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

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Table IX-10 2025 Demand and Cost Forecast Calculation Component Elementary School Middle School High School Projected Students By Year 2025 (1) 10,652 6,250 7,977 Square Feet per Student Station (LOS) (2) 144.71 117.26 147.57 Necessary 2025 Square Footage (3) 1,541,468 732,848 1,177,166 Current Square Footage (2008/09 School Year) (4) 1,124,095 542,435 993,117 Square Feet Still Needed in 2025 (5) 417,373 190,413 184,049 Facility Cost per Square Foot (6) $115.02 $162.67 $169.12 Total Cost By School Type - Year 2025 (7) $48,006,272 $30,974,462 $31,126,348 Total Cost For All Schools - Year 2025 $110,107,082 (1) School District, IRC (2) Source: Table IX-1 (3) Projected students by year 2025 (Item 1) multiplied by square feet per student station (Item 2). (4) Source: Appendix D, Table D-2 (5) Necessary 2025 square footage (Item 3) less the total square footage available in 2008/09. (6) Source: Table IX-2 (7) Square footage still needed in 2025 (Item 5) multiplied by the cost per square foot for each school type (Item 6). As presented in Table IX-10, the School District will need additional school facility square footage requiring an investment of $110.1 million by 2025. Estimated Revenues Based on the growth population projections provided by the IRC Comprehensive Plan and impact cost per resident calculated in Table IX-11, it is estimated that the school impact fee revenues through 2025 will generate $43.9 million. (This space intentionally left blank) Tindale-Oliver & Associates, Inc. Indian River County May 2005 IX-16 Impact Fee Study
Table IX-11 Annual Impact Fee Revenue Estimates Year Countywide Population (1) New Population (2) Estimated Revenues (3) 2004 138,393 2005 140,562 2,169 $1,387,921 2006 143,318 2,756 $1,763,537 2007 146,129 2,811 $1,798,731 2008 148,996 2,867 $1,834,565 2009 151,918 2,922 $1,869,759 2010 154,896 2,978 $1,905,592 2011 158,245 3,349 $2,142,992 2012 161,671 3,426 $2,192,263 2013 165,171 3,500 $2,239,615 2014 168,749 3,578 $2,289,526 2015 172,407 3,658 $2,340,718 2016 175,781 3,374 $2,158,989 2017 179,223 3,442 $2,202,501 2018 182,730 3,507 $2,244,094 2019 186,308 3,578 $2,289,526 2020 189,924 3,616 $2,313,842 2021 193,215 3,291 $2,105,878 2022 196,566 3,351 $2,144,271 2023 199,976 3,410 $2,182,025 2024 203,448 3,472 $2,221,698 2025 207,014 3,566 $2,281,848 $43,909,891 Fee per residential unit (4) $1,298.34 Fee per resident (5) $639.89 (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) Population growth per year, based annual population in Item 1. (3) New population (Item 2) multiplied by fee per resident (Item 5). (4) Net impact cost per student (Source: Table IX-7) multiplied by the average number of students per residential land use (Source: Table IX-8). (5) To convert the fee per residential unit to fee per resident, the fee per residential unit (Item 4) is divided by the weighted average number of residents per unit (from Table II-6). Tindale-Oliver & Associates, Inc. Indian River County May 2005 IX-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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(This space intentionally left blan
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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
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Table III-3 Level of Service Compar
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Table III-6 Equipment Cost Equipmen
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Table III-9 Historical Capital Expe
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Existing Deficiencies As discussed
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Table III-13 (continued) Impact Fee
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Table III-15 Annual Impact Fee Reve
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• The SWDD also operates five cus
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Demand Component Based on the LOS s
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Table IV-4 Proposed Capital Expendi
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As mentioned previously, future cap
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Table IV-7 Historical Revenue Sourc
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The following table provides a summ
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Existing Deficiencies As presented
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Table IV-13 Proposed Solid Waste Im
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Estimated Revenues As presented in
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Table V-1 Summary of Public Buildin
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Services provided by County-owned a
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Table V-6 Public Building Replaceme
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Table V-8 summarizes the capital ex
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The vacant land value as a percenta
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Table V-12 Proposed Public Building
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Table V-13 2025 Demand and Cost For
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guideline in planning future infras
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In addition to the available materi
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Table VI-5 compares the County’s
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Table VI-8 Building Unit Costs (1)
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Library Materials and Equipment The
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Table VI-13 Library Materials and E
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It should be noted that it is the C
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Table VI-17 Total Credit per Reside
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Table VI-19 Persons per Housing Uni
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(1) Source: Section II, Table II-1
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As presented in Table VI-21, the pr
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Table VII-1 Land & Buildings Invent
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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
Page 148 and 149: guideline in planning future infras
Page 150 and 151: Table VIII-1 Land and Building Inve
Page 152 and 153: Tindale-Oliver & Associates, Inc. I
Page 154 and 155: unincorporated county area. The cur
Page 156 and 157: Table VIII-6 Equipment Cost Equipme
Page 158 and 159: Table VIII-8 Historical Capital Exp
Page 160 and 161: Table VIII-10 Vacant Land Value Per
Page 162 and 163: Table VIII-12 Net Impact Cost Impac
Page 164 and 165: Table VIII-13 (continued) Proposed
Page 166 and 167: Table VIII-15 Annual Impact Fee Rev
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Page 174 and 175: Cost Component Cost per Student Sta
Page 176 and 177: Total Impact Cost per Student Stati
Page 178 and 179: fees is given only for revenue used
Page 180 and 181: Table IX-5 2-Mill Revenue Credit Ca
Page 182 and 183: Table IX-7 Net Impact Cost per Stud
Page 186 and 187: As presented in Table IX-10, the pr
Page 191: Table X-1 (Continued) Parks & Recre
Page 196 and 197: Table X-2 Parks & Recreation Facili
Page 198 and 199: was calculated using historical exp
Page 200 and 201: Table X-7 Regional Parks Equipment/
Page 202 and 203: Table X-9 Programmed Capital Costs
Page 204 and 205: Table X-11 Historical Capital Expen
Page 206 and 207: Table X-13 Vacant Land Value Percen
Page 208 and 209: Table X-15 Net Impact Cost per Resi
Page 210 and 211: Table X-18 2025 Demand and Cost For
Page 212 and 213: For impact fee purposes, revenue pr
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Page 216 and 217: Table A-3 24-Hour Baseline - Uninco
Page 218 and 219: Table A-7 24-Hour Functional Popula
Page 220 and 221: The resulting percentages from Tabl
Page 222 and 223: Table A-14 IRC Weighted Average Sea
Page 230 and 231: 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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