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Indian River County 1 Impact Fee Update Study <br />Cost Component <br />Costs are calculated separately for facilities and items/equipment. Facility costs are based <br />on the estimated cost to add the next library building, and the cost of library items and <br />equipment is based on the estimated current value per unit. <br />Buildings and Land <br />Table V-7 summarizes the calculation of library facility and land values. The total impact <br />cost or total value per resident for library buildings and land in Indian River County is $141. <br />Table V-7 <br />Building and Land Cost per Resident <br />Element <br />Total Building Value (1) <br />Figure <br />$26,456,880 <br />Total Land Value1�1 <br />$414,750 <br />Total Building and Land Value(3) <br />$26,871,630 <br />Bui Idi ng Square Footagei4l <br />110,237 <br />Total Building and Land Cost per Square Foot(5) <br />$243.76 <br />Adopted LOS Standard (sf per 1,000 residents)161 <br />580 <br />Total Building and Land Cost per Resident(') <br />$141.38 <br />(1) Source: Table V-1 <br />(2) Source: Table V-1 <br />(3) Sum of building value (Item 1) and land value (item 2) <br />(4) Source: Table V-1 <br />(5) Building and land value (Item 3) divided by building square footage (Item 4) <br />(6) Source: Table V-4 <br />(7) Total building and land value per square foot (Item 5) multiplied by the <br />adopted LOSS (Item 6) divided by 1,000 <br />Library Materials and Equipment <br />The following table provides a summary of library materials and equipment costs per <br />resident, which amounts to $175. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 56 Impact Fee Update Study <br />