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Comprehensive Plan Capital Improvements Element <br /> • Special Assessments <br /> Figure 6.4: Special Assessments Revenue <br /> Special assessments are compulsory payments g p <br /> levied on real property for specific benefits <br /> actualthe scostseofltheeimp osvementsreflCounty $450 $345 - $335 $345 53ez <br /> generated by public investments or services <br /> nt <br /> t fairly <br /> ect the <br /> $400 <br /> $350 - <br /> revenues which fall under the general category $300 - $279 <br /> of special assessments consist of street paving $250 <br /> assessments, street lighting district $200 $187 <br /> assessments, as well as assessments for water, $ 150 - <br /> sewer, and drainage improvements. $100 - <br /> Expenditures of special assessment revenue $50 <br /> are restricted to public improvement projects $_ <br /> that directly benefit the property owner or 2000 2001 2002 2003 2004 2005 <br /> payee . For example, street paving assessment <br /> revenues must be spent on paving streets that <br /> directly benefit the payer of the assessment. ® Revenue (in thousands) <br /> Source: Indian River County Finance Department <br /> Special Assessment funds represented r - -- <br /> 0 . 1 -75% of <br /> -0 . 1 -75% of county funds for FY 20043/045 as I Figure 6.5: Impact Fee Revenue <br /> shown in table 6. 1 . Figure 6.4 displays the <br /> revenue collected by Indian River County $40,000 S36,zs7 <br /> through special assessments over the last six $35 <br /> ,000 <br /> fiscal years. <br /> $30, 000 <br /> • Impact Fees $25,000 - - - -- <br /> $20.000 -- - - - <br /> An impact fee is any charge, fee, or $1s,000 <br /> assessment levied as a condition of issuance $10.410 <br /> of subdivision or site plan approval, issuance $10,000 -- - - - <br /> of a building permit, approval of a certificate $5, 000 S3 ,973 $4'597 <br /> of occupancy, or other development or $ <br /> construction approval when any portion of 2000 2001 2002 2003 2004 2005 <br /> the revenues collected is intended to fund any <br /> portion of the costs of capital improvements ® Revenue ( in thousands ) <br /> for any public facilities . -- <br /> Source: Indian River County Finance Department <br /> Prior to October , nooSince 1986, Indian River County has levied traffi , �. atc--oa r—,;ev er impact <br /> fees on new development projects. in Oetabe- t 999, k ,.ater and seNver impaet fees were restruetured <br /> Community Development Department Indian River County <br /> 5 <br />