Table X-11 Historical Capital Expenditures – Funding Sources (1) Project Description Expansion/ Replacement FY 1998/99 FY 1999/00 FY 2000/01 FY 2001/02 FY 2002/03 FY 2003/04 Six Year Total General Fund (Parks Divison) Storage Buildings - Equipment Expansion $4,970 $9,672 $14,642 Round Island Footbridge Replacement $32,000 $32,000 Maint. Equipment (tractors, vehicles, etc.) Replacement $45,986 $106,607 $86,606 $54,359 $68,484 $50,539 $412,581 Maint. Equipment (tractors, vehicles, etc.) Expansion $2,800 $2,800 Total - General Fund $45,986 $106,607 $91,576 $54,359 $78,156 $85,339 $462,023 M.S.T.U. Fund (Recreation) Gifford Aquatic Center - Lighting Expansion $3,950 $3,950 North <strong>County</strong> Aquatic Center - Equip. Expansion $7,945 $7,945 Other Equipment (vehicles, etc.) Expansion $36,547 $36,547 Other Equipment (vehicles, etc.) Replacement $10,914 $21,879 $24,052 $12,579 $69,424 Storage Building Expansion $4,999 $4,999 Defibrillators Expansion $19,396 $5,090 $24,486 Phone System NCAC Expansion $4,985 $4,985 Mobile Bleachers Expansion $83,060 $83,060 Basketball Goals Expansion $4,000 $4,000 Sports Floor and Covering Expansion $46,600 $46,600 Computer Equipment Expansion $892 $892 Total - M.S.T.U. Fund $10,914 $0 $21,879 $48,447 $66,111 $139,537 $286,888 Shooting Range Construction Shooting Range Improvements Expansion $91,655 $91,655 Optional Sales Tax Fairgrounds Electronic Sign Expansion $5,500 $5,500 Agricultural Pavilion #2 Expansion $34,030 $329,878 $167,324 $531,232 North <strong>County</strong> Aquatic Center/ Park Expansion $210,882 $53,884 $5,073,929 $385,406 $5,724,101 Gifford Aquatic Center Expansion $621,006 $1,750 $622,756 Soccer Field Water & Sewer - Fairgrounds Expansion $13,838 $134,946 ($100) $13,368 $162,052 South <strong>County</strong> Park - Phase II Expansion $928 $614,248 $288,156 $903,332 South <strong>County</strong> Park Phase III Expansion $1,700,000 $1,700,000 Donald McDonald Park Expansion $78,673 $213,726 $292,399 Round Island Oceanside Park Expansion $1,127 $862,806 $863,933 Agricultural Expo Building Expansion $34,343 $982,127 $1,016,470 <strong>River</strong>view Park - Sebastian Expansion $200,000 $200,000 Wabasso Causeway Park Replacement $311,638 $586,774 $113,280 $1,011,692 Dale Wimbrow Park Expansion $55,451 $200,465 $255,916 Treasure Shores Playground Equipment Replacement $58,000 $58,000 Mobile Stage Expansion $85,000 $85,000 Portable Restrooms Expansion $26,000 $26,000 Fairgrounds electronic sign Expansion $14,445 $14,445 Lighting at 16th St. Sports Complex Replacement $1,572 $1,572 Painting at <strong>County</strong> Sports Complex Replacement $4,200 $4,200 West Wabasso Park Improvements Replacement $65,485 $65,485 North <strong>County</strong> Park Phase II Expansion $2,145,625 $2,145,625 Gifford Park Security Building Expansion $80,000 $80,000 Misc. Parks Improvements Expansion $89,203 $89,203 Total - Optional Sales Tax $482,160 $3,871,028 $1,090,164 $5,244,655 $720,684 $4,450,222 $15,858,913 FDRAP Grant South <strong>County</strong> Park Phase II Expansion $100,000 $100,000 Round Island Ocean Park Expansion $100,000 $100,000 North <strong>County</strong> Park Phase II Expansion $150,000 $150,000 Total - FDRAP Grant $0 $200,000 $0 $0 $150,000 $0 $350,000 Park Improvement Fund North <strong>County</strong> Aquatic Center Expansion $120,611 $120,611 Florida Boating Improvement Program Sebastian Canoe Launch Expansion $2,283 $82,644 $74,398 $159,325 Royal Palm Pointe - City of Vero Beach Expansion $20,000 $20,000 <strong>Indian</strong> <strong>River</strong> Drive Boat Dock - Sebastian Replacement $20,000 $20,000 Schumann Lake Boat Ramp - Sebastian Replacement $7,800 $7,800 Oslo Boat Ramp Replacement $750 $50,000 $50,750 Kitching Railhead Station Expansion $146,545 $146,545 Pelican Island Upland Restoration Replacement $1,000,000 $1,000,000 Misc. Boating Facilities Expansion $15,000 $15,000 Total - Florida Boating Improvement Program $0 $22,283 $102,644 $82,198 $750 $1,211,545 $1,419,420 Total Capital Expenditures $539,060 $4,199,918 $1,306,263 $5,429,659 $1,136,312 $5,978,298 $18,589,510 Total Capital Expansion Expenditures $170,522 $3,486,537 $1,084,498 $5,343,448 $1,054,499 $4,716,502 $15,856,006 Percent of GF/MSTU Expenditures to Total Capital Exp. Expenditures 0.00% 0.00% 0.38% 0.45% 5.56% 2.38% 1.48% (1) Source: Office of Management and Budget, IRC Credit Calculation The credit per resident was calculated using the average capital expansion expenditures during the last six years and the future planned projects budgeted during the next fiveyears. The average annual capital expenditure amount was divided by the average residents during this eleven-year time period, resulting in an average capital expansion cost per resident of $23. This information is presented in Table X-12. Tindale-Oliver & Associates, Inc. <strong>Indian</strong> <strong>River</strong> <strong>County</strong> May 2005 X-18 <strong>Impact</strong> <strong>Fee</strong> <strong>Study</strong>
