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Indian River County I Impact Fee Update Study <br />Table 11-1 <br />Correctional Facilities Land and Building Inventory <br />Facility Description,,,(3 <br />IRC Correctional Facility Phase I(5) <br />Year <br />Acquired/Built <br />1987 <br />Number of <br />Acres(/) <br />9.81 <br />Square <br />Feet(1) <br />67,716 <br />Number <br />of Beds(1) <br />149 <br />Land <br />Value(2) <br />$490,500 <br />Building <br />Value'(4) <br />$16,929,000 <br />Total <br />Building and <br />Land Value <br />$17,919,500 <br />IRC Correctional Facility Phase II(5) <br />1988 <br />120 <br />IRC Correctional Facility Phase III <br />1991 <br />10.00 <br />142 $500,000 <br />IRC Correctional Facility Phase IV <br />2008 <br />16.70 <br />181,000 <br />301 $835,000 <br />$45,250,000 <br />$46,085,000 <br />Miscellaneous Buildings on Site(6): <br />Guardhouse <br />n/a <br />n/a <br />100 <br />n/a <br />n/a <br />$12,500 <br />$12,500 <br />Guardhouse <br />n/a <br />n/a <br />100 <br />n/a <br />n/a <br />$12,500 <br />$12,500 <br />Maintenance Shop <br />2008 <br />n/a <br />100 <br />n/a <br />n/a <br />$12,500 <br />$12,500 <br />Warehouse Visitation <br />2008 <br />n/a <br />8,884 <br />n/a <br />n/a <br />$1,110,500 <br />$1,110,500 <br />Total <br />36.51 <br />257,900 <br />712 <br />$1,825,500 <br />$63,327,000 <br />$65,152,500 <br />Operational Capacity Beds() <br />612 <br />Building Value per Square Foot(8) <br />$246 <br />Land Value per Acre(9) <br />1 $50,000 <br />(1) Source: Indian River County <br />(2) Number of acres multiplied by the land value per acre (Item 9) <br />(3) Square feet multiplied by $250 in the case of correctional facilities and $125 in the case of miscellaneous buildings <br />(4) Sum of land and building value <br />(5) Since the Correctional Facility and Detention Complex and the Sheriff's Administration Building are located at the same site, it was assumed that each <br />occupies 50 percent of the site 1 <br />(6) These buildings are on the same parcels as the correctional facilities <br />(7) Operational capacity beds is lower due to requirements to keep inmates separate based on their custody levels and classifications <br />(8) Total building value (Item 3) divided by total square footage <br />(9) Estimated based on vacant land sales and values for parcels with similar acreage as well as the value of the current inventory <br />Tindale -Oliver & Associates, Inc. <br />i June 2014 <br />DO <br />Indian River County <br />13 Impact Fee Update Study <br />