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• <br />thik <br />\© <br />Indian River County 1 Impact Fee Update Study <br />Table VI -6 <br />iota! impact cost <br />LDescription <br />- -_ _ __ <br />Building Value(1) <br />Figure <br />$21,926,140 <br />Percent of <br />Total Value 191 <br />52.97% <br />Land Value(2) <br />$1,692,600 <br />4.09% <br />Vehicle Value(3) <br />$14,959,000 <br />36.14% <br />Equipment Value) ` <br />$2,817,768 <br />6.81% <br />Total Asset Value <br />$41,395,508 <br />100.01% <br />Number of Stations(5) <br />- ! 12 <br />Cost per Station(6) <br />, $3,449,626 <br />LOS17i <br />' 0.088 <br />Total Impact Cost per Resident(8) <br />$303.57 <br />1) Source: Table VI -1 <br />(2) Source: Table VI -1 <br />(3) Source Table VI -2 <br />4) Source Table VI -3 <br />5) Source' Table VI -1 • • t t. <br />6) Total asset value divided bytlie number of stations (Item 5) <br />(7) Source: Table VI -4 <br />(8) Cost per station (Item 6) multiplied by the LOS (Item 7) divided by 1,000 <br />(9) Distribution ofbuilding, land, vehicle, and•equipment values <br />• <br />Credit Component <br />To avoidovercharging new development1for the emergency services impact fee, a review of <br />the capital financing program far emergency services was completed. The purpose of this <br />c ? <br />review as:to determine a <br />vvany potentialre¢ revenue credits generated by new development that <br />are being used:for expansiorof capital facilities, land, vehicles, and equipment included in <br />the inventory. It should be noted that the credit component does not include any capital <br />renovation, maintenance, orpperations expenses, as these types of expenditures cannot be <br />funded with impact fee`revenue. <br />Capital Expansion Expenditure Credit <br />To calculate the capital expansion expenditure credit per functional resident, the historical <br />capital expansion projects and those programmed in the CIP are reviewed. During the time <br />period from 2008 through 2017, the County allocated an average annual non -impact fee <br />funding of $757,000 toward emergency services capital facilities. The annual capital <br />expansion expenditures were divided by the average functional residents for the same <br />Tindale -Oliver & Associates, Inc. <br />January 2014 66 <br />Indian River County <br />Impact Fee Update Study <br />Tindale -Oliver & Associates, Inc. <br />Indian River County <br />January 2014 67 Impact Fee Update Study <br />