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• <br />• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Table VII -5 <br />Unit Cost per Functional Resident <br />Component I <br />Building Value(1) <br />Cost ; <br />$13,450,200 <br />Percent of <br />Total <br />Value ) <br />55.98% <br />Land Value(2) <br />$628,000 <br />2.61% <br />Vehicle and Equipment Value(3) <br />$9,950,597 <br />41.41% <br />Total Asset Value14) <br />-:$24,028,797 <br />100.00% <br />Number of Officers(5) <br />185 <br />Total Asset Value per Officer(6) ,/' s.. <br />`�$129,885 <br />Level -of -Service (Officers/1,000 Functional Reidents)17I <br />�ti, 2.11 <br />Cost per Functional Resident(8) ;1 <br />$274.06 <br />(1) <br />(2) <br />(3) <br />(4) <br />(5) <br />Source: Table VII -1 <br />Source. Table VII -1 <br />Source. Table VII -2 <br />Sum of building value (Item 1); land value (Item 2), andvehicle/equipment value (Item 3) <br />Source Table VII -3 <br />(6) Total asset value (Item 4) divided by number of officers (Item,$) <br />(7) Source: Table VII -3 <br />(8) Total asset value per officer (Item 6) multiplied.by the LOS (Item 7) divided by 1,000 <br />Credit Component' <br />A review of.;historical expenditures as well as_'projects programmed in the Five -Year CIP <br />suggested that', there were no non -impact fee, funding used toward capacity projects <br />between"2008 and 2017: -As such,.a credit for nonimpact fee funding is not needed.• <br />•4 - <br />Net Law Enforcement Impact Cost <br />• <br />Given that there is :no credit, net law enforcement impact cost is $274 per resident, as <br />shown previously in Table -VII -S: <br />r. <br />Calculated Law Enforcement Impact Fee Schedule <br />A law enforcement impact fee schedule was developed for residential and non-residential <br />land uses and is illustrated in Table VII -6. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 81 Impact Fee Update Study <br />