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Indian River County 1 Impact Fee Update Study
<br />Table VIII -5
<br />Facility(1)
<br />Description
<br />Basketball Court
<br />Recreational
<br />Unit
<br />court
<br />(2)
<br />Unit Value
<br />$55,000
<br />Facility
<br />Neighborhood/
<br />Community
<br />Count(3)
<br />5
<br />Asset Value
<br />Parks
<br />Total Value)
<br />$275,000
<br />Regional
<br />Countm
<br />5
<br />Parks
<br />Total Value(6)
<br />$275,000
<br />Total Cost
<br />5550,000
<br />Boat Ramp
<br />ramp lane
<br />$100,000
<br />0
<br />$0
<br />18
<br />$1,800,000
<br />$1,800,000
<br />Canoe Launch
<br />launch
<br />$188,000
<br />1
<br />$188,000
<br />4
<br />$752,000
<br />$940,000
<br />Community Center
<br />sq ft
<br />$180
<br />1,401
<br />$252,180
<br />6,006
<br />$1,081,080
<br />$1,333,260
<br />Dune Walkover
<br />walkover
<br />$43,000
<br />0
<br />$0
<br />7
<br />$301,000
<br />$301,000
<br />Fishing Pier
<br />pier
<br />$12,500
<br />1
<br />$12,500
<br />14
<br />$175,000
<br />$187,500
<br />Jogging Trails
<br />mile
<br />$150,000
<br />1.0
<br />$150,000
<br />5.5
<br />$825,000
<br />$975,000
<br />Lifeguard Tower
<br />tower
<br />$25,000
<br />0
<br />$0
<br />5
<br />$125,000
<br />$125,000
<br />Maintenance Facility
<br />sq ft
<br />$100
<br />0
<br />$0
<br />8,850
<br />$885,000
<br />$885,000
<br />Multi -Purpose Bldg
<br />sq ft
<br />$150
<br />0
<br />$0
<br />76,600
<br />$11,490,000
<br />$11,490,000
<br />Olympic Aquatic Center
<br />center
<br />$3,000,000
<br />0
<br />50
<br />1
<br />$3,000,000
<br />$3,000,000
<br />Picnic Pavilion
<br />pavilion
<br />$40,000
<br />5
<br />$200,000
<br />54
<br />$2,160,000
<br />$2,360,000
<br />Playground
<br />playground
<br />$90,000
<br />5
<br />$450,000
<br />8
<br />$720,000
<br />$1,170,000
<br />Restroom
<br />restroom
<br />$85,000
<br />4
<br />$340,000
<br />28
<br />$2,380,000
<br />$2,720,000
<br />Soccer Field
<br />field
<br />$325,000
<br />0
<br />$0
<br />6
<br />$1,950,000
<br />$1,950,000
<br />Softball Field
<br />field
<br />$500,000
<br />2
<br />$1,000,000
<br />12
<br />$6,000,000
<br />$7,000,000
<br />Swimming Pool
<br />pool
<br />$2,000,000
<br />0
<br />$0
<br />1
<br />$2,000,000
<br />$2,000,000
<br />Tennis Courts
<br />court
<br />$50,000
<br />1
<br />$50,000
<br />4
<br />$200,000
<br />$250,000
<br />Volleyball Court
<br />court
<br />$20,000
<br />1
<br />$20,000
<br />3
<br />$60,000
<br />580,000
<br />Facilities and Equipment Value
<br />$2,937,680
<br />$36,179,080
<br />$39,116,760
<br />Architecture, Engineering, and Inspection @ 12.5%181
<br />$367,210
<br />$4,522,385
<br />$4,889,595
<br />Total Facilities and Equipment Valuel'1
<br />$3,304,890
<br />$40,701,465
<br />$44,006,355
<br />Total Number of Acres1101
<br />35.38
<br />511.27
<br />546.65
<br />Facilities and Equipment Value per Acre1111
<br />$93,411
<br />$79,609
<br />$80,502
<br />Level-of-Service(12)
<br />0.36
<br />5.23
<br />5.59
<br />Facilities and Equipment Value per Resident1131
<br />$33.63
<br />$416.36
<br />$449.99
<br />(1) Source: Table VIII -1
<br />(2) Based on insurance values of existing facilities, information from previous studies for IRC as well as
<br />information from other Florida jurisdictions
<br />(3) Source: Table VIII -1
<br />(4) Unit value (Item 2) multiplied by the number of units per facility (Item 3)
<br />(5) Source: Table VIII -1
<br />(6) Unit replacement value (Item2) multiplied by the number of units per facility (Item 5)
<br />(7) Sum of the total value for community parks (Item 4) and the total value of regional parks (Item 6)
<br />(8) Facility and equipment value multiplied by 12.5% based on discussions with Indian River County
<br />(9) Sum of the facilities and equipment replacement value and the architecture, engineering, and inspection
<br />cost (Item 8) for each park
<br />(10) Source: Table VIII -1
<br />(11) Total facilities and equipment cost (Item 9) divided by the total number of acres (Item 10) for each park
<br />type
<br />(12) Source: Table VIII -2
<br />(13) Facilities and equipment value per acre (Item 11) multiplied by the level -of -service (Item 12) divided by
<br />1,000
<br />Tindale -Oliver & Associates, Inc. Indian River County
<br />June 2014 96 Impact Fee Update Study
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