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was calculated using historical expenditures for the North County Regional Parks . This <br /> cost per acre is presented in Table X-5 . <br /> Table X=5 <br /> Utilities and Paving Cost per Acre 1 ' 1 <br /> PON " _ . n <br /> North County Regional Park # of Acres(2) 115 <br /> Utilities and Paving Costs - Phase I <br /> Drainage $5503000 <br /> Water and Wastewater Improvements $300,000 <br /> Parking Lot Drives $750 ,000 <br /> ERU Connection Fee $49776 <br /> Utilities and Paving Costs - Phase II <br /> Drainage $490 ,000 <br /> Water and Wastewater Improvements $259000 <br /> Total Utilities and Paving Cost(3) $2 , 1199776 <br /> Utilities and Paving Cost per Acre(4) $ 189433 <br /> ( 1 ) Source : Recreation Department, IRC <br /> (2) Source : Table X- 1 <br /> (3 ) Sum of costs for Phase I and Phase II . <br /> (4) Total utilities and paving cost per acre <br /> (Item 3 ) divided by total number of acres for North County <br /> Regional Parks (Item 2 ) . <br /> The calculations from the two previous tables are then used to determine the total land <br /> cost per resident for regional and neighborhood/community parks and recreation facilities <br /> in unincorporated IRC . These are presented in Table X-6 . <br /> To calculate the total cost per land for parks and recreation facilities in unincorporated <br /> IRC , the price per acre figure of $34 , 136 is used . This figure is based on recent sales of <br /> vacant parcels in IRC of 40 to 130 acres, which can be found in Appendix B , Table B -2 . <br /> Using this replacement cost per acre, the total cost per acre for parks and recreation <br /> facilities in unincorporated IRC is calculated. <br /> As shown in Table X-6 , this results in a total land cost per resident of $458 for the <br /> regional parks component and $29 per resident for the neighborhood/community parks <br /> component. <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 X- 12 Impact Fee Study <br />