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Indian River County Impact Fee Update Study
<br /> Table VIII-5
<br /> Recreational Facility Asset Value
<br /> Neighborhood/
<br /> Facility
<br /> UnitValue(2) Community Parks Total Cost
<br /> • .
<br /> l value
<br /> Basketball Court Description court $55,000 5 $275,000 5 275,0001 550,000
<br /> Boat Ramp ramp lane $100,000 0 $0 18 $1,800,000 $1,800,000
<br /> Canoe Launch launch $188,000 1 $188,000 4 $752,000 $940,000
<br /> Community Center sq ft $180 1,401 $252,180 6,006 $1,081,080 $1,333,260
<br /> Dune Walkover walkover $43,000 0 $0 7 $301,000 $301,000
<br /> Fishing Pier pier $12,500 1 $12,500 14 $175,000 $187,500
<br /> Jogging Trails mile $150,000 1.0 $150,000 5.5 $825,000 $975,000
<br /> Lifeguard Tower tower $25,000 0 $0 5 $125,000 $125,000
<br /> Maintenance Facility sq ft $100 0 $0 8,850 $885,000 $885,000
<br /> Multi-Purpose Bldg sq ft $150 0 $0 76,600 $11,490,000 $11,490,000
<br /> Olympic Aquatic Center center $3,000,000 0 $0 1 $3,000,000 00,
<br /> $3,0000
<br /> Picnic Pavilion pavilion $40,000 5 $200,000 54 $2,160,000 $2,360,000
<br /> Playground playground $90,000 5 $450,000 8 $720,000 $1,170,000
<br /> Restroom restroom $85,000 4 $340,000 28 $2,380,000 $2,720,000
<br /> Soccer field field $325,000 0 $0 6 $1,950,000 $1,950,000
<br /> Softball Field field $500,000 2 $1,000,000 12 $6,000,000 $7,000,000
<br /> Swimming Pool pool $2,000,000 0 $0 1 $2,000,000 $2,000,000
<br /> $200
<br /> Tennis Courts court $50,000 1 $50,000 4 ,000 $250 000
<br /> ,
<br /> Volleyball Court court $20,000 1 $20,000 3 $60,000 $80,000
<br /> Facilities and Equipment Value $2,937,680 $36,179,080 $39,116,760
<br /> Architecture,Engineering,and Inspection @ 12.5%(8) $367,210 $4,522,385 $4,889,595
<br /> Total Facilities and Equipment Valuei9) $3,304,890 $40,701,465 $44,006,355
<br /> Total Number of Acres(10) 35.38 511.27 546.65
<br /> Facilities and Equipment Value per Acre
<br /> µi) $93,411 $79,609 $80,502
<br /> Level-of-5ervicei12) 0.36 5.23 5.59
<br /> 123) 6
<br /> Facilities and Equipment Value per Resident $33.63 $416.3 $449.99
<br /> (1) Source: Table VIII-1
<br /> (2) Based on insurance values of existing facilities,in
<br /> from previous studies for IRC as well as
<br /> information from other Florida jurisdictions
<br /> (3) Source:Table VIII-1
<br /> (4) Unit value(Item 2)multiplied by the number of units per facility(Item 3)
<br /> (5) Source:Table VIII-1
<br /> (6) Unit replacement value(Item2)multiplied by the number of units per facility(Item 5)
<br /> (7) Sum of the total value for community parks(Item 4)and the total value of regional parks(Item 6)
<br /> (8) Facility and equipment value multiplied by 12.5%based on discussions with Indian River County
<br /> (9) Sum of the facilities and equipment replacement value and the architecture,engineering,and inspection
<br /> cost(Item 8)for each park
<br /> (10)Source:Table VIII-1
<br /> (11)Total facilities and equipment cost(Item 9)divided by the total number of acres(Item 10)for each park
<br /> type
<br /> (12)Source:Table VIII-2
<br /> (13)Facilities and equipment value per acre(Item 11)multiplied by the level-of-service(Item 12)divided by
<br /> 1,000
<br /> Tindale-Oliver&Associates, Inc. Indian River County
<br /> June 2014 96 Impact Fee Update Study
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