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Cost Component Cost per Student Station In determining the cost of providing public school facilities in IRC , the first step is to calculate the facility cost per student station . Several cost components must be considered when calculating the total cost of constructing a school facility . These cost components include construction costs , design and engineering costs associated with construction, public utility connection costs , furniture , fixtures , and equipment (FF & E) costs , and the cost of land . The weighted average construction cost per square foot for each of type of school is developed based on these cost components . School Facility Costs In order to determine the cost per square foot to construct elementary , middle , and high schools in IRC , the recommended construction cost per student station for each school type by the Florida Department of Education (DOE) is used . The DOE calculates the typical construction cost per student station figures on a monthly basis , using the Consumer Price Index (CPI ) . For calculation purposes , the DOE construction cost figures for January 2005 are used . Because the DOE costs are inflated on a monthly basis according to the CPI , these costs do not take into account the recent increase in school facility costs that have occurred statewide , due to the 2004 hurricane season and market fluctuations for building materials . In addition to the actual cost of the school facility , design and engineering costs , public utility connection costs , FF &E costs , and the cost of land are also determined for each type of school by taking a percentage of the total construction cost per facility . The various percentages used for each of these cost calculations are based on the costs of recently constructed school facilities in IRC . Land Costs In addition to the cost of constructing the school facility , the cost of that land that the school is constructed on must be considered . The land cost per student station for each school type is determined by using a cost per acre figure of $34 , 136 , which is based on recent sales of vacant parcels in IRC of 40 to 130 acres , as shown in Appendix B , Table B -2 . The cost of land per square foot by school type is determined by multiplying the $34 , 136 per acre by the typical number of acres purchased for each type of school by the School District, which is 20 acres per elementary school , 40 acres per middle school , and 80 acres per high school and dividing by the typical square footage of a elementary , middle , and high school in IRC . The cost of land per square foot is then added to the total facility cost per square foot by school type . Tindale -Oliver & Associates , Inc . Indian River County May 2005 IX - 6 Impact Fee Study