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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 /> Given this data, the value of prime buildings is estimated at $200 per square foot and the <br /> support buildings at $50 per square foot. The value for support buildings took into <br /> consideration the insurance values of not only law enforcement support buildings, but also <br /> those of public buildings, as presented in Table F-4. These unit figures provided a weighted <br /> average cost of $197 per square foot, which is 50 percent higher than the value included in <br /> the 2005 study, which was based on historical costs provided by the County and is the same <br /> value included in the 2007 study. <br /> Table F-3 <br /> Law Enforcement Building Value <br /> Building Cost per <br /> Source Year Square .. <br /> Construction of Crime Scene Investigation Center(l) 2013 $197 <br /> Future Planned Facilities(2) N/A $250 to$300 <br /> Insurance Values of Existing Buildings(prime)13� 2013 $ <br /> Insurance Values of Existing Buildings(support)(') 2013 $665 <br /> 5 <br /> Recent Public Building Construction in Other Florida Countiesls� 2010-2012 $175-$270 <br /> Used in the Study--Prime Buildings 2013 $2� <br /> Used in the Study—Support Buildings 2013 $50 <br /> (1) Source: Indian River County <br /> (2) Source: Indian River County Sheriff's Master Plan <br /> (3) Source: Indian River County,includes buildings for which information was available <br /> (4) Source:Indian River County,includes buildings for which information was available <br /> (5) Recent impact fee studies,represents weighted average of prime and support buildings <br /> Public Buildings <br /> Similar to law enforcement buildings, public buildings also tend to include a wide range of <br /> buildings, such as offices, courthouses, maintenance buildings, parking garages, etc. as well <br /> as prime versus support buildings. The most recent public buildings constructed in Indian <br /> River County were completed in 2007. Given the changes in construction costs since then, <br /> these cost figures were considered outdated and not used. The County has plans to add <br /> approximately 10,000 square feet of courtroom space over the next five years, and the cost <br /> associated with this expansion is estimated at $200 per square foot. As presented in Table <br /> F-4, the insurance value of existing prime buildings averaged $210 per square foot and <br /> support buildings averaged $46 per square foot. Finally, the building value of prime and <br /> support facilities in other Florida jurisdictions for which information was available, range <br /> from $135 to $200 per square foot. <br /> Tindale-Oliver&Associates, Inc. <br /> Indian River County <br /> June 2014 F-5 Impact Fee Update Study <br /> ZS� <br />
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