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• <br />• <br />• <br />Indian River County Impact Fee Update Study <br />Table X-4 <br />Weighted Average Vehicle -Miles of Capacity per Lane Mile <br />(1) Source: Appendix C Table C-17 <br />(2) Source: Appendix C Table C-17 <br />(3) Vehicle miles of capacity added (Item 2) divided by laneles added (Item 1) <br />(4) Total vehicle miles of capacity added for county.afiateroads (Item 2) divided by the <br />total lane miles added (Item 1) <br />Cost per Vehicle -Mile of Capacity Added <br />The impact fee cost per unit of development "is assessed based on the cost per vehicle -mile <br />of capacity. As shown in Tables X--3 and X-4, the cost,and capacity for county roads have <br />been calculated based on typical roadway improvemee is As shown in Table X-5, the cost <br />per VMC for travel within IRC is a p y <br />pproximatel. $314. Thiaverage cost per VMC figure is <br />Mx <br />used in the impact fee calculation <br />determine the "total impact cost per unit of <br />development based on the vehicle-miles.of travelLconsumed. For.each vehicle -mile of travel <br />that is added to the;road system ;;approximately $314 of roadway capacity is consumed. <br />Table X`5 <br />Weighted Average Cost<per VehicIeMile of Capacity Added <br />Source <br />Source <br />County Roads <br />Lane -Mile if <br />) Add ed''__ _ <br />201.90 <br />Vehicle Miles of <br />Capacity <br />1,632,287 <br />(3) <br />Cost per VMC(3� <br />VMC Added per <br />Lane..Milel3l <br />8,085 <br />State Roads <br />19.00 <br />191,352 <br />10,071 <br />Total <br />220.90 <br />1,823,639 <br />State Roads <br />Weighted <br />Average VMC Added per Lane Mile(4) <br />8,255 <br />8,255 <br />$313.87 <br />(1) Source: Appendix C Table C-17 <br />(2) Source: Appendix C Table C-17 <br />(3) Vehicle miles of capacity added (Item 2) divided by laneles added (Item 1) <br />(4) Total vehicle miles of capacity added for county.afiateroads (Item 2) divided by the <br />total lane miles added (Item 1) <br />Cost per Vehicle -Mile of Capacity Added <br />The impact fee cost per unit of development "is assessed based on the cost per vehicle -mile <br />of capacity. As shown in Tables X--3 and X-4, the cost,and capacity for county roads have <br />been calculated based on typical roadway improvemee is As shown in Table X-5, the cost <br />per VMC for travel within IRC is a p y <br />pproximatel. $314. Thiaverage cost per VMC figure is <br />Mx <br />used in the impact fee calculation <br />determine the "total impact cost per unit of <br />development based on the vehicle-miles.of travelLconsumed. For.each vehicle -mile of travel <br />that is added to the;road system ;;approximately $314 of roadway capacity is consumed. <br />Table X`5 <br />Weighted Average Cost<per VehicIeMile of Capacity Added <br />Source <br />Cost per Lane <br />Average VMC <br />Added per Lane <br />Mile (2) <br />(3) <br />Cost per VMC(3� <br />— — -- <br />County Roads <br />_ —_ <br />1$2,556,000 <br />8,085 <br />$316.14 <br />10,071 <br />$292.82 <br />State Roads <br />'_ $2,949,000 <br />Weighted Average <br />$2,591,000 <br />8,255 <br />$313.87 <br />(1) Source: Table X-3 <br />(2) Source: Table X 4 <br />(3) Cost per lane mile (Item 1) divided by average capacity added per lane mile (Item 2) <br />It is important to note that capacity projects eligible for impact fee funding include not only <br />new construction and lane additions, but also associated intersection improvements, traffic <br />signalization, and other amenities and technology improvements that allow for additional <br />vehicle capacity. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />111 Impact Fee Update Study <br />