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• <br />O <br />Indian River County I Impact Fee Update Study <br />Cost Component <br />Costs are calculated separately for facilities and items/equipment. Facility costs are based <br />on the estimated cost to add the next library building, and the cost of library items and <br />equipment is based on the estimated current value per unit. <br />Buildings and Land <br />Table V-7 summarizes the calculation of library facility and= land values. The total impact <br />cost or total value per resident for library buildings and land in' Indian River County is $141. <br />Table V-7 <br />Building and Land,Cost,per Resident_, <br />Element <br />1 _ Figure <br />Total Building Value Ili$26;456;880 <br />Total Land Value(2) <br />$414;750 <br />Total Building and Land.Valuel3i 7' <br />$26,871,630 <br />Building Square Footage.4i <br />110,237 <br />Total Building and Land Cost per.Square Foot(5) ;" <br />, $243.76 <br />Adopted=LOS.Standard (sf per 1,000 residents)(6) <br />580 <br />Total Building and'Land Cost per Resident(')- • <br />$141.38 <br />(1) Source Table V-1 <br />(2) Source: Table V-1 <br />(3) Sum of,building value (Item 1) and lat d value (item 2) <br />(4) -;Source: Table`V-1 <br />(5) --Building and land,value (Item:3) divided'by building square footage (Item 4) <br />(6) Souree::Table V-4 <br />(7) Total building and'land value per square foot (Item 5) multiplied by the <br />adopted LOSS (Item 6),dvided by 1,000 <br />•ti <br />Library Materials and Equipment <br />The following table'provides a summary of library materials and equipment costs per <br />resident, which amountszto;$175. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 52 Impact Fee Update Study <br />