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• <br />Indian River County 1 Impact Fee Update Study <br />• <br />Table 11-1 <br />Correctional Facilities Land and Building, Inventory <br />• <br />Facility DescriptionI�� <br />IRC Correctional Facility Phase l(s) <br />Year ; <br />Acquired/Built <br />1987 <br />Number <br />of <br />Acres(1) I <br />l <br />Square j <br />Feet(1) 1 <br />1 <br />Number <br />of Beds(1) <br />I <br />r <br />Land <br />Value(2) <br />11 <br />.- ,r— <br />Building <br />; Value 131 <br />-- <br />Total <br />Building and <br />Land Value (4) <br />9.81 <br />5.� <br />' <br />67,716 <br />4a`> 149 <br />$490,500 <br />$16,929,000 <br />$17,919,500 <br />IRC Correctional Facility Phase II(5) <br />1988 <br />`:W120 <br />IRC Correctional Facility Phase III <br />1991 <br />':. <br />10.00 <br />142 <br />$500,000 <br />IRC Correctional Facility Phase IV <br />2008 <br />1630 <br />. 181;600 <br />301 <br />: <br />:$835,000 <br />$45,250,000 <br />$46,085,000 <br />Miscellaneous Buildings on Site (6),: <br />- <br />, <br />Guardhouse <br />n/a , <br />"` <br />, ` <br />n/a <br />. 100 <br />n/a <br />n/a <br />$12,500 <br />$12,500 <br />Guardhouse <br />n/a <br />100 <br />- n/a <br />n/a <br />$12,500 <br />$12,500 <br />Maintenance Shop <br />„ <br />;,, 2008 <br />n/a <br />100 <br />n/a <br />n/a <br />$12,500 <br />$12,500 <br />Warehouse Visitation `{ <br />:' <br />- 2008n%a <br />. - 8;884 <br />n/a <br />n/a <br />$1,110,500 <br />$1,110,500 <br />Total <br />36.51 <br />257,900 <br />712 <br />$1,825,500 <br />$63,327,000 <br />$65,152,500 <br />Operational Capacity Beds(7) <br />612 <br />Building Value per Square Footlst ?.!, y ! H i i l': , <br />- ' <br />$246 <br />Land ValueerAcre) ; 1,,;j } ;;iji.�. <br />p i. ; ,.l .. <br />$50,000 <br />(1) <br />(2) <br />(3) <br />(4) <br />(5) <br />(6) <br />(7) <br />(8) <br />(9) <br />Source. Indian River Coun'ty;t.1 j`,.�•1 <br />Number of acres multiplied'by the land value periacre (Item 9) <br />Square feet multiplied by $250'in the case of correctional facilities and $125 in the case of miscellaneous buildings <br />Sum of land and building value q l' i?`S .i.� <br />Since the Correctional Facility and Detention Complexiand the Sheriff's Administration Building are located at the same site, it was assumed that each <br />occupies 50 percent of the site {) f I j !_t <br />These buildings are on the same parcels as`thecorrectional facilities <br />Operational capacity beds is lower due to requirements to keep inmates separate based on their custody levels and classifications <br />Total building value (Item 3) divided by total square footage <br />Estimated based on vacant land sales and values for parcels with similar acreage as well as the value of the current inventory <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />11 Impact Fee Update Study <br />