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in West IRC in 2004 . The West County is defined as the area between 58`h Avenue and County Road 512 . The focus on sales in West County was due to the fact that most new facilities are likely to be built in this area . This analysis resulted in a per acre cost of $ 102, 332 per acre and is shown in Appendix B , Table B - 1 . The per acre cost of $ 102 ,332 results in a cost of $ 11 . 36 per square foot of building ($ 102 ,332 x 8 . 295 acres / 74 , 731 square feet) and will be used for the land cost in this section . Table VI -9 Land Cost( ' ) Land Values : North County Library 1988 18,470 3 . 125 $2059847 $ 11 . 14 $65 ,871 1997 6,975 0 .990 $ 181 ,306 $25 .99 $ 1839137 Main Library 1989 4%2861 4 . 180 $801 ,2661 $ 16 . 26 $ 191 ,690 Total 1 1 741731 8 .295 $ 1 , 188 .419 Weighted Average Cost er Acre $ 143 ,269 Weighted Average Cost per Building Square Footage I $ 15 . 90 ( 1 ) Source : Office of Management and Budget, IRC The following table provides a summary of building and land costs . Table VI -10 Summary of Building and Land Costs per Resident Building construction cost per sf $ 160 . 56 Furniture and equipment cost per sf (2) $ 81 . 61 Land cost per sf(3 ) $ 11 . 36 Total building and land cost per sf (4) $253 . 53 Square feet per resident (5) 0 . 633 Impact cost per resident (6) $ 160 .48 ( 1 ) Source : Table VI- 8 (2) Source : Table VI- 8 (3 ) Source : The $ 102 ,332 cost per acre is determined based on vacant land sales of 4 to 6-acre parcels in West County, in 2004 . This cost is converted to cost per square foot of building space by multiplying it with 8 . 295 acres from Table VI-9 and dividing it by 74,731 square feet from Table VI-9 . (4) Sum of building, furniture, equipment and land costs (Items 1 , 2 , and 3 ) . (5) Source : Table VI-4 (6) Total building and land cost per square foot (Item 4) multiplied by LOS standard (Item 5) . Tindale-Oliver & Associates , Inc . Indian River County February 2005 VI - 11 Impact Fee Study