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Indian River County I Impact Fee Update Study <br /> Figure F-1 <br /> Fire/EMS Station Construction Cost per Square Foot <br /> $300 <br /> $250 <br /> $200 <br /> $150 <br /> $100 <br /> $50 <br /> $0 <br /> 2004 2005 2006 2007 2008 2009 2010 2011 2012 <br /> Source: Fire station construction cost data collected from Florida jurisdictions <br /> In determining the appropriate unit cost for station construction in Indian River County, in <br /> addition to these trends, the following data was evaluated: <br /> • The most recent fire station expansion and renovation project cost was <br /> approximately$300 per square foot (Stations 9 and 12). <br /> • The County's current Capital Improvement Plan includes an estimate ranging from <br /> $280 to$325 for a prototype fire station. <br /> • The insurance value of existing fire stations is $190 per square foot, which is <br /> considered to be a conservative value. <br /> Based on the information summarized in Table F-2, a unit cost of$260 per square foot is <br /> used for fire station building value. This figure is based primarily on local construction cost <br /> and estimates in Indian River County and is also consistent with statewide trends. Finally, it <br /> is almost the same unit value used in the 2005 study and approximately 5 percent lower <br /> than that used in the 2007 study($273 per square foot). <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 F-3 Impact Fee Update Study <br /> 2S"1 <br />