HomeMy WebLinkAbout1997-021 r ,
RESOLUTION NO.97- 21
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A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY,FLORIDA,AMENDING
RESOLUTION NO.91-31 AND RESOLUTION 95-16,WHICH
ADOPTED RATES,FEES,AND CHARGES FOR THE DEPARTMENT
OF UTILITY SERVICES PURSUANT TO THE AUTHORITY OF
ORDINANCE NO.91-9,BY ADOPTING NEW RATES FOR WATER
AND SEWER IMPACT FEES AND A NEW RATE FOR LINE
EXTENSION CHARGES FOR WATER AND SEWER LINES
WHEREAS,it is necessary that the Indian River County Department of Utility
Services enact a revised rate for impact fees to recover the costs associated with the need
for additional system based on the equitable portion of the cost of funding the extension of
the county's water and sewer system;and
WHEREAS,the Department also has recommended enacting a new revised rate
for line extension charges to recover the line extension costs associated with water lines
and sewer lines that have not been assessed and which are available for service.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,FLORIDA,that:
1. The Impact Fees to recover the costs associated with the need for additional system
expansion based on the equitable portion of the cost of funding the extension of the
county's water and sewer system,attached to this resolution as Exhibit"A,"are
adopted replacing the rates already adopted by Resolutions 91-31 and 95-16.
2. The Schedule of Line Extension Charges for the recovery of line extension costs
associated with water and sewer lines that have been installed but which have not been
assessed and which are available for service,attached to this resolution as Exhibit"B,"
are adopted replacing the rates already adopted by Resolutions 91-31 and 95-16.
3. These changes shall go into effect on adoption of this resolution,
The resolution was moved for adoption by Commissioner G i n n ,and the motion
was seconded by Commissioner Ma c h t ,and,upon being put to a vote,the vote was
as follows:
Chairman,Carolyn K.Eggert A y e
Vice Chairman,John W.Tippin Aye
Commissioner Fran B. Adams Aye
Commissioner Caroline D.Ginn Aye
Commissioner Kenneth R. Macht Aye
The Chairman thereupon declared the resolution duly passed and adopted this 18
day of March , 1997.
Board of County Commissioners
Indian River County,Florida
. By:
Carolyn K ggert,Chair
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WATER AND WASTEWATER SYSTEM
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Prepared
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0 CF42MHILL
January 1997
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Contents
Section
Page
ExecutiveSummary..................................................... .ES-1
1 Introduction...............................................................
1.1 Scope.........................................................................................................................1-1
1.2 Background..............................................................................................................1-1
1.3 General Overview...................................................................................................1-2
2 Water Impact Fee Calculation...........................................................................................2-1
2.1 Unit Capital Investment.........................................................................................2-1
2.1.1 Water Treatment Facilitieg........................................................................2-1
2.1.2 Water Transmission Facilities
2.1.3 Combined Treatment and Transmission Unit Investment..................2-4
2.2 Debt Service Principal Credit................................................................................2-4
2.3 Past Interest payments Charge
..................................................................2-4
2.4 Net Unit Investment Perm d of Capacity
2.5 ERU Capacity Requirements.................................................................................2-7
2.6 Impact Fee per ERU................................................................................................2-7
a 2.7 Change From Existing Fees...................................................................................2-7
3 Wastewater Impact Fee Calculation................................................................................3-1
3.1 Unit Capital Investment.........................................................................................3-1
3.1.1 Wastewater Treatment Facilities..............................................................3-1
3.1.2 Wastewater Transmission Facilities........................................................3-1
3.1.3 Wastewater Effluent Disposal System....................................................3-4
3.1.4 Wastewater Sludge Management System..............................................3-4
3.1.5 Combined Unit Investment......................................................................3-4
3.2 Debt Service Principal Credit................................................................................3-4
- 3.3 Past Interest Payments Charge.............................................................................3-4
3.4 Net Unit Investment Per mgd of Capacity..........................................................3-7
3.5 ERU Capacity Requirements.................................................................................3-7
3.6 Impact Fee per ERU................................................................................................3-7
3.7 Change From Existing Fees...................................................................................3-7
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Contents, Continued
Exhibit Page
ES-1 Current and Proposed Water and Wastewater Impact Fees ES-1
ES-2 Comparison of Impact Fees.............................................................................................ES-2
2-1 Water Treatment Plant Capital Investment Per mgd of Capacity................................2-2
2-2 Water Transmission,Storage,and Other Capital Investment Per mgd of Capacity..2-3
2-3 Debt Service Principal Credit.............................................................................................2-5
2-4 Past Interest Payments on Debt Charge...........................................................................2-6
2-5 Summation of Unit Capital Investment Costs.................................................................2-8
3-1 Wastewater Treatment Plant Capital Investment Per mgd of Capacity......................3-2
3-2 Wastewater Transmission and Other Capital Investment Perm d of Capacity 3-3
3-3 Wastewater Effluent Disposal Capital Investment Per d of Capacity
P ty
,.� P P� g P ty....................3-5
3-4 Wastewater Sludge Management Capital Investment Per mgd of Capacity..............3-6
3-5 Summation of Unit Capital Investment Costs.................................................................3-8
1'3
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Q Executive Summary
Impact fees are collected from new connections to Indian River County's water and
wastewater system.These fees are collected in addition to the cost of installing the service
and meter to serve the customer.These fees are intended to recover the costs incurred by
A Indian River County(County)to oversize its water and wastewater facilities to provide
capacity for future users.These charges help avoid existing users from subsidizing future
customers.The fees developed herein are designed to just recover the cost incurred by the
water and wastewater systems to serve new customers,and thereby avoid subsidization of
new users by existing users,or subsidization of existing users by the new users.
Current and Proposed Impact Fees
The current and proposed water and wastewater system impact fees are shown in
Exhibit ES-1.The proposed impact fees would slightly decrease the current impact fees by a
combined total of$25 or 0.6 percent to$4,096.The water impact fee would decrease from
"i $1,570 to$1,300,and the wastewater impact fee would increase from$2,551 to$2,796.
Exhibit ES-1 ,
A Indian River County
Current and Proposed Water and Wastewater Impact Fees
Dollar Percent
Impact Fees Current Proposed Change Change
Water $1,570 $1,300 ($270) -17.2%
Wastewater $2,551 $2,796 $245 9.6%
Total $4,121 $4,096 ($25) -0.6%
Comparison with Other Communities
Exhibit ES-2 presents a comparison of the County's current and proposed water and
wastewater impact fees with other Florida communities.The County's current and
proposed impact fees are among the highest of the communities surveyed.
