01/21/2014 - Laserfiche WebLink

Home Browse Search

• • Indian River County 1 Impact Fee Update Study Given this data, the value of prime buildings is estimated at $200 per square foot and the support buildings at $50 per square foot. The value for support buildings took into .consideration the insurance values of not only law enforcement support buildings, but also those of public buildings, as presented in Table F-4. These unit figures provided a weighted average cost of $197 per square foot, which is 50 percent higher than the value included in the 2005 study, which was based on historical costs provided by the County and is the same value included in the 2007 study. Table F-3 arVj Law Enforcement BuildingA/alue • (3) (4) (5) Source: Indian River Countyit z� Source: Indian River County Shenff.,s Master Plan. Source: Indian River4County, includes buildings foi' which information.was available Source: Indian Rive ountyat,, includes�buildings forth information was available Recent impact fee studie-s representsaweighted average of prime and support buildings irit .,. sc:, PubIic1Bdildings Similar :to..law enforcement,buildings,public buildings also tend to include a wide range of buildings,such as offices, courthouses; maintenance buildings, parking garages, etc. as well ink as prime versus support buildings. The most recent public buildings constructed in Indian River County were-4ompleted rnb 2007. Given the changes in construction costs since then these cost figures wereconsidered outdated and not used. The County has plans to add approximately 10,000 square feet of courtroom space over the next five years, and the cost associated with this expansion is estimated at $200 per square foot. As presented in Table F-4, the insurance value of existing prime buildings averaged $210 per square foot and support buildings averaged $46 per square foot. Finally, the building value of prime and support facilities in other Florida jurisdictions for which information was available, range from $135 to $200 per square foot. Tindale -Oliver & Associates, Inc. January 2014 Indian River County F-5 Impact Fee Update Study Source — Construction of Crime Scene Investigation —--Square Centerv�. Year Building Cost per 1 Foot 2013 • $197 Future Planned Facilities(z) N/A : , $250 to $300 Insurance Values of Existing Buildings (pnme)131 < • 2013 ` _: $165 Insurance Values of Existing Buildmgs,.(support)col , C 2013 t $65 Recent Public Building Construction in ® ther, Florida Countie ISj„ 2010-2012 $175 - $270 Used in the Study -- Prime Buildings ts. 2013 $200 Used in the Study -- Support ortBuildings , 0 `2013 $50 • (3) (4) (5) Source: Indian River Countyit z� Source: Indian River County Shenff.,s Master Plan. Source: Indian River4County, includes buildings foi' which information.was available Source: Indian Rive ountyat,, includes�buildings forth information was available Recent impact fee studie-s representsaweighted average of prime and support buildings irit .,. sc:, PubIic1Bdildings Similar :to..law enforcement,buildings,public buildings also tend to include a wide range of buildings,such as offices, courthouses; maintenance buildings, parking garages, etc. as well ink as prime versus support buildings. The most recent public buildings constructed in Indian River County were-4ompleted rnb 2007. Given the changes in construction costs since then these cost figures wereconsidered outdated and not used. The County has plans to add approximately 10,000 square feet of courtroom space over the next five years, and the cost associated with this expansion is estimated at $200 per square foot. As presented in Table F-4, the insurance value of existing prime buildings averaged $210 per square foot and support buildings averaged $46 per square foot. Finally, the building value of prime and support facilities in other Florida jurisdictions for which information was available, range from $135 to $200 per square foot. Tindale -Oliver & Associates, Inc. January 2014 Indian River County F-5 Impact Fee Update Study