It is the <strong>County</strong>’s intent to use impact fee revenues as the primary funding source for future capital expansion needs of the parks and recreation program and to maintain or reduce the average annual dollar amount shown in this report toward capital expansion needs. In other words, the <strong>County</strong> intends to use non-impact fee revenue sources as the primary funding source for capital replacement, operations and maintenance expenses. As such, credit calculations for future expenditures do not include an escalation factor. Table X-12 Capital Improvement Credit per Resident Capital Expenditures (Expansion) (1) Unincorporated <strong>County</strong> Area Population (2) Fiscal Year 1998/99 $170,522 76,237 1999/00 $3,486,537 78,489 2000/01 $1,084,498 80,486 2001/02 $5,343,448 82,160 2002/03 $1,054,499 84,149 2003/04 $4,716,502 88,710 2004/05 $4,300,000 90,100 2005/06 $0 91,867 2006/07 $450,000 93,669 2007/08 $1,050,000 95,506 2008/09 $0 97,379 Total $21,656,006 Average $1,968,728 87,159 Revenue per Resident (1) Source: Tables X-9 and X-11 $22.59 (2) Source: Table A-7 The last credit <strong>com</strong>ponent is for revenue generated from past payments of property taxes on vacant land that are used to fund capital expansion projects. This calculation is a twostep process. First, the percentage of the total taxable value of vacant land to the total taxable property value for unincorporated IRC is calculated. Revenues generated by past payment of property taxes on vacant land are deposited into IRC’s general fund. Therefore, the second calculation considers the portion of total capital expansion expenditures funded through general fund or municipal service taxing unit (MSTU) revenues over the previous five-year period. As shown in Table X-11, this figure is 1.48 percent. The vacant land value as a percentage of total property value is multiplied by the percent of historical general fund and MSTU revenues spent on capital expansion projects. As illustrated in Table X-13, the effective percentage of past property tax payments on vacant land is 0.16 percent. Tindale-Oliver & Associates, Inc. <strong>Indian</strong> <strong>River</strong> <strong>County</strong> May 2005 X-19 <strong>Impact</strong> <strong>Fee</strong> <strong>Study</strong>
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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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• Reasonable administrative costs
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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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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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Demand Component Based on the LOS s
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Table IV-4 Proposed Capital Expendi
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Table IV-7 Historical Revenue Sourc
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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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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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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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Table VII-3 Capital Equipment Repla
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Table VII-5 Current Level of Servic
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Table VII-7 Station Equipment Costs
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Table VII-10 Six-Year Historical Ca
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Table VII-12 Percent of Past Proper
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Table VII-14 Proposed Fire/EMS Impa
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Table VII-15 2025 Demand and Cost F
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Table VIII-1 Land and Building Inve
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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 Point The consultant recom
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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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Decision Point The consultant recom
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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