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Level of Service Standard. The amount to be paid will be calculated utilizing the cost per Permanent Student Station allocations for elementary, middle and high school, plus a share of the land acquisition and infrastructure expenditures for school sites as determined and published annually in the School District Five Year Facilities Work Program. 1. The methodology used to calculate a developer's Proportionate Share Mitigation shall be as follows: Proportionate Share = (Development students' - Available School Capacity) x Total Cost' per Permanent Student Station Where 'Development students = Students generated by development that are assigned to that school 'Total Cost = the cost per Permanent Student Station based on average prior year expenditures for school districts along the Treasure Coast. In addition, total cost includes a share of the land acquisition and infrastructure expenditures for school sites as determined and published annually in the School District Five -Year Facilities Work Program. (c) The applicant shall be allowed to enter a ninety (90) day negotiation period with the School District in an effort to mitigate the impact from the development through the creation of additional School Capacity. The ninety (90) day negotiation period may be extended by mutual agreement of the parties. Upon identification and acceptance of a mitigation option deemed financially feasible by the School Board, the developer shall enter into a binding and enforceable agreement with the School Board and the Local Government with jurisdiction over the approval of the Development Order. (d) A Mitigation contribution provided by a developer to offset the impact of a residential development must be directed by the School Board toward a school capacity project identified in the School District Five -Year Capital Facility Plan. Capacity projects identified within the first three (3) years of the School District Five -Year Capital Facility Plan shall be considered as committed in accordance with this Agreement. If capacity projects are planned in years four (4) or five (5) of the School District Five - Year Capital Facility Plan within the same School Service Area as the Proposed Residential Development, the developer may pay his proportionate share to mitigate the proposed development in accordance with the formula provided in this Agreement. 2. If a capacity project does not exist in the School District Five -Year Capital Facility Plan, the School Board may add a capacity project to satisfy the impacts from the Proposed Residential Development, as long as financial feasibility of the School District Five -Year Facilities Work Program can be maintained. Mitigation options may include, but are not limited to: i. Contribution of land in conjunction with the provision of additional school capacity; or ii. Provision of additional Permanent Student Stations through the donation of buildings for use as a primary or alternative learning facility; or iii. Provision of additional Permanent Student Stations through the renovation of existing buildings for use as learning facilities; or iv. Construction of Permanent Student Stations or Core Capacity; or F.\Community Development\Users\LONG RANGFCompPlan AmendmentsWublie Schools\Updates\ILATINAL IRC Interlocal Ageement- January 31, 2008 doe 27