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11/10/2015 Impact Fee Update
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11/10/2015 Impact Fee Update
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Last modified
7/2/2018 2:04:05 PM
Creation date
3/3/2016 10:42:06 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
11/10/2015
Meeting Body
Board of County Commissioners
Subject
Impact Fee Update Study
Tindale Oliver & Associates
Supplemental fields
SmeadsoftID
13707
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Indian River County I Impact Fee Update Study <br /> Table C-3 <br /> Design Cost Adjustment—State Roads <br /> Design <br /> •... Type (1) (2) Design Cost per <br /> Lane Mile Distribution Lane Mile(3) <br /> fRr <br /> an Design $220,000 34% $75,000 <br /> alDesi66% $121,000ighted Average Design Cost per Lane Mile $196,000 <br /> (1) Design cost is estimated at 11%of construction cost based on recent TIF studies in <br /> Table C-10(Item b). <br /> (2) Source:Appendix C,Table C-17(Items c and d) <br /> (3) Design cost per lane mile (Item 1) multiplied by the associated section design <br /> weight(Item 2)for each design type and added together. <br /> Right-of-Way <br /> The ROW cost reflects the total cost of the acquisitions along a corridor that was necessary <br /> to have sufficient cross-section width to widen an existing road or, in the case of new <br /> construction, build a new road. <br /> County Roadways <br /> To determine a ROW acquisition cost per lane mile for county roads, TOA conducted a <br /> review of recently completed ROW acquisitions and current ROW estimates along capacity <br /> expansion projects in Indian River County and also reviewed ROW estimates from recent <br /> transportation impact fee studies from other counties in Florida. For impact fee purposes, <br /> the ROW cost for county roads was estimated as a percentage of the construction cost per <br /> lane mile. This factor was determined through a review of the ROW-to-construction cost <br /> ratios for county road unit costs from recent local projects and in previously completed <br /> impact fee studies throughout Florida. For county roadways in Indian River County, the <br /> ROW factors ranged from 6 percent to 150 percent, with a weighted average of 41 percent, <br /> as shown in Table C-11. This factor is consistent with the ratio of ROW to construction cost <br /> observed in other Florida jurisdictions, as shown in Table C-12. For purposes of this update <br /> study, the ROW cost for county roads was calculated at 41 percent of the construction cost <br /> per lane mile. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 C-3 Impact Fee Update Study <br /> ?i4 <br />
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