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(7) New population (Item 1 ) multiplied by net impact cost per resident (Item 6) . <br /> ( 8) Total impact fee revenue (Item 7) less net impact cost (Item 5 ) . <br /> (9) New growth' s share to retain the $30 million fund balance calculated as the difference <br /> between total impact fee revenue necessary (Item 7) and the new growth ' s portion of capital <br /> expenditures in current dollars (Item 2 ) net of new growth ' s credit (Item 4) divided by the <br /> total new population { ($4,378 , 857 — ($7, 988 ,382 — $6, 149 ,430)) / 34, 932 = $72 . 711 <br /> ( 10) Source : Table IV-9 <br /> Proposed Solid Waste Impact Fee Schedule <br /> The proposed impact fee schedule is based on the Schedule of Waste Generation Units <br /> (WGU) for the land uses included in the IRC 2020 Comprehensive Plan, Chapter 3C <br /> Solid Waste Sub-Element. The Comprehensive Plan states that a WGU is defined as a <br /> basic unit of waste generation equivalent to 1 . 0 ton per year. In establishing the impact <br /> fee schedule, the fee for a single family residential land use is calculated in Table IV- 12 . <br /> This rate and the ratio of a WGU of each land use to that of a single family land use are <br /> used to determine the remaining fees . <br /> Table IV- 12 <br /> Single Family Solid Waste Impact Fee <br /> 21 X : . Cliatfl <br /> Net Solid Waste Generation Cost per Resident( i ) $ 125 . 35 <br /> �✓ Percent residential(2) 45 % <br /> Residential Solid Waste Cost per Resident(3 ) $ 56 . 41 <br /> Residents per Housing Unit(4) 2 .470 <br /> Net Solid Waste Generation Cost per Household ') $ 139 . 33 <br /> ( 1 ) Source : Table IV- 11 <br /> (2) Source : IRC 2020 Comprehensive Plan, Chapter 3C , Solid <br /> Waste Sub-Element <br /> (3 ) Net solid waste generation cost per resident (Item 1 ) multiplied <br /> by percent residential (Item 2) . <br /> (4) Source : Section II, Table II-2 <br /> (5 ) Residential solid waste cost per resident (Item 3 ) multiplied by <br /> residents per housing unit (Item 4) . <br /> Table IV- 13 provides the proposed impact fee schedule . To determine the fee for each <br /> land use , the ratio of WGU of any given land use to single family is used to adjust the <br /> $ 139 fee for the single family land use . The resulting WGU-based fee schedule is <br /> included in Appendix C . In Table IV43 , this fee schedule is converted to match the <br /> other impact fee schedules . In the cases where the conversion required a selection of a <br /> land use from the original schedule, the land use with the lowest fee was selected . <br /> fir►' <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 IV- 19 Impact Fee Study <br />