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Total Impact Cost per Student Station <br /> The calculation of the total impact cost per student is based on the facility cost per <br /> student station figures presented in Table IX-2 and is calculated using the distribution of <br /> projected students for the 2008/09 school year, which is derived using data provided by <br /> the IRC School District. The estimated number of students projected for the 2008/09 <br /> school year is used to properly determine the projected distribution of students by school <br /> type over the next five years . As previously mentioned, this figure is used because the <br /> current LOS is established based on the 2008/09 public school inventory, as provided in <br /> Appendix D, Table D-2 . The weighted total facility impact cost per student is determined <br /> by multiplying the weighted cost per student station by the respective distribution factors <br /> for each school type . This step also adjusts the cost per student station to the cost per <br /> student. Based on the information presented in Table IX-3 , the weighted total facility <br /> impact cost per student is $ 17, 958 . <br /> The cost of debt for school facilities is also added to the impact cost per student and is <br /> based on the present value of the interest paid on the five-year average annual amount of <br /> debt associated with expansion projects, per student. The present value of interest paid <br /> for the cost of debt per student is added to the previously calculated total weighted cost <br /> per student figure for facilities calculated in the previous step . The result is a total impact <br /> cost per student of $ 18 , 012 . The items discussed in this section, as well as the resulting <br /> total impact cost per student, are included in Table IX- 3 . <br /> (This space intentionally left blank) <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 IX- 8 Impact Fee Study <br />