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Table I-3 provides actual fee comparisons (single family residential land use) for each of <br /> the program areas being considered for impact fees in IRC . <br /> FUNDING SOURCE REVIEW <br /> Review of Current Capital Funding Sources by Program Area <br /> • The primary non- impact fee source of capital revenues for the eight impact fee <br /> program areas under study has been and will continue to be the County ' s Local <br /> Option Sales Tax . This tax was recently extended through 2015 . <br /> • Table I-4 provides a summary of the actual capital expenditures for capacity <br /> expansion projects during the last six years and the planned capital expenditures <br /> for the next five years . <br /> o Past sales tax capital facility expansion expenditures included : <br /> 1 . expansion of five parks, an aquatic center, and a shooting range ; <br /> 2 . a new north county library and expansion of the main library facility ; <br /> 3 . three new fire stations and additional support vehicles ; and <br /> 4 . land purchases for government buildings, sheriff evidence center, jail <br /> facility expansion, health department dental clinic, and touch screen <br /> voting machines . <br /> o Planned sales tax expenditures include : <br /> 1 . a new County administration building ; <br /> 2 . two new fire/EMS stations ; <br /> *40W 3 . a new branch library in west county ; and <br /> 4 . a west regional park, indoor south county complex, and north park ball <br /> fields . <br /> • Over 75 percent of the School Board budget is funded with the 2 -mill tax <br /> assessment ($ 137 . 9 million of $ 183 . 4 million) . <br /> o Approximately 27 percent of this budget is designated for expansion of the <br /> school system . <br /> • As discussed previously, the allocation of sales tax or other revenues to capital <br /> facility expansion has a significant impact on the magnitude of the impact fee . <br /> o As the use of sales tax or other revenue increases for capital facility <br /> expansion within an impact fee program area, the impact fee for that <br /> program area decreases . <br /> o Conversely, as the use of sales tax or other revenue decreases for capital <br /> facility expansion within an impact fee program area, the impact fee for <br /> that program area increases . <br /> *MW <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 I41 Impact Fee Study <br />