§ 24-68. Periodic impact fee rate adjustment.

(a)

The board shall adopt an annual index resolution prior to July 1 of each year, unless a full review of this chapter and the fire rescue impact fee study is completed pursuant to section 24-67 before July 1 of such year.

(b)

The annual index resolution shall set forth adjusted fire rescue impact fee rates for the fire rescue impact fee land use categories reflecting changes in the cost of impact fee components for the upcoming year as set forth below.

(c)

Fire rescue impact fee components pertaining to construction and equipment costs shall be adjusted by the percentage change from the previous fiscal year in the construction cost index published by the engineering news record, or a comparable index recommended by the impact fee coordinator.

(d)

Fire rescue impact fee components relating to land acquisition costs shall be adjusted by the percentage change for the previous fiscal year in the fair market value of land for fire and EMS stations owned by the county as determined by the Osceola County property appraiser or written appraisals of county owned fire and EMS station properties. If written appraisals of county owned fire and EMS station properties are utilized, such appraisals shall be performed by an M.A.I. appraiser using generally accepted appraisal techniques.

(e)

The adjustments described in subsection (c) and (d) above may be reduced or eliminated at the board's discretion.

(f)

Upon adoption of the annual index resolution, notice of the adopted fire rescue impact fee rates for the upcoming year shall be provided in accordance with section 24-12 of this Code.

(g)

The adjusted rates set forth in the annual index resolution shall take effect after expiration of the notice period set forth in section 24-12 of this Code or on such later date as determined by the board.

(Ord. No. 2017-96, § 8, 12-11-17)