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( 15 ) Source : Table VI - 15 <br /> ( 16 ) Total impact cost per resident (Item 14 ) multiplied by effective vacant land <br /> percentage (Item 15 ) <br /> ( 17) Sum of library equipment credit (Item 3 ), credit per resident from optional sales tax <br /> and bequests ( Item 13 ), and vacant land credit (Item 16 ) . <br /> Existing Deficiencies <br /> Because the County will adopt the existing LOS as the standard for all library capital <br /> items , there are no existing deficiencies . While there are no existing deficiencies , <br /> adopting the existing LOS as the standard does , in fact, create the need to expand <br /> facilities in the near future to meet the needs of new growth . <br /> Net Library Facility , Items , and Equipment Impact Cost <br /> To calculate the net impact cost, the total credit per resident is subtracted from the total <br /> impact cost per resident . This includes reducing the impact cost to reflect external <br /> revenues exclusive of impact fees (primarily from optional sales tax and bequests ) that <br /> may be available to help finance library facilities and future purchases of library items <br /> and equipment . As presented in Table VI - 18 , net impact cost is $ 202 per resident . <br /> Table VI - 18 <br /> Net Library Facilities Impact Cost <br /> Impact Cost/Credit Element Imp ct Cost Revenue Credit <br /> Building and Land Cost per Resident $ 147 . 05 <br /> Library Materials Cost per Resident (2) $ 141 . 25 <br /> Library Equipment Cost per Resident (3 ) $ 1 . 25 <br /> Total Impact Cost (4) $289 . 55 <br /> Total Credit per Resident ( 5 ) ( $ 87 . 85 ) <br /> Net Impact Cost per Resident (6 ) $ 201 . 70 <br /> ( 1 ) Source : Table VI - 10 <br /> (2 ) Source : Table VI- 13 <br /> (3 ) Source : Table VI- 13 <br /> (4 ) The sum of building, land, materials , and equipment costs (Items 1 , 2 , and 3 ) <br /> (5 ) Source : Table VI - 17 <br /> (6) Total impact cost per resident (Item 4 ) less total credit per resident (Item 5 ) <br /> Persons per Housing Unit by Land Use <br /> The final calculation of the library impact fee is dependent on household size (residents <br /> per housing unit) , which varies by residential land use . Table VI - 19 presents the <br /> residents per housing unit for residential land uses to be included in the library impact fee <br /> schedule . The calculations for these figures were presented in Section II , Table II - 6 . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 VI - 19 Impact Fee Study <br />