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Indian River County I Impact Fee Update Study <br /> Cost Component <br /> Costs are calculated separately for facilities and items/equipment. Facility costs are based <br /> on the estimated cost to add the next library building, and the cost of library items and <br /> equipment is based on the estimated current value per unit. <br /> Buildings and Land <br /> Table V-7 summarizes the calculation of library facility and land values. The total impact <br /> cost or total value per resident for library buildings and land in Indian River County is$141. <br /> Table V-7 <br /> Building and Land Cost per Resident <br /> Element Figure <br /> Total BuildingValuelll $26,456,880 <br /> Total Land Value(2) 414 750 <br /> Total Building and Land Value(3) $26,871,630 <br /> Building Square Footage(4) 110,237 <br /> Total Building and Land Cost per Square Foot(5) $243.76 <br /> Adopted LOS Standard(sf per 1,000 residents)(6) 580 <br /> Total Building and Land Cost per Resident(7) $141.38 <br /> Ti—) Source:Table V-1 <br /> (2) Source:Table V-1 <br /> (3) Sum of building value(Item 1)and land value(item 2) <br /> (4) Source:Table V-1 <br /> (5) Building and land value(Item 3)divided by building square footage(Item 4) <br /> (6) Source:Table V-4 <br /> (7) Total building and land value per square foot(Item 5)multiplied by the <br /> adopted LOSS(Item 6)divided by 1,000 <br /> Library Materials and Equipment <br /> The following table provides a summary of library materials and equipment costs per <br /> resident, which amounts to$175. <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 56 Impact Fee Update Study <br /> 91 <br />