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Indian River County I Impact Fee Update Study <br /> Capital Improvement Credit <br /> Table V-9 summarizes the library related capital expansion projects that are funded by state <br /> grants. The table includes recent expenditures for the years 2008 through 2017. The <br /> average annual capital expansion expenditure during this five-year period is $0.34 per <br /> resident. This figure is calculated by dividing the average annual total capital expenditure <br /> amount for the ten-year period by the County's average population during the same time <br /> period. <br /> Table V-9 <br /> Historical Library Capital Expansion Funding Sources <br /> Fiscal Year State Library <br /> Construction of Brackett Library: <br /> FY 2008 $0 <br /> FY 2009 $300,000 <br /> FY 2010 $200,000 <br /> FY 2011- FY 2017 L0 <br /> Total $500,000 <br /> Average Annual Capacity Expansion Expenditures(2) $S0,000 <br /> Average Annual Population(3) 148,070 <br /> Capital Expansion Credit per Resident(4) $0.34 <br /> (1) Source: Indian River County <br /> (2) Average expenditure per year <br /> (3) Source:Appendix A,Table A-1 <br /> (4) Average annual capacity expansion expenditures(Item 2)divided by the <br /> average annual population (Item 3) <br /> Net Library Facilities Impact Cost <br /> The net impact fee per residence is the difference between the cost component and the <br /> credit component. Table V-10 summarizes the calculation of the net library impact cost per <br /> resident, which reflects the relevant LOS for impact fee calculation purposes. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> September 2014 59 Impact Fee Update Study <br /> �� <br />