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Indian River County 1 Impact Fee Update Study <br />• Figure F-1 <br />• <br />• <br />$300 <br />$250 - <br />$200 <br />$150 <br />$100 - <br />$50 - <br />$0 <br />Fire/EMS Station Construction Cost per Square Foot <br />2004 2005 2006 2007 2008 2009 2010 2011 2012 <br />Source: Fire station construction .cost data collected from:Florida jurisdictions <br />In determining the appropriate unit cost"for station construction,in Indian River County, in <br />addition to these trends, the -following data:was evaluated_ `a <br />• <br />• The most recent,, fire' station expansion and renovation project cost was <br />- i <br />approximately $3(j0 per square.foot:-(Stations 9 and 12). <br />County's=current Capital Improvement Plan includes an estimate ranging from <br />$280 to $325 for a prototype fire station. <br />• The insurance value_ of existing)fire stations is $190 per square foot, which is <br />considered to be a conservative value. <br />Based on the informationsummarized in Table F-2, a unit cost of $260 per square foot is <br />used for fire station building"value. This figure is based primarily on local construction cost <br />and estimates in Indian River County and is also consistent with statewide trends. Finally, it <br />is almost the same unit value used in the 2005 study and approximately 5 percent lower <br />than that used in the 2007 study ($273 per square foot). <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 <br />F-3 Impact Fee Update Study <br />