11/10/2015 Impact Fee Update - Laserfiche WebLink

Home Browse Search

Indian River County ( Impact Fee Update Study Table II-1 Correctional Facilities Land and Building Inventory Year Numberof Square Number Land Building Total Facility Description Acquired/Built(l) Acres(i) Feet(i) of Beds(l) Value(2) Value(3) Building an( Land Va IRC Correctional Facility Phase I(s) 1987 149 9.81 $490,500 IRC Correctional Facility Phase Il(s) 1988 67,716 120 $16,929,000 $17,919,500 IRC Correctional Facility Phase III 1991 10.00 142 $500,000 IRC Correctional Facility Phase IV 2008 16.70 181,000 301 $835,000 $45,250,000 $46,085,000 Miscellaneous Buildings on Site(6) Guardhouse n/a n/a 100 n/a n/a $12,500 $12,500 Guardhouse n/a n/a 100 n/a n/a $12,500 $12,500 Maintenance Shop 2008 n/a 100 n/a n/a $12,500 $12,500 Warehouse Visitation 2008 n/a 8,884 n/a n/a 1 $1,110,500 $1,110,500 Total 36.51 257,900 712 $1,825,500 $63,327,000 $65,152,500 Operational Capacity Beds(7) 612 Building Value per Square Foot(8) $246 Land Value perAcre(9) $50,000 (1) Source: Indian River County (2) Number of acres multiplied by the land value per acre(Item 9) (3) Square feet multiplied by$250 in the case of correctional facilities and$125 in the case of miscellaneous buildings (4) Sum of land and building value (5) Since the Correctional Facility and Detention Complex and the Sheriff's Administration Building are located at the same site, it was assumed that each occupies 50 percent of the site (6) These buildings are on the same parcels as the correctional facilities (7) Operational capacity beds is lower due to requirements to keep inmates separate based on their custody levels and classifications (8) Total building value(Item 3)divided by total square footage (9) Estimated based on vacant land sales and values for parcels with similar acreage as well as the value of the current inventory Tindale-Oliver&Associates, Inc. Indian River County Z June 2014 13 Impact Fee Update Study 00