W Recommendations
CH2M HILL recommends that the County implement the proposed water and wastewater
impact fees to help provide a fair and equitable distribution of system costs between the
utility's existing and future customers.
The County should update this analysis in 5 years,or sooner,if significant changes in the
Utility's capital investment,debt funding,or capacity occurs that was not anticipated in this
analysis.
, 3
ow12071.00C
ES-1
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"m Exhibit &
E 2
Indian River County
Comparison of Impact Fees
u. City/County Water Wastewater Total
Hillsboro Beach $0 $0 $0
Palm Beach County $0 $0 $0
' Delray Beach $320 $250 $570
Margate $300 $300 $600
West Palm Beach $321 $503 $824
° Deerfield Beach $392 $945 $1,337
Oakland Park $392 $945 $1,337
Pompano Beach $700 $700 $1,400
Lauderhill $1,500 $0 $1,500
Riviera Beach $853 $668 $1,521
Hialeah $825 $825 $1,650
Polk County $0 $1,650 $1,650
Escambia County Utilities Authority $492 $1,183 $1,675
Hernando County $492 $1,300 $1,792
Fort Lauderdale $788 $1,084 $1,872
Boynton Beach $1,679 $298 $1,977
Halllendale $490 $1,500 $1,990
Miami Beach $390 $1,610 $2,000'
Collier County $900 $1,100 $2,000
Sunrise $1,030 $1,070 $2,100
Lee County $980 $1,140 $2,120
Pasco County $566 $1,579 $2,145
Manatee County $986 $1,300 $2,286
Martin County $1,080 $1,300 $2,380
Pembroke Pines/East $600 $1,800 $2,400
Broward County $893 $1,576 $2,469
Seminole County $991 $2,100 $3,091
Pembroke Pines/West $1,430 $1,706 $3,136
Orange County $982 $2,279 $3,261
Boca Raton $1,872 $1,503 $3,375
Coral Gables $1,316 $2,201 $3,517
Hillsboro County $1,445 $2,285 $3,730
Brevard County $1,575 $2,257 $3,832
Sarasota County $2,7611 $1,333 $4,093
Indian River County(Proposed) $1,300 $2,796 $4,096
Indian%Vat COUT*q $1511] $2551 $4,121
Gasparilla Island $2,473 $2,179 $4,652
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S C i O N
INTR P TI I
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SECTION 1
Ll Introduction
Indian River County(County)authorized CH2M HILL to conduct an analysis of the
County's water and wastewater impact fees,septage rates,and wastewater reuse rates.This
technical report presents proposed water and wastewater impact fees for the County for
FY 1997(FY 1996-97)through FY 2001.The septage rate and wastewater reuse rate analyses
— were presented under separate cover.The purpose of this study is to help ensure that new
connections to the water and wastewater system are paying their proportionate share of the
water and wastewater system costs.
The proposed impact fees are designed to recover the costs incurred in providing capacity
in the respective systems to meet the demands of future users.This report discusses the
underlying assumptions and calculations of the water and wastewater impact fees for the
County.Charges for installation of the connection or extension of a water or sewer line
« should be collected in addition to the proposed impact fees presented herein.
1.1 Scope
The scope of this analysis involved updating the County's water and wastewater impact
fees for the period FY 1997 through FY 2001.Specific study tasks included:
• Collection of information on the County's capital investment in water and wastewater
systems,system capacities,number of equivalent residential users served,master plan
j planned improvements,outstanding debt,and other related information
• Incorporation of this information into a impact fee analysis model and derivation of
updated impact fees
• Preparation of a draft and final impact fee report
1.2 Background
The County's water and wastewater system impact fees were last modified in 1991
following completion of a Water and Wastewater Fee and Rate Study,which was prepared
by CH2M HILL.The impact fees that were presented in that report were designed for FYs
1991 through 1993.Since that time,the County has:
• Adopted a new water and wastewater system master plan with associated changes in
.. planned improvements
• Increased its investment in the water and wastewater system
• Purchased the Sebastian and Vero Beach Highlands wastewater systems,and
• Recently issued water and sewer revenue bonds
OW12072.Wo �,�
INDIAN RIVER COUNTY IMPACT FEE ANALYSIS
Any or all of these changes could affect the equity and revenue sufficiency of the water and
sewer impact fees.
1.3 General Overview
One of the principal sources of revenue for financing water and wastewater system
expansions is a one-time initial charge for connection to the systems.These fees are typic-
ally referred to as impact fees,system development charges,capital contribution fees,or
connection fees.
Capital improvements to provide capacity in a water or wastewater system must generally
be constructed in large increments.As a result,system expansions are often constructed
years in advance of when the added capacity will be fully utilized.As a result,current sys-
tem users are often forced to pay rates that are partially used to pay for a portion of the sys-
tem to serve future users.Impact fees,designed to recover the water or wastewater system's
investment in this extra capacity,are often collected to either avoid charging existing users
for these extra capacity costs,or to partially compensate the existing users for the costs they
have previously incurred to provide this capacity.
Revenues generated through the collection of impact fees are generally used to directly pay
for improvements that expand the system capacity or to repay debt issued to finance the
system expansion.The revenues may also be held to offset the costs of future system expan-
sions.Use of these revenues to offset debt service costs reduces the amount of revenue that `
would otherwise need to be generated through the water and wastewater rates.In this way,
il the impact fee revenues can be used to either finance the plant expansions directly,or to
reimburse existing users(through lower rates)for the costs they have incurred to provide
capacity for new users.
Impact fees are typically collected when a new user or developer connects to the system,
when a new development permit is issued,or when a user changes the usage of their prop-
erty.There are a number of alternative impact fee structures:a simple charge per connec-
tion,a charge per equivalent residential unit(ERU),and charges that vary with the size of
the users water meter.The County currently collects a charge per ERU.
Impact fees for the water and wastewater system were calculated by first determining the
capital investment per million gallons per day(mgd)of capacity in each system.The capital
investment per mgd of capacity is an amount that,if charged,new customers would have
paid for their proportionate share of the capacity in the system.However,after these cus-
tomers connect to the water or wastewater system,they will pay rates that include a capac-
ity charge element.An adjustment is thus made to the unit capital cost calculation for future
principal payments that the new connections will make on the respective utility's outstand-
ing debt.In addition,the unit capacity charge does not compensate existing customers for
the use of their funds to provide this capacity,until such time as the new user connects to
the system.An adjustment is thus also made for past interest payments on debt issued to
finance the improvements to serve the new customers.The resulting adjusted charge per
mgd of capacity for each system is then multiplied by the capacity requirements of an ERU
to derive the impact fee per unit.The water impact fee was separated into charges for water
treatment and for water transmission and distribution.The wastewater impact fees were
IDF61`12072.001;
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INDIAN RIVER COUNTY IMPACT FEE ANALYSIS f
composed of charges for wastewater treatment,wastewater collection and transmission,
effluent disposal,and sludge management.
