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Indian River County I Impact Fee Update Study Cost Component The cost of providing roadway system capacity has decreased in recent years. Construction costs increased significantly in Florida between 2005 and 2007 due to additional construction demand caused by hurricanes, the housing market growth, and other factors. Appreciation in land values also resulted in higher right-of-way (ROW) costs during the same period. In early 2008, costs started to stabilize, and in recent years, communities have experienced a decrease in construction costs, returning to levels seen before 2005. Cost information from Indian River County, other Florida Counties, and the Florida Department of Transportation (FDOT) was reviewed to develop a unit cost for all phases involved in the construction of one lane-mile of roadway capacity. The following subsections summarize the methodology and findings of the total unit cost analysis for county and state roads. Appendix C provides the data and other support information utilized in these analyses. County Roadway Costs This section examines the right-of-way (ROW), construction, and other cost components associated with county roads with respect to transportation capacity improvements in Indian River County. For this purpose, recent bid data for ongoing projects provided by the County and recent construction bid data from county roadway projects throughout Florida were used to identify and provide supporting cost data for county improvements. The cost for each roadway capacity project was separated into four phases: design, construction/engineering inspection (CEI), ROW and construction. Design and CEI Design costs for county roads were estimated at 10 percent construction phase costs based on a review of cost data collected for recent transportation impact fee studies throughout Florida. Additional detail is provided in Appendix C,Table C-10. CEI costs for county roads were estimated at 9 percent of construction phase costs based on a review of cost data collected for recent transportation impact fee studies throughout Florida. Additional detail is provided in Appendix C,Table C-16. Right-of-Way The ROW cost reflects the total cost of the acquisitions along a corridor that were necessary to have sufficient cross-section width to widen an existing road or, in the case of new construction, to build a new road. A review of recent ROW cost data for Indian River Tindale-Oliver&Associates, Inc. Indian River County June 2014 109 Impact Fee Update Study I`1`4