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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Table V-8 <br />Library Materials and Equipment Cost per Resident <br />Library <br />Materials Value <br />Element <br />- <br />per Item(1) <br />1 Figure <br />- <br />$54 <br />Adopted <br />LOS Standard for Materials <br />per Resident(2) <br />3.20 <br />Library Materials Value <br />per Resident(3) <br />$172.80 <br />Computers <br />- Unit Value(4) <br />$1,450 <br />Adopted <br />LOS Standard for Computers <br />per Resident(5) <br />0.0007 <br />Computer <br />Value <br />per Resident(6) <br />$1.02 <br />Other Library Equipment <br />Value <br />ek <br />per Item(2) amu;. <br />$4,829 <br />Adopted <br />LOS Standard for Other Library Equipment <br />t <br />per Resident(8) <br />0.0002 <br />Other Library Equipment <br />Value <br />per Residents <br />Or <br />$0.97 <br />Total Materials and Equipment <br />Cost <br />per Resident. <br />$174.79 <br />(1) Source: Table V-2. <br />(2) Source: Table V-4 <br />(3) Library materials value per item (Item 1) multipliedbwtheeadopted LOS standard for <br />materials per resident (Item 2' <br />(4) Source: Table V-3; Total value;divideihby.the number of items available for public use <br />(5) Source: Table V-4 <br />(6) Unit value of computers (Item 4) multiplied bythe adopted L®Sjstandard for <br />computers per< esident(Item 5) <br />g u <br />(7) Source: Table.V-3; Totall value divideddbythenumber ofitems available for public use <br />(8) Source: Table V-4 <br />444, <br />(9) Other libraryequipment cost (Item 7) multiplied by the adopted LOS standard for other <br />library equipment per resident (Item 8) <br />(10)`S6m,of library matenaIs;.computer,;and otherx:Iibrary equipment costs per resident <br />(Items and 9) <br />9 `... <br />Credit Component <br />To avoid overcharging new development, a review of funding for library capital expansion <br />of <br />projects over the past five . years and those programmed for the next five years was <br />completed. The purpose of this review was to determine any potential revenues generated <br />by new development, other than impact fees, that are being used or will be used to fund <br />the expansion of capital facilities, land, and materials for the County's libraries program. <br />This review suggests that historically the County used primarily State grants to fund a <br />portion of capacity expansion over the past five years and has no capacity projects included <br />in the CIP. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />53 Impact Fee Update Study <br />