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WATiR IMPACT FAt 91ATI I
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SECTION 2
Water Impact Fee Calculation
This section describes the calculation of thero osed water impact fee.Th a
p p p e capital
investment in the water treatment facilities and water transmission and distribution system,
including planned improvements to each system,is determined first.This capital invest-
ment is then divided by the capacity of each system component to derive the unit invest-
ment per mgd of capacity.Adjustments to this unit investment for future debt service
principal payments and carrying costs are then made to derive the net unit investment
per mgd of capacity.This net unit investment per mgd of capacity figure is then multiplied
- by the capacity requirements of an ERU to derive the proposed impact fee per ERU.The
changes in the water impact fee from current charges and a comparison of these charges
with impact fees collected in other communities and counties is also presented.
2.1 Unit Capital Investment
Unit capital investment calculations were performed separately for the water treatment
facilities and the water transmission and distribution facilities.Capital investment calcula-
tions for the water treatment facilities were limited to the most recent increments of capac-
ity added to the water system at each treatment facility,as the County does not anticipate
constructing additional treatment capacity during the study period(FY 1997 through FY
2001).The capital investment calculations for the water transmission and storage facilities
included all current and planned capital improvements to the distribution components of
the system through buildout(Year 2010).
2.1.1 Water Treatment Facilities
The County's water treatment facilities consist of three facilities:the North Beach,North
County,and South County water treatment plants(WTPs).Expansions of the North Beach
and South County facilities have been constructed during the last 4 years.The North
County WTP was constructed in 1995.Recent capacity additions at these facilities have cost
in excess of$24 million and provide 13.66 mgd of treatment capacity.The weighted average
unit cost of these facilities per mgd of capacity is estimated at$1,771,000.Exhibit 2-1
summarizes these calculations.
2.1.2 Water Transmission Facilities
The County's investment in water transmission and storage facilities in 1993 was estimated
at more than$25 million.An additional$10 million of improvements to the water transmis-
sion and storage facilities have been made since that time,and an estimated$73 million of
improvements are planned to be constructed prior to system buildout in 2010.At buildout,
i the water system is expected to have a capacity of 39.14 mgd.The unit investment per mgd
of buildout capacity is estimated to range from$2.0 to$2.3 million per mgd during the
5-year study period.Exhibit 2-2 shows these calculations.
OFIW12073.DOC 2-1
Eddblt 2.1
Indian Iw Canty
Water ImPact Fee Calculation-Water Treatment Plant Capital Investment Per mgd of Capacity
1993 Dollars IMINed Dollars Irraaalnrerll Per INit Of
Cost vement Cost Added Arcual Cumuld v
North Nath South North North South North North South North Horth South Wey+rted Weiylrlad
Year &uh C Beseh county coumv Beech Cmq CountyBeaeh A A
Prior $3,180,438 $4,145.000 $3,180,438 $0 $4,145,000 1.08 3.4 $ 2,944,850 $ 1,219,118 S 1,635,142 S 1,635,142
1993 $151,500 $2,708,000 $2,700,000 $151,500 $2,708,000 $2,700,000 2.21 S 1,221,719 S 2,515,611 S 1,926,000
1994 $1,109,000 $1,125,000 $1,164,450 $0 $1,181,250 0.54 2.14 $ 2,436,944 $ 551,986 S 875,261 S 1,625,468
1995 S37,000 $8,094.000 $40.793 $8,923,635 $0 4.29 $ 2,711,337 S 2,069,610 S 1,771235
19% $0 $0 s0 $ S 1,771235
1997 $0 so so $ $ 1,771235
1998 $0 so $0 s - s 1.771,235
1999 so $0 so $ s 1,771235
2000 so $0 so $ s 1.771235
2001 so so so $ - $ 1,771235
2002 so $0 So $ $ 1,771235
zone $o $0 $0 $ $ 1.771235
2004 $0 $0 $0 $ s 1.771235
2005 $0 $0 $0 $ s 1.771235
2006 $0 $0 $0 $ s 1.771235
2007 so $0 so $ s 1.771.235
2008 $0 so $0 s s 1.771235
2009 6375.000 $818,578 $0 $0 0.54 S 1,515,885 $ 1515,885 s 1.761524
2010 $4,810.000 SO $11,024,608 s0 4.29 $ 2,569,839 $ 2,569,839 $ 1,949,067
OPM rk
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Exhibit 2.2
-71 Indian River County
wi Water Impact Fee Calculation
Water Transmission,Storage,and Other Capital Investment Per mgd of Capacity
n Present Value
Actual/1993 Inflated Present of Future
Dollars Dollars Value of Expenditures
Capital Capital Future Plus Past Buildout Unit
Year Investment Investment Expenditures Expenditures Capacity Investment
Prior $ 25,130,572 $ 25,130,572 $ 39,267,427 $ 64,397,999 39.14 $ 1,645,324
1993 $ 6,612,000 $ 6,612,000 $ 35,796,822 $ 67,539,394 39.14 $ 1,725,585
1994 $ 1,233,000 $ 1,295,000 $ 37,365,567 $ 70,403,139 39.14 $ 1,798,752
1995 $ 1,166,500 $ 1,286,000 $ 39,068,813 $ 73,392,385 39.14 $ 1,875,125
1996 $ 3,110,000 $ 3,600,000 $ 38,594,318 $ 76,517,890 39.14 $ 1,954,979
1997 $ 2,143,000 $ 2,605,000 $ 39,076,863 $ 79,605,435 39.14 $ 2,033,864
1998 $ 1,958,000 $ 2,499,000 $ 39,704,012 $ 82,731,584 39.14 $ 2,113,735
1999 $ 1,588,000 $ 2,128,000 $ 40,752,333 $ 85,907,905 39.14 $ 2,194,888
2000 $ 5,298,000 $ 7,455,000 $ 36,557,520 $ 89,168,092 39.14 $ 2,278,183
7 2001 $ 2,404,000 $ 3,552,000 $ 35,930,122 $ 92,092,694 39.14 $ 2,352,905
2002 $ 3,106,000 $ 4,818,000 $ 33,986,531 $ 94,967,103 39.14 $ 2,426,344
" 2003 $ 1,223,000 $ 1,992,000 $ 34,713,454 $ 97,686,026 39.14 $ 2,495,811
2004 $ 1,363,000 $ 2,331,000 $ 35,159,530 $ 100,463,102 39.14 $ 2,566,763
2005 $ 2,837,000 $ 5,095,000 $ 32,877,292 $ 103,275,864 39.14 $ 2,638,627
�. 2006 $ 1,625,000 $ 3,064,000 $ 32,443,476 $ 105,906,048 39.14 $ 2,705,826
2007 $ 9,551,000 $ 18,910,000 $ 16,128,954 $ 108,501,526 39.14 $ 2,772,139
2008 $ 2,952,000 $ 6,137,000 $ 11,282,270 $ 109,791,842 39.14 $ 2,805,106
2009 $ 1,172,000 $ 2,558,000 $ 9,626,852 $ 110,694,424 39.14 $ 2,828,166
2010 $ 4,536,000 $ 10,397,000 $ 9,626,852 $ 121,091,424 39.14 $ 3,093,802
Discount Rate:8%
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OFa112075,tl6
INDIAN RIVER COUNTY IMPACT FEE ANALYSIS
2.1.3 Combined Treatment and Transmission Unit Investment
The combined treatment and transmission unit investment per mgd of system capacity
ranges from$3.8 million to$4.1 million.These figures represent the total capital investment
per mgd of capacity in the County's water system,exclusive of contributions in aid of
[_. construction from developers,etc.
