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Indian River County 1 Impact Fee Update Study <br />Table VII -5 <br />Unit Cost per Functional Resident <br />Component <br />BuildingValue(1) <br />Cost <br />$13,450,200 <br />Percent of <br />Total <br />Value(9) <br />55.98% <br />Land Value(2) <br />$628,000 <br />2.61% <br />Vehicle and Equipment Value(3) <br />$9,950,597 <br />41.41% <br />Total Asset Value() <br />$24,028,797 <br />100.00% <br />Number of Officers(5) <br />185 <br />Total Asset Value per Officer(6) <br />$129,885 <br />Level -of -Service (Officers/1,000 Functional Residents)(') <br />2.11 <br />Cost per Functional Resident(8) <br />$274.06 <br />(1) Source: Table VII -1 <br />(2) Source: Table VII -1 <br />(3) Source: Table VII -2 <br />(4) Sum of building value (Item 1), land value (Item 2), and vehicle/equipment value (Item 3) <br />(5) Source: Table VII -3 <br />(6) Total asset value (Item 4) divided by number of officers (Item 5) <br />(7) Source: Table VII -3 <br />(8) Total asset value per officer (Item 6) multiplied by the LOS (Item 7) divided by 1,000 <br />(9) Distribution of building, land, vehicle and equipment values <br />Credit Component <br />A review of historical expenditures as well as projects programmed in the Five -Year CIP <br />suggested that there were no non -impact fee funding used toward capacity projects <br />between 2008 and 2017. As such, a credit for non -impact fee funding is not needed. <br />Net Law Enforcement Impact Cost <br />Given that there is no credit, net law enforcement impact cost is $274 per resident, as <br />shown previously in Table VII -5, which is also the relevant LOS measure for impact fee <br />calculation purposes. <br />Calculated Law Enforcement Impact Fee Schedule <br />A law enforcement impact fee schedule was developed for residential and non-residential <br />land uses and is illustrated in Table VII -6. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 85 Impact Fee Update Study <br />120 <br />