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Indian River County I Impact Fee Update Study <br /> Table VII-5 <br /> Unit Cost per Functional Resident <br /> Percentof <br /> Component Cost Total(9) <br /> Value <br /> Building Value(i) $13,450,200 55.98% <br /> Land Value(2) $628,000 2.61% <br /> Vehicle and Equipment Value(3) $9.950.597 41.41% <br /> Total Asset Value(4) $24,028,797 100.00•/0 <br /> Number of Officers(5) 185 <br /> Total Asset Value per Officer(6) $129,885 <br /> Level-of-Service (Officers/1,000 Functional Residents)(7) 2.11 <br /> Cost per Functional Resident(8) $274.06 <br /> (1) Source:Table VII-1 <br /> (2) Source:Table VII-1 <br /> (3) Source:Table VII-2 <br /> (4) Sum of building value(Item 1),land value(Item 2),and vehicle/equipment value(Item 3) <br /> (5) Source:Table VII-3 <br /> (6) Total asset value(Item 4)divided by number of officers(Item 5) <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 /> (9) Distribution of building,land,vehicle and equipment values <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 non-impact fee funding is not needed. <br /> Net Law Enforcement Impact Cost <br /> Given that there is no credit, net law enforcement impact cost is $274 per resident, as <br /> shown previously in Table VII-5, which is also the relevant LOS measure for impact fee <br /> calculation purposes. <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 /> June 2014 85 Impact Fee Update Study <br /> 120 <br />