The unit capital investment figure calculated above represents an estimate of the capital
investment by the County per mgd of capacity to provide capacity for new customers.If a
new connection to the water system were asked to pay an impact fee based on this unit cost,
without adjustments,they would have paid their proportionate share of all the water sys-
tem improvements constructed to serve them.However,after the user connects to the
system,they will begin paying water rates that include a capacity charge or debt service
element.This debt was issued in part to finance the construction of the expansion of the
treatment facilities and transmission system.Thus,an adjustment must be made to the unit
capital costs in the impact fee calculations to reflect these future debt service payments.In
addition,because the treatment capacity was constructed during the last several years,and
this treatment capacity will not be fully utilized for a number of years,the existing system
customers have been paying,and will continue to pay,for the capital cost of these facilities
for the new users until the facilities are fully utilized.An adjustment thus also needs to be
built into the impact fee calculation to compensate the existing users for the costs they incur
to carry this capacity for the new users until they connect.
v 2.2 Debt Service Principal Credit
To compensate for the future debt service costs that a new connection to the water system
will pay through their rates,once they connect to the system,a credit for future principal
payments is calculated.Future debt service principal payments were allocated between the
water and wastewater system based on the distribution of the proceeds of these bonds.This
analysis allocated 46.32 percent of the future debt service costs to the water system and the
residual 53.68 percent to the wastewater system.The future principal payments were
divided by the projected committed capacity(capacity committed to specific users)to
derive an estimate of the principal payment per unit of capacity;the present value of these
-� future payments were then used to derive the principal payment credit. Exhibit 2-3 shows
the calculation of the principal payment credit.
2.3 Past Interest Payments Charge
A charge is collected for interest expense incurred by existing customers to carry capacity
' for future users until they connect to the system.Cumulative interest expense incurred since
1993 is allocated between the water and wastewater systems in proportion to the allocation
of the bond proceeds usage.The cumulative interest expense is divided by the committed
system capacity to derive the unit charge per mgd of capacity in the system.Exhibit 2-4
shows the calculation of the past interest payment charge.
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OW12073.DDC 2d
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Exh&t 2.3
Indian River County
Water and Wastewater Impact Fee Calculations
Debt Service Principal Credit
Projected Payment per Unit Present Value
Committed Capacity of Capacity of Payments
Year Principal Water Wastewater Water Wastewater Water Wastewater Water Wastewater
1993 $ 680,000 $ 314,976 $ 365,024 7.39 3.77 $ 42,622 $ 96,878 $ 795,492 $ 2,010,400
1994 $ 1,120,000 $ 518,784 $ 601,216 7.85 3.98 $ 66,112 $ 151,046 $ 816,510 $ 2,074,353
1995 $ 1,145,000 $ 530,364 $ 614,636 8.25 4.25 $ 64,317 $ 144,489 $ 815,719 $ 2,089,256
1996 $ 1,165,000 $ 539,628 $ 625,372 8.78 4.36 $ 61,440 $ 143,430 $ 816,659 $ 2,111,907
1997 $ 1,805,000 $ 836,076 $ 968,924 9.48 4.61 $ 88,166 $ 210,174 $ 820,552 $ 2,137,429
1998 $ 1,855,000 $ 859,236 $ 995,764 10.18 4.86 $ 84,379 $ 204,885 $ 798,030 $ 2,098,250 E
1999 $ 1,915,000 $ 887,028 $ 1,027,972 10.88 5.11 $ 81,506 $ 201,164 $ 777,493 $ 2,061,225
2000 $ 1,985,000 $ 919,452 $ 1,065,548 11.58 5.36 $ 79,379 $ 198,792 $ 758,187 $ 2,024,958
2001 $ 1,630,000 $ 755,016 $ 874,984 12.28 5.61 $ 61,468 $ 155,966 $ 739,463 $ 1,988,162
2002 $ 1,705,000 $ 789,756 $ 915,244 12.98 5.86 $ 60,830 $ 156,182 $ 737,151 $ 1,991,250
2003 $ 1,785,000 $ 826,812 $ 958,188 13.68 6.11 $ 60,426 $ 156,820 $ 735,293 $ 1,994,368
2004 $ 1,870,000 $ 866,184 $ 1,003,816 14.38 6.36 $ 60,223 $ 157,830 $ 733,691 $ 1,997,097
2005 $ 1,960,000 $ 907,872 $ 1,052,128 15.08 6.61 $ 60,192 $ 159,170 $ 732,163 $ 1,999,035
2006 $ 2,060,000 $ 954,192 $ 1,105,808 15.78 6.86 $ 60,457 $ 161,194 $ 730,544 $ 1,999,788
2007 $ 2,165,000 $ 1,002,828 $ 1,162,172 16.48 7.11 $ 60,840 $ 163,454 $ 728,531 $ 1,998,577
2008 $ 2,290,000 $ 1,060,728 $ 1,229,272 17.18 7.36 $ 61,731 $ 167,018 $ 725,973 $ 1,995,009
2009 $ 2,425,000 $ 1,123,260 $ 1,301,740 17.88 7.61 $ 62,812 $ 171,054 $ 722,320 $ 1,987,592
2010 $ 2,560,000 $ 1,185,792 $ 1,374,208 18.58 7.86 $ 63,811 $ 174,833 $ 717,294 $ 1,975,545
