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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Capital Improvement Credit <br />Table V-9 summarizes the library related capital expansion projects that are funded by state <br />grants. The table includes recent expenditures for the years 2008 through 2017. The <br />average annual capital expansion expenditure during this five-year period is $0.34 per <br />resident. This figure is calculated by dividing the average annual total capital expenditure <br />amount for the ten-year period by the County s average population during the same time <br />period. <br />Table V-9 <br />Historical Library Capital Expansion jkb, ding Sources <br />(1) Source Indian River County <br />(2) Average expenditure per year <br />(3)„so�urce: AppendixRA, Table A 1 �� <br />(4) Average.annual capacity expansioritexpendrtures$(Item 2) divided by the average annual <br />population (Item 3) <br />wivc <br />sft)k <br />Net Library' Facilities Impact Cost <br />cg <br />The net impact fee per residence is the difference between the cost component and the <br />credit component. Table V-10 summarizes the calculation of the net library impact cost per <br />resident. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />54 Impact Fee Update Study <br />Fiscal Year <br />—JI__ <br />State Library <br />h) <br />Grant_— , <br />Total <br />— <br />-- <br />Construction of Brackett Library <br />FY 2008 <br />$0 <br />$0 <br />L $0 <br />FY 2009\Nen;0 <br />$300,000 <br />x$300,000 <br />FY 2010 <br />' <br />$200,000 <br />$200,000 <br />nCkPelatt• <br />FY 2011- FY42017„ Ye <br />Total x$4.4.:., <br />;` <br />$500,000 <br />$500,000 <br />Average <br />Annual Capacity Expansion, <br />VAcite <br />Expenditures(2) <br />$50,000 <br />$50,000 <br />Average <br />Annual Populationl3l <br />'"; :, <br />148,070 <br />Capital <br />Expansion <br />Credit <br />p r Residen & <br />(1) Source Indian River County <br />(2) Average expenditure per year <br />(3)„so�urce: AppendixRA, Table A 1 �� <br />(4) Average.annual capacity expansioritexpendrtures$(Item 2) divided by the average annual <br />population (Item 3) <br />wivc <br />sft)k <br />Net Library' Facilities Impact Cost <br />cg <br />The net impact fee per residence is the difference between the cost component and the <br />credit component. Table V-10 summarizes the calculation of the net library impact cost per <br />resident. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />54 Impact Fee Update Study <br />