student generation rate , or number of students per unit figure , is developed by <br /> dividing the number of students within a particular residential use type by the total <br /> number of units of that land use in IRC . The student generation rates by residential use <br /> type are provided in Table IX - 8 . <br /> Table IX =8 <br /> Student Generation Rate <br /> Residential Land Use Ty pe Number of Studentst1l Number of Units (2) Students per Unit <br /> Single Family 11 , 942 363240 0 .330 <br /> Multi-Family 11393 141792 0 . 094 <br /> Mobile Home 7971 69786 0 . 117 <br /> Weighted Average Residential 147132 57 , 8181 0 .244 <br /> ( 1 ) Source : Census 2000 and Public Use Microdata Sample (PUMS ) 2000 <br /> (2 ) Source : Section II , Table II -2 <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 IX - 14 Impact Fee Study <br />