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• • Indian River County 1 Impact Fee Update Study Table F-5 Library Building Value (1) Source: Indian River County (2) Source: Indian River County (3) Source: Recent impact fee studies Parks & Recreation Facilities *O. The parks and recreation facilities impactifee inventory includes several recreational facilities. The value of these facilities is basecFon insurance values, information from other jurisdictions and discussions with the County staff Solid Waste Facilities The solid waste impact fee inventory several customer care centers. Due to the is ba ed on the recent reconstruction and 2.6 million: limited information onthese`facilities, the •et expansion of Oslo Convenien'cve:Center at a Land Values ttek art For each impact fee program area, land values were determined based on the following analysis°as data available'sr • Recent Iand.purchases&for the related infrastructure (if any); Alfwv • Value of current parcels as reported by the Indian River County Property Appraiser; • Value of vacant by size and by land use; and • Vacant land sales over the past three years by size and by land use.. It should be noted that the land value and sales analysis suggested that sales data indicates higher values than estimates included in the Property Appraiser s database for those vacant properties that have not been sold for a while. This may be due to a lag in the update of land values. The following paragraphs summarize the data used for each program area. Tindale -Oliver & Associates, Inc. January 2014 Indian River County F-7 Impact Fee Update Study 1 Source — Year Building Cost per Square Foot Construction of Brackett Library(1) -- — — — — 2009 $263 Insurance Values of Existing Libraries(2) 2013 $206 Recent Library Construction in Other Florida Counties(3) 2010-2012 $245 Used in the Study 42013 $240 (1) Source: Indian River County (2) Source: Indian River County (3) Source: Recent impact fee studies Parks & Recreation Facilities *O. The parks and recreation facilities impactifee inventory includes several recreational facilities. The value of these facilities is basecFon insurance values, information from other jurisdictions and discussions with the County staff Solid Waste Facilities The solid waste impact fee inventory several customer care centers. Due to the is ba ed on the recent reconstruction and 2.6 million: limited information onthese`facilities, the •et expansion of Oslo Convenien'cve:Center at a Land Values ttek art For each impact fee program area, land values were determined based on the following analysis°as data available'sr • Recent Iand.purchases&for the related infrastructure (if any); Alfwv • Value of current parcels as reported by the Indian River County Property Appraiser; • Value of vacant by size and by land use; and • Vacant land sales over the past three years by size and by land use.. It should be noted that the land value and sales analysis suggested that sales data indicates higher values than estimates included in the Property Appraiser s database for those vacant properties that have not been sold for a while. This may be due to a lag in the update of land values. The following paragraphs summarize the data used for each program area. Tindale -Oliver & Associates, Inc. January 2014 Indian River County F-7 Impact Fee Update Study