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Ill. Correctional Facilities <br /> This section discusses the analysis used in the development of the correctional facilities <br /> impact fee . To develop the proposed impact fee schedule , ten major elements associated <br /> with the development of the correctional facilities impact fee must be addressed , <br /> including : <br /> • Inventory <br /> • Population <br /> • Level of Service <br /> • Cost Component <br /> • Credit Component <br /> 0 Existing Deficiencies <br /> • Net Correctional Facilities Impact Cost <br /> • Proposed Correctional Facilities Impact Fee Schedule <br /> • Future Demand Analysis <br /> • Estimated Revenues <br /> These ten elements are summarized throughout this section, and an impact fee schedule is <br /> provided . <br /> Inventory <br /> According to information provided by the IRC Sheriff' s Office (IRCSO) and the 2003 <br /> Master Plan for the County Correctional Facility , the county has one correctional facility, <br /> located at 4055 41St Avenue . This site has a total of 19 . 61 acres and is shared with the <br /> Sheriff' s Administration Building . The correctional facilities at this site include the <br /> following : <br /> • IRC Correctional Facility Phase I ; <br /> • IRC Correctional Facility Phase II ; <br /> • IRC Correctional Facility Phase III ; and <br /> • Two guardhouses . <br /> In 2003 , the County purchased additional land (26 . 7 acres) next to the existing <br /> correctional facility site . This additional land will be used for a future jail expansion that <br /> is planned to increase capacity by 384 beds . <br /> Table III - 1 summarizes the IRC Correctional Facilities buildings and land inventory . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 III - 1 Impact Fee Study <br />