Laserfiche WebLink
Cost Component <br /> Historical/Replacement Capital Costs <br /> The total cost per resident for parks and recreation facilities consists of two components : <br /> the cost of land for the parks and the cost of equipment in the parks . <br /> The cost of land for parks and recreation facilities includes more than just the purchase <br /> cost of the land . Landscaping/site improvement and utilities/paving costs also are <br /> considered , along with the cost to purchase the land . To determine the cost per resident <br /> for land , three calculations must be performed . The first calculation determines the <br /> landscaping and site improvement costs per acre , while the second calculation determines <br /> the utilities and paving cost per acre . A third , subsequent calculation then determines the <br /> cost of the actual land per resident . <br /> The landscaping and site improvement cost per acre figure was calculated using historical <br /> expenditures for the North County Regional Park, which was recently constructed in two <br /> phases and reflects typical costs for parks in IRC . Phase I includes the construction of <br /> the pool complex and related facilities , while Phase II includes construction of the multi - <br /> purpose ball fields and related facilities . The calculation of the total landscaping and site <br /> improvements cost per acre is illustrated in Table X -4 . <br /> Table X -4 <br /> Landscaping and Site Improvements Cost per Acre 1 ' 1 <br /> Improvement/Calculation'Step Figure/Cost`; <br /> North County Regional Park # of Acres(2) 115 <br /> Landscaping and Site Improvement Costs - Phase I <br /> Fencing $ 50, 000 <br /> Landscaping, Mitigation , and Grassing $225 , 000 <br /> Irrigation $ 100, 000 <br /> Landscaping and Site Improvement Costs - Phase II <br /> Fencing $ 125 ,000 <br /> Landscaping and Mitigation $ 100 , 000 <br /> Irrigation $ 100 , 000 <br /> Total Landscaping and Site Improvements Cost(3 ) $700 ,000 <br /> Landscaping and Site Improvements Cost per Acre(4) $ 69087 <br /> ( 1 ) Source : Recreation Department, IRC <br /> (2 ) Source : Table X- 1 <br /> (3 ) Sum of costs for Phase I and Phase II . <br /> (4 ) Total landscaping and site improvements cost per acre ( Item 3 ) divided by <br /> the total number of acres for North County Regional Parks (Item 2 ) . <br /> The second calculation determines the utilities and paving cost per acre . As in the case of <br /> landscaping and site improvements costs , the utilities and paving cost per acre figure also <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 X - 11 Impact Fee Study <br />