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Indian River County 1 Impact Fee Update Study
<br />• were estimated at 83 percent of the state average of $2.44 million. Additional detail is
<br />provided in Appendix C, Table C-15.
<br />Table X-2
<br />Estimated Total Cost per Lane Mile for State Roads
<br />(1) Source: Appendix C, Table C-3
<br />2) Source: Appendix C, Table C-5
<br />3) Source: Appendix C, Table C-7
<br />(4) Source: Appendix C, Table C-9
<br />Summary of Costs (Blended Cost Analysis)
<br />The weighted average,cost per lane mile for county and state .roads is presented in Table X-
<br />Wkte
<br />3. The resulting weighted average .cost of approximately $2.59 million per lane mile was
<br />la
<br />utilized as the roadway (cost input in the calculation of the transportation impact fee
<br />.., ` ,
<br />scheduleThe weighted average costper lane mie includes county and state roads and is
<br />'imbased on weighting`Yahe lanemiles ofbiiroadway improvements in the Long Range
<br />Transportation Plan (LRTP.);
<br />Compared to"theqprevious transportation impact fee update, the estimated cost of $2.59
<br />million representssa slight increase in the unit cost per lane mile for roadway. The previous
<br />cost, established in ai2004>Traffic Impact Fee Study, was estimated at $2.46 million. This
<br />represents a five percentincrease in the roadway unit cost per lane mile since the 2004
<br />study.
<br />Compared to recent transportation impact fee studies completed throughout Florida in the
<br />past few years, the unit cost per lane mile estimated in this update is considerably lower.
<br />Recent unit costs have ranged from approximately $2.91 million to $4.44 million, with an
<br />average cost of $3.61 million. The lower costs in Indian River County can be attributed to
<br />the lower construction costs observed in recent local bids as well as the mix of planned
<br />Tindale -Oliver & Associates, Inc.
<br />January 2014
<br />Indian River County
<br />109 Impact Fee Update Study
<br />Cost Phase
<br />__
<br />_ 1
<br />Cost
<br />per Lane Mile
<br />Urban
<br />Design
<br />Rural
<br />Design J
<br />Weighted i
<br />_Average__
<br />$196,000
<br />Design11l
<br />$220,000
<br />$183,000
<br />Right-of-Way(2)
<br />$880,000
<br />$730,000
<br />$781,000
<br />Construction13)
<br />$2,000,000
<br />$1,660,000
<br />$1,776,000
<br />CEI (4)
<br />$220,000
<br />$183,000
<br />$196,000
<br />Total Cost
<br />$3,320,000
<br />$2,756,000
<br />, $2,949,000
<br />(1) Source: Appendix C, Table C-3
<br />2) Source: Appendix C, Table C-5
<br />3) Source: Appendix C, Table C-7
<br />(4) Source: Appendix C, Table C-9
<br />Summary of Costs (Blended Cost Analysis)
<br />The weighted average,cost per lane mile for county and state .roads is presented in Table X-
<br />Wkte
<br />3. The resulting weighted average .cost of approximately $2.59 million per lane mile was
<br />la
<br />utilized as the roadway (cost input in the calculation of the transportation impact fee
<br />.., ` ,
<br />scheduleThe weighted average costper lane mie includes county and state roads and is
<br />'imbased on weighting`Yahe lanemiles ofbiiroadway improvements in the Long Range
<br />Transportation Plan (LRTP.);
<br />Compared to"theqprevious transportation impact fee update, the estimated cost of $2.59
<br />million representssa slight increase in the unit cost per lane mile for roadway. The previous
<br />cost, established in ai2004>Traffic Impact Fee Study, was estimated at $2.46 million. This
<br />represents a five percentincrease in the roadway unit cost per lane mile since the 2004
<br />study.
<br />Compared to recent transportation impact fee studies completed throughout Florida in the
<br />past few years, the unit cost per lane mile estimated in this update is considerably lower.
<br />Recent unit costs have ranged from approximately $2.91 million to $4.44 million, with an
<br />average cost of $3.61 million. The lower costs in Indian River County can be attributed to
<br />the lower construction costs observed in recent local bids as well as the mix of planned
<br />Tindale -Oliver & Associates, Inc.
<br />January 2014
<br />Indian River County
<br />109 Impact Fee Update Study
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