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0 <br />• <br />0 <br />Indian River County 1 Impact Fee Update Study <br />Table V-8 <br />Library Materials and Equipment Cost per Resident <br />Element <br />Library Materials Value per Item(1) <br />i Figure <br />$54 <br />Adopted LOS Standard for Materials per Resident(2) <br />3.20 <br />Library Materials Value per Resident(3) <br />$172.80 <br />Computers - Unit Value(4) <br />$1,450 <br />Adopted LOS Standard for Computers per Resident(5) % :. ; <br />0.0007 <br />Computer Value perResident(6) <br />$1.02 <br />Other Library Equipment Value per Item(7) / <br />$4,829 <br />Adopted LOS Standard for Other Library Equipment per Resident(8) <br />0.0002 <br />Other Library Equipment Value per Resident(9) <br />$0.97 <br />Total Materials and Equipment Cost per Resident(10) - <br />$174.79 <br />1) <br />(2) <br />(3) <br />(4) <br />(5) <br />(6) <br />(7) <br />(8) <br />(9) <br />Source. Table V-2 <br />Source. Table V-4 '4` 4. <br />Library materials value per; itedm (Item 1) multiplieby'the-adopted LOS standard: for <br />materials per resident (Item 2) - <br />Source: Table V-3; Total value,divided by the number of items available for public use <br />Source: Table V-4 <br />Unit value of computers (Item 4)-multiplied`by the.adopted LOS'standard for <br />computers per resident.,(Item 5) , t <br />Source: Table V-3; Total -Value divided:b the number of items available for public use <br />Source: Table V-4 .. . <br />Other library, equipment cosi (Item 7) m'uftiplied by the adopted LOS standard for other <br />library equipment per resident.(Item 8) <br />(10) Siim'of library materials, computer`; and other library equipment costs per resident <br />_;(Items -3,6, and 9) <br />Credit Component <br />To avoid overcharging new development, a review of funding for library capital expansion <br />projects over th'e past five,`years and those programmed for the next five years was <br />completed. The purpose..ofthis review was to determine any potential revenues generated <br />by new development, othler``than impact fees, that are being used or will be used to fund <br />the expansion of capital facilities, land, and materials for the County's libraries program. <br />This review suggests that historically the County used primarily State grants to fund a <br />portion of capacity expansion over the past five years and has no capacity projects included <br />in the CIP. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 53 Impact Fee Update Study <br />