2011 $ 2,700,000 $ 1,250,640 $ 1,449,360 19.28 8.11 $ 64,857 $ 178,710 $ 710,867 $ 1,958,756
2012 $ 2,845,000 $ 1,317,804 $ 1,527,196 19.28 8.11 $ 68,340 $ 188,308 $ 702,879 $ 1,936,746
2013 $ 3,000,000 $ 1,389,600 $ 1,610,400 19.28 8.11 $ 72,063 $ 198,567 $ 690,769 $ 1,903,378
2014 $ 3,165,000 $ 1,466,028 $ 1,698,972 19.28 8.11 $ 76,027 $ 209,488 $ 673,967 $ 1,857,081
2015 $ 3,340,000 $ 1,547,088 $ 1,792,912 19.28 8.11 $ 80,231 $ 221,071 $ 651,858 $ 1,796,159
2016 $ 3,525,000 $ 1,632,780 $ 1,892,220 19.28 8.11 $ 84,675 $ 233,316 $ 623,776 $ 1,718,780
2017 $ 3,715,000 $ 1,720,788 $ 1,994,212 19.28 8.11 $ 89,239 $ 245,892 $ 589,003 $ 1,622,967
2018 $ 3,915,000 $ 1,813,428 $ 2,101,572 19.28 8.11 $ 94,043 $ 259,130 $ 546,885 $ 1,506,912
2019 $ 4,130,000 $ 1,913,016 $ 2,216,984 19.28 8.11 $ 99,207 $ 273,361 $ 496,593 $ 1,368,335
2020 $ 4,350,000 $ 2,014,920 $ 2,335,080 19.28 8.11 $ 104,492 $ 287,922 $ 437,113 $ 1,204,441
2021 $ 4,590,000 $ 2,126,088 $ 2,463,912 19.28 8.11 $ 110,257 $ 303,808 $ 367,590 $ 1,012,874
2022 $ 4,835,000 $ 2,239,572 $ 2,595,428 19.28 8.11 $ 116,142 $ 320,024 $ 286,740 $ 790,096
2023 $ 5,095,000 $ 2,360,004 $ 2,734,996 19.28 8.11 $ 122,388 $ 337,233 $ 193,537 $ 533,280
2024 $ 3,895,000 $ 1,804,164 $ 2,090,836 19.28 8.11 $ 93,562 $ 257,806 $ 86,632 $ 238,709
$ 85,220,000
Discount Rate:8%
DFW2075ids
Exhibit 2.4
Indian River County
Water and Wastewater Impact Fee Calculations
Past Interest Payments on Debt Charge
Projected Payment per Unit Summation of
Committed Capacity of Capacity Past Payments
Year Interest Water Wastewater Water Wastewater Water Wastewater Water Wastewater
1993 $ 1,075,654 $ 498,243 $ 577,411 7.39 3.77 $ 67,421 $ 153,247 $ 67,421 $ 153,247
1994 $ 2,563,890 $ 1,187,594 $ 1,376,296 7.85 3.98 $ 151,342 $ 345,772 $ 218,763 $ 499,019
1995 $ 2,530,290 $ 1,172,030 $ 1,358,260 8.25 4.25 $ 142,131 $ 319,301 $ 360,894 $ 818,319
1996 $ 3,545,014 $ 1,642,050 $ 1,902,963 8.78 4.36 $ 186,958 $ 436,449 $ 547,852 $ 1,254,768
1997 $ 4,543,454 $ 2,104,528 $ 2,438,926 9.48 4.61 $ 221,926 $ 529,039 $ 769,779 $ 1,783,807
1998 $ 4,469,928 $ 2,070,470 $ 2,399,457 10.18 4.86 $ 203,326 $ 493,705 $ 973,105 $ 2,277,512
1999 $ 4,391,465 $ 2,034,127 $ 2,357,338 10.88 5.11 $ 186,909 $ 461,309 $ 1,160,013 $ 2,738,821
2000 $ 4,307,053 $ 1,995,027 $ 2,312,026 11.58 5.36 $ 172,237 $ 431,339 $ 1,332,251 $ 3,170,160
2001 $ 4,216,256 $ 1,952,970 $ 2,263,286 12.28 5.61 $ 158,998 $ 403,430 $ 1,491,249 $ 3,573,590
2002 $ 4,140,939 $ 1,918,083 $ 2,222,856 12.98 5.86 $ 147,738 $ 379,320 $ 1,638,987 $ 3,952,910
2003 $ 4,059,185 $ 1,880,214 $ 2,178,971 13.68 6.11 $ 137,412 $ 356,617 $ 1,776,399 $ 4,309,528
2004 $ 3,972,640 $ 1,840,127 $ 2,132,513 14.38 6.36 $ 127,938 $ 335,295 $ 1,904,337 $ 4,644,823
2005 $ 3,879,903 $ 1,797,171 $ 2,082,732 15.08 6.61 $ 119,152 $ 315,083 $ 2,023,489 $ 4,959,906
2006 $ 3,780,413 $ 1,751,087 $ 2,029,325 15.78 6.86 $ 110,948 $ 295,815 $ 2,134,437 $ 5,255,721
2007 $ 3,673,679 $ 1,701,648 $ 1,972,031 16.48 7.11 $ 103,237 $ 277,356 $ 2,237,673 $ 5,533,077
2008 $ 3,545,598 $ 1,642,321 $ 1,903,277 17.18 7.36 $ 95,578 $ 258,594 $ 2,333,251 $ 5,791,671
2009 $ 3,408,678 $ 1,578,899 $ 1,829,778 17.88 7.61 $ 88,291 $ 240,441 $ 2,421,542 $ 6,032,111
2010 $ 3,276,420 $ 1,517,638 $ 1,758,782 18.58 7.86 $ 81,668 $ 223,761 $ . 2,503,210 $ 6,255,872
2011 $ 3,135,914 $ 1,452,555 $ 1,683,359 19.28 8.11 $ 75,328 $ 207,563 $ 2,578,538 $ 6,463,435
2012 $ 2,986,321 $ 1,383,264 $ 1,603,057 19.28 8.11 $ 71,735 $ 197,662 $ 2,650,273 $ 6,661,096
2013 $ 2,827,440 $ 1,309,670 $ 1,517,770 19.28 8.11 $ 67,918 $ 187,145 $ 2,718,191 $ 6,848,242
2014 $ 2,659,863 $ 1,232,048 $ 1,427,814 19.28 8.11 $ 63,893 $ 176,054 $ 2,782,084 $ 7,024,296
2015 $ 2,483,036 $ 1,150,142 $ 1,332,894 19.28 8.11 $ 59,645 $ 164,350 $ 2,841,730 $ 7,188,645
2016 $ 2,296,035 $ 1,063,523 $ 1,232,512 19.28 8.11 $ 55,153 $ 151,972 $ 2,896,883 $ 7,340,618
2017 $ 2,103,360 $ 974,276 $ 1,129,084 19.28 8.11 $ 50,525 $ 139,219 $ 2,947,408 $ 7,479,837
2018 $ 1,900,413 $ 880,271 $ 1,020,141 19.28 8.11 $ 45,650 $ 125,786 $ 2,993,059 $ 7,605,623
2019 $ 1,686,388 $ 781,135 $ 905,253 19.28 8.11 $ 40,509 $ 111,620 $ 3,033,568 $ 7,717,244
2020 $ 1,460,603 $ 676,551 $ 784,051 19.28 8.11 $ 35,085 $ 96,676 $ 3,068,653 $ 7,813,920
2021 $ 1,222,778 $ 566,391 $ 656,387 19.28 8.11 $ 29,373 $ 60,934 $ 3,098,025 $ 7,894,854
2022 $ 971,845 $ 450,159 $ 521,686 19.28 8.11 $ 23,345 $ 64,325 $ 3,121,370 $ 7,959,179
2023 $ 707,525 $ 327,726 $ 379,799 19.28 8.11 $ 16,996 $ 46,830 $ 3,138,366 $ 8,006,010
2024 $ 429,013 $ 198,719 $ 230,294 19.28 8.11 $ 10,305 $ 28,396 $ 3,148,671 $ 8,034,406
$ 92,250,987
tx.Bl12075�ds
INDIAN RIVER COUNTY IMPACT FEE ANALYSIS
2.4 Net Unit Investment Per mgd of Capacity
The net unit investment per mgd of capacity in the water system is calculated by summing
