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• <br />• <br />Indian River County I Impact Fee Update Study <br />Cost Component <br />The cost of providing roadway system capacity has decreased in recent years. Construction <br />costs increased significantly in Florida between 2005 and 2007 due to additional <br />construction demand caused by hurricanes, the housing market growth, and other factors. <br />Appreciation in land values also resulted in higher right-of-way (ROW) costs during the same <br />period. In early 2008, costs started to stabilize, and in recent years, communities have <br />experienced a decrease in construction costs, returning to'levels seen before 2005. Cost <br />information from Indian River County, other Florida Counties, and the Florida Department <br />of Transportation (FDOT) was reviewed to develop a'unifcost for all phases involved in the <br />construction of one lane -mile of roadway capacity. • The following subsections summarize <br />the methodology and findings of the total,,unit.,cost analysis fdrrcounty and state roads. <br />Appendix C provides the data and other support information utilizedin:these analyses. <br />County Roadway Costs <br />This section examines the right-of-way'(ROW),. construction, and other cost components <br />associated with county,_roads with respect to ..transportation, -capacity improvements in <br />Indian River County.For this purpose, recent bididata for ongoing projects provided by the <br />County and recent::construction bid data from county roadway projects throughout Florida <br />were used to identify and provide ,supporting cost data for county improvements. The cost <br />for each --roadway capacity 'project ,:,was separated into four phases: design, <br />construction engineering inspection (CEI), ROW_and construction. <br />Design and CEI <br />Design costs4forcounty roads Were estimated at 10 percent construction phase costs based <br />on a review of'.cost-data collected for recent transportation impact fee studies throughout <br />Florida. Additional`detail is.proyided in Appendix C, Table C-10. <br />.S <br />CEI costs for county roads were estimated at 9 percent of construction phase costs based on <br />a review of cost data collected for recent transportation impact fee studies throughout <br />Florida. Additional detail is provided in Appendix C, Table C-16. <br />Right-of-Wav <br />The ROW cost reflects the total cost of the acquisitions along a corridor that were necessary <br />to have sufficient cross-section width to widen an existing road or, in the case of new <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 106 Impact Fee Update Study <br />