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Table VII4 2 <br /> Percent of Past Property Tax Payments on Vacant Land ( ' ) <br /> County Vacant Land Value (less Indian River Shores) $9523101 ,560 <br /> Countywide Total Property Value (less Indian River Shores)(2) $ 109039 , 535 , 106 <br /> Vacant Land Value as a Percentage of Total Property Value(3) 9 .48% <br /> Percent of Capital Expansion Projects Funded with General Fund ') 5 . 07% <br /> Effective Vacant Land Value Percentage(5) 0.48 % <br /> ( 1 ) Source : Property Appraiser, IRC <br /> (2) Includes structures . <br /> (3 ) Vacant Land Percent = $ 952 , 101 , 560/$ 10 ,039, 535 , 106 <br /> (4) Source : Table VII- 10 . Percent of five-year historical general fund revenue for expansion <br /> projects divided by total five-year historical revenue for capital expansion projects . <br /> (5 ) Vacant land value as a percentage of total property value (Item 3 ) multiplied by the percent of <br /> capital expansion projects funded with general fund (Item 4) . <br /> Existing Deficiencies <br /> Since the current LOS will become the adopted LOS standard, there are no existing <br /> deficiencies of Fire/EMS facilities . While there are no existing deficiencies, adopting the <br /> existing LOS as the standard does, in fact, create the need to expand facilities in the near <br /> future to meet the needs of new growth . <br /> Net Fire/EMS Impact Cost <br /> The net impact fee per functional resident is the difference between the cost component <br /> and the credit component . Table VII- 13 summarizes the calculation of the net Fire/EMS <br /> impact cost per functional resident. <br /> (This space intentionally left blank) <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 VII44 Impact Fee Study <br />