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

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Table X-18 2025 Demand and Cost Forecast Calculation Component Forecasted Demand 2025 Unincoporated County Population (1) 132,696 Regional Parks: Adopted LOS Standard (Acres per 1,000 Residents) (2) 6.22 2025 Required Acreage (3) 825.37 Existing Acreage (4) 551.39 Additional Regional Park Acreage Needed (5) 273.98 Cost per Acre (6) $140,135 Total Cost for Regional Parks (7) $38,394,187 Community and Neighborhood Parks: Adopted LOS Standard (Acres per 1,000 Residents) (2) 0.39 2025 Required Acreage (3) 51.750 Existing Acreage (4) 34.890 Additional Regional Park Acreage Needed (5) 16.86 Cost per Acre (6) $136,040 Total Cost for Community and Neighborhood Parks (7) $2,293,634 Total Cost for Community and Neighborhood Parks (8) (1) Source: Section II, Table II-1 $40,687,821 (2) Source: Table X-2 (3) Required 2025 acreage for each parks type, based on existing LOS and 2025 population. (4) Source: Table X-1 (5) 2025 required parks acreage (Item 3) less existing parks acreage (Item 4) for each park type. (6) Sum of the total cost per acre for land (Source: Table X-6) and equipment (Source: Table X-7 for regional park equipment and Table X-8 for neighborhood park neighborhood park equipment). (7) Total cost per acre (Item 6) multiplied by additional acreage needed (Item 5) for each respective park type. (8) The sum of the total cost for regional parks and the total cost for community and neighborhood parks. As presented in Table X-18, the County will need an additional 274 acres of regional parks and 51.8 acres of neighborhood/community parks by 2025. This would require an investment of $40.7 million, of which $5.8 million has been programmed for the next five years. Estimated Revenues Based on the growth population projections provided by the IRC Comprehensive Plan and impact cost per resident calculated in Table X-15, it is estimated that the parks and recreation impact fee revenues through 2025 will generate $26.3 million. Tindale-Oliver & Associates, Inc. Indian River County May 2005 X-24 Impact Fee Study
Table X-19 Annual Impact Fee Revenue Estimates Unincorporated County Population (1) New Population (2) Estimated Revenues (3) Year 2004 88,710 2005 90,100 1,390 $831,998 2006 91,867 1,767 $1,057,656 2007 93,669 1,802 $1,078,605 2008 95,506 1,837 $1,099,555 2009 97,379 1,873 $1,121,103 2010 99,288 1,909 $1,142,651 2011 101,435 2,147 $1,285,108 2012 103,631 2,196 $1,314,438 2013 105,875 2,244 $1,343,169 2014 108,168 2,293 $1,372,498 2015 110,513 2,345 $1,403,623 2016 112,676 2,163 $1,294,685 2017 114,882 2,206 $1,320,423 2018 117,130 2,248 $1,345,563 2019 119,423 2,293 $1,372,498 2020 121,741 2,318 $1,387,462 2021 123,851 2,110 $1,262,962 2022 125,999 2,148 $1,285,707 2023 128,185 2,186 $1,308,452 2024 130,410 2,225 $1,331,796 2025 132,696 2,286 $1,368,308 $26,328,260 Fee per resident (4) $598.56 (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 1) multiplied by fee per resident (Item 5). (4) Source: Table X-15 As presented in Table X-18, the projected park and recreation facility capital expansion costs through 2025 will be $40.7 million if the current LOS is adopted. Hence, it appears that the impact fee revenues will need to be supplemented with other funding sources to accommodate this cost. Tindale-Oliver & Associates, Inc. Indian River County May 2005 X-25 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
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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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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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guideline in planning future infras
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Table VIII-1 Land and Building Inve
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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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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 172 and 173: Tindale-Oliver & Associates, Inc. I
Page 174 and 175: Cost Component Cost per Student Sta
Page 176 and 177: Total Impact Cost per Student Stati
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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 184 and 185: Table IX-10 2025 Demand and Cost Fo
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Page 196 and 197: Table X-2 Parks & Recreation Facili
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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 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
Page 236 and 237: Table D-2 IRC School District Inven
Page 242 and 243: Table F-2 Inventory of Available Im
Page 244 and 245: Table F-2 Inventory of Available Im
Page 246 and 247: Table F-3-2 Comparison of Standards
Page 248 and 249: County SF per Capita Table F-3-4 Co
Page 258 and 259: 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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