the unit capital investment and interest carrying charge and then subtracting the future
_J principal payment credit.Exhibit 2-5 shows the resulting net unit charge per mgd for
FY 1997 through FY 2001.During this period,the net unit investment per mgd of capacity
7 ranged from$3.7 million to$4.9 million per mgd.
2.5 ERU Capacity Requirements
An ERU is defined in the County's impact fee ordinance and for this analysis as usage of
300 gallons per day.
2.6 Impact Fee per ERU
The net unit investment per mgd of capacity in the water system was multiplied by the unit
capacity requirements per ERU to derive the net unit investment per ERU.The net unit
investment per ERU was averaged during the 5-year study period,to derive the proposed
impact fee for the 5-year study period(FY 1997 through FY 2001).The proposed water
impact fee per ERU is$1,300.
2.7 Change From Existing Fees
The current water impact fee,which has been in effect since 1993,is$1,570 per ERU.The
proposed water impact fee would reduce this fee by$270 or 17 percent.The change in the
impact fee reflects changes in capital improvement expenditures,capital investment in the
system,refinancing of the utility's outstanding debt,and other changes.
OF6�1ZO73.DOC
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Exhibit 2.5
Indian River County
Water Impact Fee Calculation
Summation of Unit Capital Investment Costs
Debt Service
Total Principal Past Interest Net Unit
Year Treatment Transmission Investment Credit Pmt Charge Char
ge
1997 $1,771,235 $2,033,864 $3,805,099 $820,552 $769,779 $3,754,325
1998 $1,771,235 $2,113,735 $3,884,970 $798,030 $973,105 $4,060,044
a 1999 $1,771,235 $2,194,888 $3,966,122 $777,493 $1,160,013 $4,348,642
2000 $1,771,235 $2,278,183 $4,049,418 $758,187 $1,332,251 $4,623,482
2001 $1,771,235 $2,352,905 $4,124,139 $739,463 $1,491,249 $4,875,926
2002 $1,771,235 $2,426,344 $4,197,579 $737,151 $1,638,987 $5,099,414
2003 $1,771,235 $2,495,811 $4,267,045 $735,293 $1,776,399 $5,308,151
2004 $1,771,235 $2,566,763 $4,337,998 $733,691 $1,904,337 $5,508,644
2005 $1,771,235 $2,638,627 $4,409,862 $732,163 $2,023,489 $5,701,188
2006 $1,771,235 $2,705,826 $4,477,061 $730,544 $2,134,437 $5,880,953
2007 $1,771,235 $2,772,139 $4,543,374. $728,531 $2,237,673 $6,052,516
2008 $1,771,235 $2,805,106 $4,576,340 $725,973 $2,333,251 $6,183,618
2009 $1,761,524 $2,828,166 $4,589,690 $722,320 $2,421,542 $6,288,912
t 2010 $1,949,067 $3,093,802 $5,042,869 $717,294 $2,503,210 $6,828,785
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I 5 E C 1 O N 3
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VY9TE�YATER IMPACT' FEE At UD I
SECTION 3
Wastewater Impact Fee Calculation
This section presents the calculation of proposed wastewater impact fees for Indian River
County.The wastewater impact fees were calculated by determining the capital investment
in the wastewater system by major system component(i.e.,treatment,transmission,effluent
disposal,and sludge management).The investment in each system component was divided
by the capacity of those system components to derive a unit investment per mgd of capacity
for those components.The summation of the unit investment for the system components
results in the total capital investment per mgd of capacity in the system.This capital invest-
ment per mgd of capacity was then adjusted for future principal payments and interest
carrying charges to derive the net unit investment per mgd of capacity.The 5-year average
net investment per mgd of capacity is then the proposed wastewater impact fee.
3.1 Unit Capital Investment
The unit capital investment calculations for the wastewater system were developed for the
wastewater transmission,treatment,effluent disposal,and sludge management systems
separately.The capital investment in the wastewater treatment facilities includes only the
most recent increments of treatment capacity added at each facility and planned expansions
during the study period(FY 1997 through FY 2001).The capital investment calculations for
the other system components(transmission,effluent disposal,and sludge management)
include all current and planned capital improvements through buildout(Year 2010).
3.1.1 Wastewater Treatment Facilities
The County's wastewater treatment facilities include the West Regional,Central,North
County,South County,and Sea Oaks wastewater treatment plants.(WWTPs).The County
has expanded the West Regional,Central,North County,and South County WWTPs within
the last 5 years.An expansion of the Sea Oaks WWTP is scheduled for FY 2001.The recent
expansions at these facilities have added 5.4 mgd of capacity to the System,at a capital cost
of$13.2 million.As shown in Exhibit 3-1,the weighted average unit cost of the system's
entire wastewater capacity is$3.0 million per mgd.
