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Cost Component NOW <br /> Historical/Replacement Capital Costs <br /> The total cost per resident for parks and recreation facilities consists of two components : <br /> the cost of land for the parks and the cost of equipment in the parks . <br /> The cost of land for parks and recreation facilities includes more than just the purchase <br /> cost of the land . Landscaping/site improvement and utilities/paving costs also are <br /> considered, along with the cost to purchase the land . To determine the cost per resident <br /> for land, three calculations must be performed. The first calculation determines the <br /> landscaping and site improvement costs per acre, while the second calculation determines <br /> the utilities and paving cost per acre . A third, subsequent calculation then determines the <br /> cost of the actual land per resident. <br /> The landscaping and site improvement cost per acre figure was calculated using historical <br /> expenditures for the North County Regional Park, which was recently constructed in two <br /> phases and reflects typical costs for parks in IRC . Phase I includes the construction of <br /> the pool complex and related facilities, while Phase II includes construction of the multi- <br /> purpose ball fields and related facilities . The calculation of the total landscaping and site <br /> improvements cost per acre is illustrated in Table X-4 . <br /> Table X =4 <br /> Landscaping and Site Improvements Cost per Acre11-1 <br /> 1 ' 1 <br /> µ <br /> North County Regional Park # of Acres(2) 115 <br /> Landscaping and Site Improvement Costs - Phase I <br /> Fencing $509000 <br /> Landscaping, Mitigation, and Grassing $225 ,000 <br /> Irrigation $ 100,000 <br /> Landscaping and Site Improvement Costs - Phase II <br /> Fencing $ 125 ,000 <br /> Landscaping and Mitigation $ 100,000 <br /> Irrigation $ 1009000 <br /> Total Landscaping and Site Improvements Cost(' ) $700 , 000 <br /> Landscaping and Site Improvements Cost per Acre(4) $6,087 <br /> ( 1 ) Source : Recreation Department, IRC <br /> (2) Source : Table X- 1 <br /> (3 ) Sum of costs for Phase I and Phase IL <br /> (4) Total landscaping and site improvements cost per acre (Item 3 ) divided by <br /> the total number of acres for North County Regional Parks (Item 2) <br /> The second calculation determines the utilities and paving cost per acre . As in the case of <br /> landscaping and site improvements costs, the utilities and paving cost per acre figure also <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 - X41 Impact Fee Study <br />