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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Table X-19<br />
Annual <strong>Impact</strong> <strong>Fee</strong> Revenue Estimates<br />
Unincorporated<br />
<strong>County</strong><br />
Population (1)<br />
New<br />
Population (2)<br />
Estimated<br />
Revenues (3)<br />
Year<br />
2004 88,710<br />
2005 90,100 1,390 $831,998<br />
2006 91,867 1,767 $1,057,656<br />
2007 93,669 1,802 $1,078,605<br />
2008 95,506 1,837 $1,099,555<br />
2009 97,379 1,873 $1,121,103<br />
2010 99,288 1,909 $1,142,651<br />
2011 101,435 2,147 $1,285,108<br />
2012 103,631 2,196 $1,314,438<br />
2013 105,875 2,244 $1,343,169<br />
2014 108,168 2,293 $1,372,498<br />
2015 110,513 2,345 $1,403,623<br />
2016 112,676 2,163 $1,294,685<br />
2017 114,882 2,206 $1,320,423<br />
2018 117,130 2,248 $1,345,563<br />
2019 119,423 2,293 $1,372,498<br />
2020 121,741 2,318 $1,387,462<br />
2021 123,851 2,110 $1,262,962<br />
2022 125,999 2,148 $1,285,707<br />
2023 128,185 2,186 $1,308,452<br />
2024 130,410 2,225 $1,331,796<br />
2025 132,696 2,286 $1,368,308<br />
$26,328,260<br />
<strong>Fee</strong> per resident (4) $598.56<br />
(1) Source: Section II, Table II-1 (some of the years are not shown in<br />
Table II-1. Calculations are on based growth rate provided in the IRC<br />
Comprehensive Plan and seasonal population projections).<br />
(2) Additional population per year.<br />
(3) New population (Item 1) multiplied by fee per resident (Item 5).<br />
(4) Source: Table X-15<br />
As presented in Table X-18, the projected park and recreation facility capital expansion<br />
costs through 2025 will be $40.7 million if the current LOS is adopted. Hence, it appears<br />
that the impact fee revenues will need to be supplemented with other funding sources to<br />
ac<strong>com</strong>modate this cost.<br />
Tindale-Oliver & Associates, Inc.<br />
<strong>Indian</strong> <strong>River</strong> <strong>County</strong><br />
May 2005 X-25 <strong>Impact</strong> <strong>Fee</strong> <strong>Study</strong>