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Indian River County 1 Impact Fee Update Study <br />Table V-8 <br />Library Materials and Equipment Cost per Resident <br />Element <br />Library Materials Value per Items�1 <br />Figure <br />$54 <br />Adopted LOS Standard for Materials per Resident(2) <br />3.20 <br />Library Materials Value per Resident(3) <br />$172.80 <br />Computers - Unit Valuel4i <br />$1,450 <br />Adopted LOS Standard for Computers per Residentlsl <br />0.0007 <br />Computer Value per Resident(6) <br />$1.02 <br />Other Library Equipment Value per Item(7) <br />$4,829 <br />Adopted LOS Standard for Other Library Equipment per Resident(8) <br />0.0002 <br />Other Library Equipment Value per Resident(9) <br />$0.97 <br />Total Materials and Equipment Cost per Resident(10) <br />$174.79 <br />(1) Source: Table V-2 <br />2) Source: Table V-4 <br />3) Library materials value per item (Item 1) multiplied by the adopted LOS standard for <br />materials per resident (Item 2) <br />(4) Source: Table V-3; Total value divided by the number of items available for public use <br />(5) Source: Table V-4 <br />(6) Unit value of computers (Item 4) multiplied by the adopted LOS standard for <br />computers per resident (Item 5) <br />(7) Source: Table V-3; Total value divided by the number of items available for public use <br />(8) Source: Table V-4 <br />(9) Other library equipment cost (Item 7) multiplied by the adopted LOS standard for other <br />library equipment per resident (Item 8) <br />(10) Sum of library materials, computer, and other library equipment costs per resident <br />(Items 3, 6, and 9) <br />Credit Component <br />To avoid overcharging new development, a review of funding for library capital expansion <br />projects over the past five years and those programmed for the next five years was <br />completed. The purpose of this review was to determine any potential revenues generated <br />by new development, other than impact fees, that are being used or will be used to fund <br />the expansion of capital facilities, land, and materials for the County's libraries program. <br />This review suggests that historically the County used primarily State grants to fund a <br />portion of capacity expansion over the past five years and has no capacity projects included <br />in the CIP. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 57 Impact Fee Update Study <br />CO— <br />