3.1.2 Wastewater Transmission Facilities
The County's investment in the wastewater transmission system currently amounts to
approximately$21.3 million.Planned improvements to the transmission system could raise
the total investment in the system by$16.4 million to$37.7 million by the year 2010.At
buildout,the system is estimated to have a capacity of 13.5 mgd.The unit cost per mgd of
capacity in the wastewater transmission system ranges from$3.0 to$3.2 million during the
study period.The calculation of the unit cost of capacity in the wastewater transmission
facilities is shown in Exhibit 3-2.
DF8f12074.D0C 3-1
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Exhibit 3-2
Indian River County
Wastewater Impact Fee Calculation
Wastewater Transmission and Other Capital Investment Per mad of Capacity
Pi Present Value
' Actual/1993 Inflated Present of Future
I= Dollars Dollars Value of Expenditures
Capital Capital Future Plus Past Buildout Unit
Year Investment Investment Expenditures Expenditures Capacity Investment
Prior $7,255,789 $7,255,789 $24,856,828 $32,112,617 13.50 $2,378,712
1993 $920,000 $920,000 $25,925,374 $34,101,163 13.50 $2,526,012
1994 $8,520,000 $8,946,000 $19,053,404 $36,175,193 13.50 $2,679,644
1995 $3,440,000 $3,793,000 $16,784,677 $37,699,466 13.50 $2,792,553
1996 $1,130,000 $1,308,000 $16,819,451 $39,042,240 13.50 $2,892,018
1997 $3,500,000 $4,254,000 $13,911,007 $40,387,796 13.50 $2,991,689
1998 $4,680,000 $5,973,000 $9,050,887 $41,500,676 13.50 $3,074,124
1999 $0 $0 $9,774,958 $42,224,747 13.50 $3,127,759
2000 $2,300,000 $3,236,000 $7,320,955 $43,006,744 13.50 $3,185,685
2001 $0 $0 $7,906,632 $43,592,421 13.50 $3,229,068
2002 $270,000 $419,000 $8,120,162 $44,224,951 13.50 $3,275,922
2003 $1,000,000 $1,629,000 $7,140,775 $44,874,564 13.50 $3,324,042
2004 $0 $0 $7,712,037 $45,445,826 13.50 $3,366,357
r 2005 $4,638,000 $8,329,000 $0 $46,062,789 13.50 $3,412,058
v 2006 $0 $0 $0 $46,062,789 13.50 $3,412,058
2007 $0 $0 $0 $46,062,789 13.50 $3,412,058
2008 $0 $0 $0 $46,062,789 13.50 $3,412,058
2009 $0 $0 $0 $46,062,789 13.50 $3,412,058
2010 $0 $0 $0 $46,062,789 13.50 $3,412,058
Discount Rate:8%
DF8/12075.dt
W
INDIAN RIVER COUNTY IMPACT FEE ANALYSIS
3.1.3 Wastewater Effluent Disposal System f
The capital investment in the effluent disposal system is estimated to amount to
$43.6 million.Only small improvements are planned for this component of the wastewater
system prior to buildout.The unit investment in the effluent disposal system amounts to
between$3.5 and$3.6 million per mgd of capacity during the study period(see Exhibit 3-3).
1
3.1.4 Wastewater Sludge Management System
As shown in Exhibit 3-4,the County had invested approximately$5.6 million in its sludge
management system prior to 1993.Since that time,the County has invested another
$2.2 million in this system,for a total investment of approximately$8.0 million.Planned
improvements prior to buildout will raise this investment to nearly$11.8 million.The unit
investment in this system amounts to less than$0.83 million throughout the study period.
3.1.5 Combined Unit Investment
The total investment per mgd of capacity in the Wastewater System grows from
$10.3 million to$10.7 million during the study period.This represents the total capital
investment in the wastewater treatment,transmission,effluent disposal,and sludge man-
agement systems,exclusive of contributions in aid of construction.This unit capital invest-
ment per mgd of capacity represents the capital cost of providing additional capacity to
• serve new users.While this unit cost represents the amount of investment required to serve
new customers,the new customers will pay rates,once they connect,that are being used to
pay for some of this system capacity.Thus,a credit is calculated against the impact fee to
compensate for the users future principal payments on this capacity.In addition,the new
customer needs to compensate the utility's existing customers for the costs they have
incurred to carry the cost of this capacity until utilized by a new customer.The above unit
Ly costs are thus adjusted for a debt service principal credit and past interest payment charge.
�. 3.2 Debt Service Principal Credit
Future debt service principal payments that a new connection will pay through their waste-
water rates,once they connect to the system,are credited against the unit capital investment
figures calculated above.The future principal payments allocated to the wastewater system
were divided by the projected committed capacity in the system each year to derive an esti-
mate of the principal payment credit per unit of capacity.The present value of these future
principal payments were then used to derive the principal payment credit.The calculation
of the debt service principal credit was shown in Exhibit 2-3.
e.,
3.3 Past Interest Payments Charge
The summation of the interest expense incurred by existing customers to carry the extra
capacity in the wastewater facilities for future users is the basis for the past interest pay-
ments charge.Interest expense incurred since 1993 allocated to the wastewater system is
�, divided by the committed capacity in the system to derive the unit charge per mgd of
capacity.The past interest payment charge calculation was shown in Exhibit 2-4.
