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*#AW Table X-15 <br /> Net Impact Cost per Resident <br /> G _ t <br /> aw -k tsr'E <br /> Total Impact Cost per Resident <br /> Total Parks & Recreational Facilites Impact Cost" ' $ 1 ,003 . 17 <br /> Total Credit per Resident <br /> Total Revenue Credit(2) $350 . 72) <br /> Net Impact Cost per Resident(3) <br /> r �_ <br /> Net Impact Cost per Resident(3 ) $652 .45 A � ;. . <br /> ( 1 ) Source : Table X- 10 <br /> (2) Source : Table X- 14 <br /> (3 ) Sum of the total parks and recreational facilities impact cost (Item 1 ) and the total <br /> revenue credit (Item 2) . <br /> As stated previously, the net impact cost per resident is the total impact cost per resident <br /> of $ 1 , 003 , less the total revenue credit of $ 351 . The result is a net impact cost of $ 652 <br /> per resident, plus a 3 percent administrative fee . <br /> Residents per Housing Unit by Housing Type <br /> Up to this point, the parks and recreation impact fee analysis has been based on the <br /> impact cost per resident. The parks and recreation impact fee, however, is charged on a <br /> per-dwelling unit basis, not per resident. Since the number of residents per housing unit <br /> varies by land use, the weighted average residents per housing unit for three major <br /> residential land uses are used. Table X- 16 illustrates the number of residents per housing <br /> unit for the three different land uses, as well as the overall weighted average residents per <br /> residential land use . The calculation of the number of residents per housing unit is <br /> further explained in Section II . <br /> (This space intentionally left blank) <br /> Tindale-Oliver & Associates, Inc. Indian River County <br /> February 2005 X-22 Impact Fee Study <br />