Indian River County Impact Fee Study Final Report - irccdd.com

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Table V-13 2025 Demand and Cost Forecast Calculation Component Forecasted Demand 2025 County Population (1) 207,014 Adopted LOS Standard (Square Feet per Resident) (2) 1.99 2025 Required Square Footage (3) 411,958 Existing Square Footage (4) 275,704 Additional Square Footage Needed (5) 136,254 Cost per Square Foot (6) $181.65 Total Cost (7) $24,750,539 Programmed funds over the next five years (8) $6,895,000 Remaining funds needed to accommodate 2025 demand (9) (1) Source: Section II, Table II-1 $17,855,539 (2) Source: Table V-5 (3) Required square footed in 2025, based on existing LOS. (4) Source: Table V-1 (5) 2025 required square footage (Item 3) less existing square footage (Item 4). (6) Source: Table V-7 (7) Total cost per square foot multiplied by additional square feet required (Item 5). (8) Source: Table V-9 (9) Total cost of 2025 demand (Item 7) less the programmed funds over the next five years for expansion of public buildings (Item 8). As presented in Table V-13, the County will need an additional 136,254 square feet by 2025. This would require an investment of $24.8 million over the next 20 years, $6.9 million of which is already funded. Estimated Revenues Based on the growth population projections provided by the IRC Comprehensive Plan and impact cost per resident calculated in Table V-14, it is estimated that the public building impact fee revenues will generate $13.9 million through 2025. These projections are presented in Table V-14. Based on the future demand analysis, the County will need to make an investment of $24.8 million to accommodate the 2025 demand. These figures indicate that the impact fee revenues will need to be used in conjunction with other revenue sources to accommodate the 2025 demand. Tindale-Oliver & Associates, Inc. Indian River County May 2005 V-16 Impact Fee Study
Table V-14 Annual Impact Fee Revenue Estimates Year Countywide Population (1) New Population (2) Estimated Revenues (3) 2004 138,393 2005 140,562 2,169 $441,775 2006 143,318 2,756 $561,333 2007 146,129 2,811 $572,535 2008 148,996 2,867 $583,941 2009 151,918 2,922 $595,143 2010 154,896 2,978 $606,549 2011 158,245 3,349 $682,113 2012 161,671 3,426 $697,796 2013 165,171 3,500 $712,868 2014 168,749 3,578 $728,755 2015 172,407 3,658 $745,049 2016 175,781 3,374 $687,205 2017 179,223 3,442 $701,055 2018 182,730 3,507 $714,294 2019 186,308 3,578 $728,755 2020 189,924 3,616 $736,495 2021 193,215 3,291 $670,300 2022 196,566 3,351 $682,520 2023 199,976 3,410 $694,537 2024 203,448 3,472 $707,165 2025 207,014 3,566 $726,311 $13,976,494 Fee per functional resident (4) $245.20 Fee per resident (5) $203.68 (1) Source: Section II, Table II-1 (some of the years are not shown in Table II-1. Calculations are on based growth rate provided in the IRC Comprehensive Plan and seasonal population projections.) (2) Additional population per year. (3) New population (Item 2) multiplied by fee per resident (Item 5). (4) Source: Table V-11 (5) To convert the fee per functional resident to fee per resident, fee per functional resident (Item 4) multiplied by functional population from Table V-4 and divided by the population from Table V-4. As mentioned above, the impact fee revenue projections are based on population growth estimates. For impact fee purposes, revenue projections serve only as an overall Tindale-Oliver & Associates, Inc. Indian River County May 2005 V-17 Impact Fee Study
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Credit Component...................