DFe112O74.1DOC 3.4
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Exhibit 3.3
Indian River County
Wastewater Impact Fee Calculation
Wastewater Effluent Disposal Capital Investment Per mgd of Capacity
Present Value
Actual/1993 Inflated Present of Future
Dollars Dollars Value of Expenditures
Capital Capital Future Plus Past Buildout Unit
Year Investment Investment Expenditures Expenditures Capacity Investment
Prior $20,910,000 $20,910,000 $20,869,910 $41,779,910 13.50 $3,094,808
1993 $990,000 $990,000 $21,549,503 $43,449,503 13.50 $3,218,482
1994 $4,485,000 $4,709,000 $18,564,463 $45,173,463 13.50 $3,346,182
1995 $6,628,000 $7,307,000 $12,742,620 $46,658,620 13.50 $3,456,194
1996 $10,565,250 $12,231,000 $1,531,029 $47,678,029 13.50 $3,531,706
1997 $0 $0 $1,653,512 $47,800,512 13.50 $3,540,779
1998 $0 $0 $1,785,793 $47,932,793 13.50 $3,550,577
1999 $0 $0 $1,928,656 $48,075,656 13.50 $3,561,160
2000 $750,000 $1,055,000 $1,027,949 $48,229,949 13.50 $3,572,589
2001 $0 $0 $1,110,185 $48,312,185 13.50 $3,578,680
2002 $483,000 $749,000 $449,999 $48,400,999 13.50 $3,585,259
2003 $0 $0 $485,999 $48,436,999 13.50 $3,587,926
2004 $250,000 $428,000 $96,879 $48,475,879 13.50 $3,590,806
2005 $0 $0 $104,630 $48,483,630 13.50 $3,591,380
2006 $60,000 $113,000 $0 $48,492,000 13.50 $3,592,000
Y` 2007 $0 $0 $0 $48,492,000 13.50 $3,592,000
2008 $0 $0 $0 $48,492,000 13.50 $3,592,000
2009 $0 $0 $0 $48,492,000 13.50 $3,592,000
wa 2010 $0 $0 $0 $48,492,000 13.50 $3,592,000
Discount Rate:8%
DFW12075-t
Exhibit 3.4
Indian River County
Wastewater Impact Fee Calculation
_Wastewater Sludge Management Capital Investment Per mgd of Capacity
Present Value
Actual/11993 Inflated Present of Future
L, Dollars Dollars Value of Expenditures
Capital Capital Future Plus Past Buildout Unit
Year Investment Investment Expenditures Expenditures Capacity Investment
w Prior $5,588,000 $5,588,000 $3,479,157 $9,067,157 13.50 $671,641
1993 $0 $3,757,490 $9,345,490 13.50 $692,258
1994 $0 $4,058,089 $9,646,089 13.50 $714,525
1995 $2,000,000 $2,205,000 $2,177,736 $9,970,736 13.50 $738,573
1996 $0 $2,351,955 $10,144,955 13.50 $751,478
1997 $0 $2,540,111 $10,333,111 13.50 $765,416
1998 $0 $2,743,320 $10,536,320 13.50 $780,468
1999 $0 $2,962,786 $10,755,786 13.50 $796,725
2000 $500,000 $704,000 $2,495,809 $10,992,809 13.50 $814,282
2001 $0 $2,695,473 $11,192,473 13.50 $829,072
2002 $0 $2,911,111 $11,408,111 13.50 $845,045
2003 $1,930,000 $3,144,000 $0 $11,641,000 13.50 $862,296
2004 $0 $0 $11,641,000 13.50 $862,296
2005 $0 $0 $11,641,000 13.50 $862,296
2006 $0 $0 $11,641,000 13.50 $862,296
2007 $0 $0 $11,641,000 13.50 $862,296
2008 $0 $0 $11,641,000 13.50 $862,296
2009 $0 $0 $11,641,000 13.50 $862,296
y 2010 $0 $0 $11,641,000 13.50 $862,296
Discount Rate:8%
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OF'8712W3.idt
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INDIAN RIVER COUNTY IMPACT FEE ANALYSIS
3.4 Net Unit Investment Per mgd of Capacity
The summation of the unit capital cost per mgd of capacity,debt service principal payment
credit,and past interest payments charge is the net unit investment per mgd of capacity in
the wastewater system.Exhibit 3-5 shows the resulting net charge per mgd of capacity for
each year of the study period.During this period,the net unit charge increases each year
—, from approximately$10.0 million in FY 1997 to$12.3 million in FY 2001.Exhibit 3-5 shows
the calculation of the net unit capital investment in the wastewater system.
3.5 ERU Capacity Requirements
An ERU is defined in the County's wastewater impact fee ordinance as equivalent to
250 gallons of wastewater flow per day.
3.6 Impact Fee Per ERU
Multiplying the net unit investment per mgd of capacity by the ERU capacity requirements
in mgd results in the calculation of the net unit investment per ERU.The net unit invest-
ment per ERU was averaged for the 5-year study period to derive the proposed impact fee
�W for the study period.The proposed wastewater impact fee is$2,796.
3.7 Change from Existing Fees
The current wastewater impact fee is$2,551 per ERU.This fee has been in effect since 1993.
The proposed wastewater impact fee would raise this charge by 9.6 percent.This change is
attributable to the additional investment and capacity in the wastewater system,and
refinancing of the Utility's outstanding debt.
DFW12074.000 3.7
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Exhibit 3-5
Indian River County
Wastewater Impact Fee Calculation
Summation of Unit Capital Investment Costs
Past
Debt Service Interest
Effluent Sludge Total Principal Payment Net Unit
Year Treatment Transmission Disposal Management Investment Credit Charge Charge
1997 $3,046,020 $2,991,689 $3,540,779 $765,416 $10,343,903 $2,137,429 $1,783,807 $9,990,281
1998 $3,046,020 $3,074,124 $3,550,577 $780,468 $10,451,190 $2,098,250 $2,277,512 $10,630,452
1999 $3,046,020 $3,127,759 $3,561,160 $796,725 $10,531,664 $2,061,225 $2,738,821 $11,209,260
2000 $3,046,020 $3,185,685 $3,572,589 $814,282 $10,618,576 $2,024,958 $3,170,160 $11,763,778
2001 $3,108,775 $3,229,068 $3,578,680 $829,072 $10,745,596 $1,988,162 $3,573,590 $12,331,023 "
2002 $3,108,775 $3,275,922 $3,585,259 $845,045 $10,815,002 $1,991,250 $3,952,910 $12,776,662
2003 $3,352,755 $3,324,042 $3,587,926 $862,296 $11,127,019 $1,994,368 $4,309,528 $13,442,179
2004 $3,352,755 $3,366,357 $3,590,806 $862,296 $11,172,215 $1,997,097 $4,644,823 $13,819,941
2005 $3,352,755 $3,412,058 $3,591,380 $862,296 $11,218,490 $1,999,035 $4,959,906 $14,179,361
2006 $3,352,755 $3,412,058 $3,592,000 $862,296 $11,219,110 $1,999,788 $5,255,721 $14,475,043
2007 $3,352,755 $3,412,058 $3,592,000 $862,296 $11,219,110 $1,998,577 $5,533,077 $14,753,610
2008 $3,693,640 $3,412,058 $3,592,000 $862,296 $11,559,995 $1,995,009 $5,791,671 $15,356,656
2009 $3,693,640 $3,412,058 $3,592,000 $862,296 $11,559,995 $1,987,592 $6,032,111 $15,604,514
2010 $3,693,640 $3,412,058 $3,592,000 $862,296 $11,559,995 $1,975,545 $6,255,872 $15,840,322
DFB/12075x8