1. Impact Fee Update April 22, 2008

2. Overview Provide additional information to the Board Consultant study in 2006 – Impact Fees were increased for the first time in over 10 years Depressed new housing market led to rolling back Impact Fees - 2008

3. Rolled Back Rates Residential – Went into effect - January 22, 2008 – 1 year period Commercial – Went into effect - February 12, 2008 – 1 year period

4. List of Approved Developments Pages 4 & 5 These projects could apply for permits in the near future If before February 12 th – would pay rolled back Impact Fees 7 projects greater than 50,000 square feet 36 projects less than 50,000 square feet

5. Impact Fee Analysis Pages 8 & 9 Uses actual data from June 2007 through November 2007 Compares revenues using lower and higher rates Significant variance

6. Impact Fee Analysis Conclusions: - Six month data shows $12.9M less revenue under rolled back rates, however, residential CO’s decline each month - Commercial CO’s more inconsistent

7. More Recent Data – Jan – Mar 2008

8. Commercial Review of commercial CO’s – at the 50,000 s.f. point 66 total Commercial CO’s - 66 under 50,000 s.f - 3 over 50,000 s.f.

9. Commercial – sorted by SF

10. Impact Fee Survey Budget Office surveyed other Florida Counties regarding any changes to impact fee’s over the past 12 months, specifically related to the depressed Market.

11. Survey – mixed results 4 – Considering lowering 1 – Rates Frozen 3 – Considering increasing 1 - Suspended rates entirely 4 – Considered lowering, but rejected 2 – increasing rates 1 – delayed a planned increase Other Counties have not considered yet

12. Impact Fee Project List Significant part of the CIP 7% Buildings, Library, Parks, Roads, Sheriff Short-term declines now have impacts to smaller projects Other larger projects (Roads) – the concept is to borrow and re-pay with Impact Fees – specifically Midway and Winchester

13. Options with Impact Fees 1. No Change – keep fees rolled back through the one year period 2. Keep residential rolled back – reverse the commercial rollback 3. Keep residential rolled back Commercial > 50,000 sf– reverse the rollback Commercial < 50,000 sf – keep at rollback 4. Reverse rollback for all – residential and commercial

14. Impact Fee Ordinance Changes Require a public hearing 90 day period before the change goes into effect