01/22/2014 (2) - Laserfiche WebLink

Home Browse Search

Indian River County 1 Impact Fee Update Study Table F-5 Library Building Value Source Year 2009 Building Cost per Square Foot $263 Construction of Brackett Library1�1 Insurance Values of Existing Libraries(2) 2013 $206 Recent Library Construction in Other Florida Counties(3) 2010-2012 $245 Used in the Study 2013 $240 (1) Source. Indian River County (2) Source Indian River County (3) Source. Recent impact fee studies Parks & Recreation Facilities The parks and recreation facilities impact. fee inventory includes several recreational facilities. The value of these facilities is based;on, insurance values, information from other jurisdictions and discussions with the County staff:', Solid Waste Facilities The solid waste impact fee inventory includes several customer care centers. Due to the limited information on these:facilities, the value is=based on the' recent reconstruction and expansion of Oslo'GonvenienceCenter at a cost of -=$2.6 million. Land Values For each impact fee program area, land valueswere determined based on the following analysis, as data available: • Recent land purchases f or the related infrastructure (if any); • Value of current parcels as reported by the Indian River County Property Appraiser; • Value of vacant land,by size and by land use; and • Vacant land sales over the past three years by size and by land use. It should be noted that the land value and sales analysis suggested that sales data indicates higher values than estimates included in the Property Appraiser's database for those vacant properties that have not been sold for a while. This may be due to a lag in the update of land values. The following paragraphs summarize the data used for each program area. Tindale -Oliver & Associates, Inc. Indian River County F-7 Impact Fee Update Study January 2014