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( 14) Source : Table VI- 18 <br /> ( 15 ) Source : Table VI- 15 <br /> ( 16) Total impact cost per resident (Item 14) multiplied by effective vacant land <br /> percentage (Item 15 ) <br /> ( 17) Sum of library equipment credit (Item 3 ), credit per resident from optional sales tax <br /> and bequests (Item 13 ), and vacant land credit (Item 16). <br /> Existing Deficiencies <br /> Because the County will adopt the existing LOS as the standard for all library capital <br /> items , there are no existing deficiencies . While there are no existing deficiencies , <br /> adopting the existing LOS as the standard does , in fact, create the need to expand <br /> facilities in the near future to meet the needs of new growth . <br /> Net Library Facility , Items , and Equipment Impact Cost <br /> To calculate the net impact cost, the total credit per resident is subtracted from the total <br /> impact cost per resident . This includes reducing the impact cost to reflect external <br /> revenues exclusive of impact fees (primarily from optional sales tax and bequests) that <br /> may be available to help finance library facilities and future purchases of library items <br /> and equipment. As presented in Table VI- 18 , net impact cost is $220 per resident . <br /> Table VI -18 <br /> Net Library Facilities Impact Cost <br /> Building and Land Cost per Resident $ 160 .48 <br /> Library Materials Cost per Resident (2) $ 154 . 05 <br /> Library Equipment Cost per Resident (3) $ 1 . 57 <br /> Total Impact Cost (4) $ 316 . 10 <br /> Total Credit per Resident (5) ($96 . 31 ) <br /> Net Impact Cost per Resident (6) $219 . 79 <br /> ( 1 ) Source : Table VI- 10 <br /> (2) Source : Table VI- 13 <br /> (3 ) Source : Table VI- 13 <br /> (4) The sum of building, land, materials, and equipment costs (Items 1 , 2 , and 3 ) <br /> (5 ) Source : Table VI- 17 <br /> (6) Total impact cost per resident (Item 4) less total credit per resident (Item 5 ) <br /> Persons per Housing Unit by Land Use <br /> The final calculation of the library impact fee is dependent on household size (residents <br /> per housing unit), which varies by residential land use . Table VI49 presents the <br /> N <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> February 2005 VI- 19 Impact Fee Study <br />