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Indian River County 1 Impact Fee Update Study <br />Cost Component <br />The cost of providing roadway system capacity has decreased in recent years. Construction <br />costs increased significantly in Florida between 2005 and 2007 due to additional <br />construction demand caused by hurricanes, the housing market growth, and other factors. <br />Appreciation in land values also resulted in higher right-of-way (ROW) costs during the same <br />period. In early 2008, costs started to stabilize, and in recent years, communities have <br />experienced a decrease in construction costs, returning to levels seen before 2005. Cost <br />information from Indian River County, other Florida Counties, and the Florida Department <br />of Transportation (FDOT) was reviewed to develop a unit cost for all phases involved in the <br />construction of one lane -mile of roadway capacity. The following subsections summarize <br />the methodology and findings of the total unit cost analysis for county and state roads. <br />Appendix C provides the data and other support information utilized in these analyses. <br />County Roadway Costs <br />This section examines the right-of-way (ROW), construction, and other cost components <br />associated with county roads with respect to transportation capacity improvements in <br />Indian River County. For this purpose, recent bid data for ongoing projects provided by the <br />County and recent construction bid data from county roadway projects throughout Florida <br />were used to identify and provide supporting cost data for county improvements. The cost <br />for each roadway capacity project was separated into four phases: design, <br />construction/engineering inspection (CEI), ROW and construction. <br />Design and CEI <br />Design costs for county roads were estimated at 10 percent construction phase costs based <br />on a review of cost data collected for recent transportation impact fee studies throughout <br />Florida. Additional detail is provided in Appendix C, Table C-10. <br />CEI costs for county roads were estimated at 9 percent of construction phase costs based on <br />a review of cost data collected for recent transportation impact fee studies throughout <br />Florida. Additional detail is provided in Appendix C, Table C-16. <br />Right -of -Way <br />The ROW cost reflects the total cost of the acquisitions along a corridor that were necessary <br />to have sufficient cross-section width to widen an existing road or, in the case of new <br />construction, to build a new road. A review of recent ROW cost data for Indian River <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 109 Impact Fee Update Study <br />i4y <br />