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• <br />• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Cost Component <br />Costs are calculated separately for facilities and items/equipment. Facility costs are based <br />on the estimated cost to add the next library building, and the cost of library items and <br />equipment is based on the estimated current value per unit. <br />Buildings and Land <br />Table V-7 summarizes the calculation of library facility andland values. The total impact <br />cost or total value per resident for library buildings and landin Indian River County is $141. <br />Building and Landj ostgper Resident <br />Element <br />Figure <br />Total Building Value (1). <br />$26,456;8,80 <br />_ <br />Total Land Value(Z) M«.. <br />a <br />$414,750 <br />Total Building <br />and db1E&z (3) lue <br />.w <br />N <br />$26,871,630 <br />BuildingSquare <br />Footage : <br />110,237 <br />Total Building and Land Cost <br />a(Sj- . <br />per�Square Footcjk. <br />$243.76 <br />Adopte&L"oS;Standard <br />(sf per 1,000 residents)(6) 1 <br />> `. <br />�.., <br />580 <br />TotalJ6lding <br />inc <br />nalland Cosi ppe.r, Residnt <br />%.; <br />$141.38 <br />(1) Source:Table Vein <br />(2) Source: TTable V-1,1 <br />(3) Sum of<buildingvalue(Item 1) andland value (item 2) <br />. <br />Source: Table>V <br />Building andand value (Itemt3) divided by building square footage (Item 4) <br />‘14j <br />(6) <br />(6) V-4Table <br />(7) Total building andland per square foot (Item 5) multiplied by the <br />adopted LOSS (Item 6rdivided by 1 000 <br />Library MateriaIsfand Equipment <br />The following table provides a summary of library materials and equipment costs per <br />resident, which amounts 175. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />52 Impact Fee Update Study <br />