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Indian River County 1 Impact Fee Update Study <br />Table F-1 <br />Correctional Facilities Building Value <br />Source <br />Construction of IRC Jail Unit 01 <br />Year <br />2008 <br />Building Cost per <br />Square Foot <br />$288 <br />Estimates fora Future Jail <br />N/A <br />N/A <br />Insurance Values of Existing Jail Buildings(2) <br />2013 <br />$140- $220 <br />Recent Jail Construction in Other Florida Counties(3) <br />2009, 2013 <br />$225 <br />Estimates from National Construction Companies(4) <br />2013 <br />$270-$300 <br />Estimates from Florida Architects(5) <br />2013 <br />$285-$445 <br />Used in the Study <br />1 <br />2013 I <br />$250 <br />(1) Source: Indian River County <br />(2) Source: Indian River County, figures rounded to nearest $10 <br />(3) Source: AJAX Engineering and Florida Department of Correctional Facilities, figures rounded to <br />nearest $10 <br />(4) Source: Reed Construction <br />(5) Based on discussions with industry architects for a range of a typical jail in Florida based on their <br />experience <br />To determine the building value of the support facilities, such as the guard house, <br />maintenance shop, etc., insurance value of the existing buildings was reviewed. This <br />analysis suggested a unit cost of $125 per square foot. <br />Emergency Services Facilities <br />As part of this analysis, TOA contacted several Florida jurisdictions to obtain more recent <br />cost information. The bids and estimates received in 2010 for facilities built in 2010 or 2012 <br />range from $190 to $300 per square foot (excluding furniture/fixture/equipment, site <br />preparation cost, permits, fees and other similar expenses). The following chart presents <br />the building construction cost trends based on bids, estimates, and other information <br />obtained during the previous impact fee studies completed by TOA. As presented, the <br />variation in station costs is relatively minor over the past few years. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 <br />F-2 Impact Fee Update Study <br />2Sk <br />