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Tables Proposed Parks and Recreatio
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Table VI-5 Comparison of IRC Curren
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Maps Map III-1 Correctional Facilit
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Appendix A Appendix B Appendix C Ap
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o A non-charter county may adopt co
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• Most communities make the effec
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• Reasonable administrative costs
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• The BCC may establish a policy
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Table I-2 Current and Recommended S
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Table I-4 Historical and Projected
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Table II-1 IRC Population Estimates
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Table II-4 Unincorporated County Ar
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Table II-8 Unincorporated County Ar
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Residential Functional Population I
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Table II-10 11-Hour/5-Day General F
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Table II-12 Countywide Excluding In
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Table II-14 Countywide Functional P
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Table II-16 Functional Residents fo
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Table II-19 Assumptions for Nonresi
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Table III-1 Land & Buildings Invent
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Tindale-Oliver & Associates, Inc. I
Page 52 and 53: Table III-3 Level of Service Compar
Page 54 and 55: Table III-6 Equipment Cost Equipmen
Page 56 and 57: Table III-9 Historical Capital Expe
Page 58 and 59: Existing Deficiencies As discussed
Page 60 and 61: Table III-13 (continued) Impact Fee
Page 62 and 63: Table III-15 Annual Impact Fee Reve
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Page 66 and 67: • The SWDD also operates five cus
Page 70 and 71: Tindale-Oliver & Associates, Inc. I
Page 72 and 73: Demand Component Based on the LOS s
Page 74 and 75: Table IV-4 Proposed Capital Expendi
Page 76 and 77: As mentioned previously, future cap
Page 78 and 79: Table IV-7 Historical Revenue Sourc
Page 80 and 81: The following table provides a summ
Page 82 and 83: Existing Deficiencies As presented
Page 84 and 85: Table IV-13 Proposed Solid Waste Im
Page 86 and 87: Estimated Revenues As presented in
Page 88 and 89: Table V-1 Summary of Public Buildin
Page 92 and 93: Services provided by County-owned a
Page 94 and 95: Table V-6 Public Building Replaceme
Page 96 and 97: Table V-8 summarizes the capital ex
Page 98 and 99: The vacant land value as a percenta
Page 100 and 101: Table V-12 Proposed Public Building
Page 104 and 105: guideline in planning future infras
Page 110 and 111: In addition to the available materi
Page 112 and 113: Table VI-5 compares the County’s
Page 114 and 115: Table VI-8 Building Unit Costs (1)
Page 116 and 117: Library Materials and Equipment The
Page 118 and 119: Table VI-13 Library Materials and E
Page 120 and 121: It should be noted that it is the C
Page 122 and 123: Table VI-17 Total Credit per Reside
Page 124 and 125: Table VI-19 Persons per Housing Uni
Page 126 and 127: (1) Source: Section II, Table II-1
Page 128 and 129: As presented in Table VI-21, the pr
Page 130 and 131: Table VII-1 Land & Buildings Invent
Page 134 and 135: Table VII-3 Capital Equipment Repla
Page 136 and 137: Table VII-5 Current Level of Servic
Page 138 and 139: Table VII-7 Station Equipment Costs
Page 140 and 141: Table VII-10 Six-Year Historical Ca
Page 142 and 143: Table VII-12 Percent of Past Proper
Page 144 and 145: Table VII-14 Proposed Fire/EMS Impa
Page 146 and 147: Table VII-15 2025 Demand and Cost F
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unincorporated county area. The cur
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Table VIII-6 Equipment Cost Equipme
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Table VIII-8 Historical Capital Exp
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Table VIII-10 Vacant Land Value Per
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Table VIII-12 Net Impact Cost Impac
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Table VIII-13 (continued) Proposed
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Table VIII-15 Annual Impact Fee Rev
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Cost Component Cost per Student Sta
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Total Impact Cost per Student Stati
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fees is given only for revenue used
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Table IX-5 2-Mill Revenue Credit Ca
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Table IX-7 Net Impact Cost per Stud
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Table IX-10 2025 Demand and Cost Fo
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As presented in Table IX-10, the pr
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Table X-1 (Continued) Parks & Recre
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Table X-2 Parks & Recreation Facili
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was calculated using historical exp
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Table X-7 Regional Parks Equipment/
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Table X-9 Programmed Capital Costs
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Table X-11 Historical Capital Expen
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Table X-13 Vacant Land Value Percen
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Table X-15 Net Impact Cost per Resi
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Table X-18 2025 Demand and Cost For
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For impact fee purposes, revenue pr
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Table A-3 24-Hour Baseline - Uninco
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Table A-7 24-Hour Functional Popula
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The resulting percentages from Tabl
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Table A-14 IRC Weighted Average Sea
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Table C-1 Proposed Solid Waste Impa
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Table D-2 IRC School District Inven
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Table F-2 Inventory of Available Im
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Table F-2 Inventory of Available Im
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Table F-3-2 Comparison of Standards
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County SF per Capita Table F-3-4 Co
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Table G-2 Solid Waste - Residential
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Table G-4 Library Facilities - Resi
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Table G-6 Law Enforcement - Residen
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Table G-8 Park and Recreation Facil
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Presentation Overview 1 2 3 4 5 6 B
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Background • BCC initiated study
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Decision Points Decision Points Enc
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Basic Impact Fee Formula Impact Fee
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Distribution of Impact Fees Transpo
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2 Legal Requirements
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Impact Fee vs. Tax • An impact fe
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Authority in IRC • Non-charter co
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Defendable Methodology • Study th
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Revenue Credits • Ensure proporti
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Administration • Must be easy to
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Effective Date • May be effective
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Applicability • Creates a measura
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Decision Point Will each city enter
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Imposition & Collection • As earl
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Use of Impact Fee Revenue • Must
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Decision Point The consultant recom
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Decision Points The consultant reco
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4 LOS Standards
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Impact Fee Comparisons • Single F
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5 Funding Sources (see Table 4)
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Decision Point Does the BCC want to
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Next Steps • Finalize Data Collec
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