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Table X =6 <br /> Total Land Cost per Resident ( ' ) <br /> Cost per <br /> Facility/Calculation Step Acre <br /> Land Cost per Acre( i ) $ 349136 <br /> Landscaping and Site Improvements (per acre )(2 ) $ 6 , 087 <br /> Utilities and Paving (per Acre)(3 ) $ 183433 <br /> Architecture, Engineering, and Inspection @ 15 %(4) $ 8 , 798 <br /> Total Land Cost per Acre(5) $ 67 ,454 <br /> Regional Parks LOS ( acres per 1 , 000 Residents )(6) 6 . 22 <br /> Land Cost per Resident - Regional Park Component(7) $419 .56 <br /> Neighborhood/Community Parks LOS (acres per 1 , 000 Residents )(6) 0 . 39 <br /> Land Cost per Resident - Neighborhood/Community Park Component(8) $26 .31 <br /> ( 1 ) Cost per acre is based on the purchase cost of $34 , 136 per acre, which is the average cost per <br /> acre for recently sold vacant land parcels of 40 to 130 acres in IRC . This information can be <br /> found in Appendix B . Table B -2 . <br /> (2 ) Source : Table X-4 <br /> (3 ) Source : Table X- 5 <br /> ( 4 ) Sum of land cost per acre ( Item 1 ), landscaping/site improvement cost per acre (Item 2 ) , and <br /> utilities and paving cost per acre (Item 3 ) , multiplied by 15 percent, per IRC Parks <br /> Department staff. <br /> ( 5 ) Sum of land cost per acre ( Item 1 ), landscaping/site improvement cost per acre (Item 2 ), <br /> utilities and paving cost per acre (Item 3 ), and architecture, engineering , and inspection cost <br /> per acre (Item 4 ) . <br /> (6 ) Source : Table X-2 <br /> (7 ) Total land cost per acre (Item 5 ) multiplied by regional parks LOS , divided by 1 ,000 . <br /> ( 8 ) Total land cost per acre ( Item 5 ) multiplied by neighborhood/community parks LOS , divided <br /> by 1 ,000 . <br /> The second component in determining the total cost per resident for parks and recreation <br /> facilities in unincorporated IRC is to calculate the equipment cost per resident for both <br /> regional and community/neighborhood parks . <br /> Separate equipment costs for both regional parks and for community/neighborhood parks <br /> are presented in Tables X - 7 and X - 8 , respectively . The equipment cost for regional parks <br /> is $446 per resident and $ 72 , 681 per acre . Similarly , the total equipment cost for <br /> neighborhood/community parks is $ 27 per resident and $ 68 , 586 per acre . It should be <br /> noted that separate costs are not considered for the pistol and rifle range , as there is <br /> minimum equipment associated with these facilities . The actual cost of equipment for the <br /> ranges is included in other shooting range facility costs . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 X - 13 Impact Fee Study <br />