Indian River County Impact Fee Study Final Report - irccdd.com
Indian River County Impact Fee Study Final Report - irccdd.com
Indian River County Impact Fee Study Final Report - irccdd.com
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the next five years. An additional $16.5 million of investment will be necessary to<br />
ac<strong>com</strong>modate 2025 demand.<br />
Estimated Revenues<br />
Based on the growth population projections provided by the IRC Comprehensive Plan<br />
and impact cost per person calculated in Table VI-18, it is estimated that the library<br />
impact fee revenues through 2025 will amount to $13.8 million.<br />
Table VI-22<br />
Annual <strong>Impact</strong> <strong>Fee</strong> Revenue Estimates<br />
Year<br />
<strong>County</strong>wide<br />
Population (1)<br />
New<br />
Population (2)<br />
Estimated<br />
Revenues (3)<br />
2004 138,393 N/A N/A<br />
2005 140,562 2,169 $437,487<br />
2006 143,318 2,756 $555,885<br />
2007 146,129 2,811 $566,979<br />
2008 148,996 2,867 $578,274<br />
2009 151,918 2,922 $589,367<br />
2010 154,896 2,978 $600,663<br />
2011 158,245 3,349 $675,493<br />
2012 161,671 3,426 $691,024<br />
2013 165,171 3,500 $705,950<br />
2014 168,749 3,578 $721,683<br />
2015 172,407 3,658 $737,819<br />
2016 175,781 3,374 $680,536<br />
2017 179,223 3,442 $694,251<br />
2018 182,730 3,507 $707,362<br />
2019 186,308 3,578 $721,683<br />
2020 189,924 3,616 $729,347<br />
2021 193,215 3,291 $663,795<br />
2022 196,566 3,351 $675,897<br />
2023 199,976 3,410 $687,797<br />
2024 203,448 3,472 $700,302<br />
2025 207,014 3,566 $719,262<br />
$13,840,856<br />
<strong>Fee</strong> per Resident (4) $201.70<br />
(1) Source: Section II, Table II-1 (some of the years are not<br />
shown in Table II-1. Calculations are based on growth<br />
rate provided in the IRC Comprehensive Plan and seasonal<br />
population projections.)<br />
(2) Additional population per year.<br />
(3) New population (Item 2) multiplied by fee per resident (Item 4).<br />
(4) Source: Table VI-18<br />
Tindale-Oliver & Associates, Inc.<br />
<strong>Indian</strong> <strong>River</strong> <strong>County</strong><br />
May 2005 VI-23 <strong>Impact</strong> <strong>Fee</strong> <strong>Study</strong>