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

Table X-15
Net Impact Cost per Resident
Impact Cost / Credit Element Cost Credit
Total Impact Cost per Resident
Total Parks & Recreational Facilites Impact Cost (1) $918.41
Total Credit per Resident
Total Revenue Credit (2) ($319.85)
Net Impact Cost per Resident (3)
Net Impact Cost per Resident (3) $598.56
(1) Source: Table X-10
(2) Source: Table X-14
(3) Sum of the total parks and recreational facilities impact cost (Item 1) and the total
revenue credit (Item 2).
As stated previously, the net impact cost per resident is the total impact cost per resident
of $918, less the total revenue credit of $320. The result is a net impact cost of $599 per
resident.
Residents per Housing Unit by Housing Type
Up to this point, the parks and recreation impact fee analysis has been based on the
impact cost per resident. The parks and recreation impact fee, however, is charged on a
per-dwelling unit basis, not per resident. Since the number of residents per housing unit
varies by land use, the weighted average residents per housing unit for three major
residential land uses are used. Table X-16 illustrates the number of residents per housing
unit for the three different land uses, as well as the overall weighted average residents per
residential land use. The calculation of the number of residents per housing unit is
further explained in Section II.
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Tindale-Oliver & Associates, Inc.
Indian River County
May 2005 X-22 Impact Fee Study