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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />$300 <br />$250 <br />$200 <br />$150 <br />$100 <br />$50 <br />so <br />Figure F-1 <br />Fire/EMS Station Construction Cost per Square Foot <br />• <br />1 <br />2004 2005 2006 2007 2008 2009 2010 2011 2012 <br />Source: Fire station construe cost,data collected from Florida jurisdictions <br />In determining the appropriate unit cos�ttfor station construction in Indian River County,in <br />addition to these trends, the following data was evaluate.. <br />tei <br />• The most recent <br />firestation expansion and renovation project cost was <br />aappprox matelyy $300 p squarewfoot (Stations 9 and 12) <br />The County's cur•rent Capital Improvement Plan includes an estimate ranging from <br />280 to $325 for a'aprototype.Jire station. <br />• The insurance value of existfnfire stations is $190 per square foot, which is, <br />considered to be a conservative value. <br />Based on the information summarized in Table F-2, a unit cost of $260 per square foot is <br />used for fire station buildirngvalue. This figure is based primarily on local construction cost <br />and estimates in Indian River County and is also consistent with statewide trends. Finally, it <br />is almost the same unit value used in the 2005 study and approximately 5 percent lower <br />than that used in the 2007 study ($273 per square foot). <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />F-3 Impact Fee Update Study <br />