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As presented in Table IX- 10, the projected school facility capital expansion costs through .,, <br /> 2025 will be $ 110 . 11 million if the existing LOS is adopted . Hence, the impact fee <br /> revenues will need to be supplemented with other revenue sources to accommodate this <br /> cost. <br /> For impact fee purposes, revenue projections serve only as an overall guideline in <br /> planning future infrastructure needs . In their simplest form, impact fees charge each unit <br /> of new growth for the net cost (total cost less credits) of infrastructure needed to serve <br /> that unit of growth. If the growth rates remain high, the County will have more impact <br /> fee revenues to fund growth related projects sooner rather than later . If growth rate slows <br /> down, less revenue will be generated, and the timing and need for future infrastructure <br /> improvements will be later rather than sooner. <br /> V400 ' <br /> (This space intentionally left blank) <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 IX4 8 Impact Fee Study <br />