Indian River County Impact Fee Study Final Report - irccdd.com

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Table VI-8 Building Unit Costs (1) Facility Year (2) square footage Additional Building Values: Recent Expansions: Main Library Expansion FY 01/02 Cost per square foot - Construction (3) 11,865 $1,600,000 $134.85 - Furniture & Equipment (4) 8,265 $939,707 $113.70 Total $2,539,707 $248.55 North County Library Expansion FY 01/02 6,975 - Construction $1,315,000 $188.53 - Furniture & Equipment $335,600 $48.11 Total $1,650,600 $236.65 Future Expansions: Branch Library (West or South County) FY 08/09 32,000 - Construction (5) $5,248,000 $164.00 - Furniture & Equipment (5) $2,580,000 $80.63 Total $7,828,000 $244.63 Weighted Average Construction Cost $160.56 Weighted Average Furniture & Equipment Cost $81.61 (1) Source: General Services Department, Division of Library Services, and Office of Management and Budget, IRC (2) Year completed for recent expansions and year planned for future expansions. (3) Square footage includes a meeting room and hallway space that had to be demolished and rebuilt during expansion (3,600 square feet). (4) Square footage is only for expansion. (5) Estimated costs Initially, the proposed Branch Library was envisioned to be a 25,000-square foot building with a total construction cost of $4.1 million, or $164 per square foot. Since then, the building size has been increased, but the $4.1 million funding level has not been adjusted. For the purposes of this analysis, the unit cost of $164 is used to reflect current library construction costs, resulting in a total cost of $5.2 million. Funding for the entire building is being reviewed by County staff and is not currently budgeted in the County’s CIP. The following table presents the historical total and unit costs of land. Historical land values per acre range from $65,871 to $191,690. The higher land cost of the Main Library ($191,690 per acre) can be attributed to its downtown location in Vero Beach. The North County Library is located in Sebastian, which has been growing rapidly and experiencing increasing property values in recent years. According to IRC representatives, the initial land purchase was completed in 1988 for $65,871 per acre, prior to the increase in land values. The 1997 land purchase cost of $183,137 per acre Cost Tindale-Oliver & Associates, Inc. Indian River County May 2005 VI-10 Impact Fee Study
was affected by the increase in property values in Sebastian. Due to the recent volatility in land prices in IRC, the study evaluated the vacant land sales of four to six-acre parcels in West IRC in 2004. The West County is defined as the area between 58 th 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 (1) Facility Year Acquired Square Feet Acres Cost Cost per SF Cost per Acre Land Values: North County Library 1988 18,470 3.125 $205,847 $11.14 $65,871 1997 6,975 0.990 $181,306 $25.99 $183,137 Main Library 1989 49,286 4.180 $801,266 $16.26 $191,690 Total 74,731 8.295 $1,188,419 Weighted Average Cost per Acre $143,269 Weighted Average Cost per Building Square Footage $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 Element Cost Building construction cost per sf (1) $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) 0.58 Impact cost per resident (6) $147.05 (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 May 2005 VI-11 Impact Fee Study
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Credit Component...................
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Tables Proposed Parks and Recreatio
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Table VI-5 Comparison of IRC Curren
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Maps Map III-1 Correctional Facilit
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Appendix A Appendix B Appendix C Ap
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o A non-charter county may adopt co
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• Most communities make the effec
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• Reasonable administrative costs
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• The BCC may establish a policy
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Table I-2 Current and Recommended S
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Table I-4 Historical and Projected
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Table II-1 IRC Population Estimates
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Table II-4 Unincorporated County Ar
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Table II-8 Unincorporated County Ar
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Residential Functional Population I
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Table II-10 11-Hour/5-Day General F
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Table II-12 Countywide Excluding In
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Table II-14 Countywide Functional P
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Table II-16 Functional Residents fo
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Table II-19 Assumptions for Nonresi
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Table III-1 Land & Buildings Invent
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Tindale-Oliver & Associates, Inc. I
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Table III-3 Level of Service Compar
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Table III-6 Equipment Cost Equipmen
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Table III-9 Historical Capital Expe
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Existing Deficiencies As discussed
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Table III-13 (continued) Impact Fee
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Table III-15 Annual Impact Fee Reve
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Page 66 and 67: • The SWDD also operates five cus
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Page 72 and 73: Demand Component Based on the LOS s
Page 74 and 75: Table IV-4 Proposed Capital Expendi
Page 76 and 77: As mentioned previously, future cap
Page 78 and 79: Table IV-7 Historical Revenue Sourc
Page 80 and 81: The following table provides a summ
Page 82 and 83: Existing Deficiencies As presented
Page 84 and 85: Table IV-13 Proposed Solid Waste Im
Page 86 and 87: Estimated Revenues As presented in
Page 88 and 89: Table V-1 Summary of Public Buildin
Page 92 and 93: Services provided by County-owned a
Page 94 and 95: Table V-6 Public Building Replaceme
Page 96 and 97: Table V-8 summarizes the capital ex
Page 98 and 99: The vacant land value as a percenta
Page 100 and 101: Table V-12 Proposed Public Building
Page 102 and 103: Table V-13 2025 Demand and Cost For
Page 104 and 105: guideline in planning future infras
Page 110 and 111: In addition to the available materi
Page 112 and 113: Table VI-5 compares the County’s
Page 116 and 117: Library Materials and Equipment The
Page 118 and 119: Table VI-13 Library Materials and E
Page 120 and 121: It should be noted that it is the C
Page 122 and 123: Table VI-17 Total Credit per Reside
Page 124 and 125: Table VI-19 Persons per Housing Uni
Page 126 and 127: (1) Source: Section II, Table II-1
Page 128 and 129: As presented in Table VI-21, the pr
Page 130 and 131: Table VII-1 Land & Buildings Invent
Page 134 and 135: Table VII-3 Capital Equipment Repla
Page 136 and 137: Table VII-5 Current Level of Servic
Page 138 and 139: Table VII-7 Station Equipment Costs
Page 140 and 141: Table VII-10 Six-Year Historical Ca
Page 142 and 143: Table VII-12 Percent of Past Proper
Page 144 and 145: Table VII-14 Proposed Fire/EMS Impa
Page 146 and 147: Table VII-15 2025 Demand and Cost F
Page 148 and 149: guideline in planning future infras
Page 150 and 151: Table VIII-1 Land and Building Inve
Page 154 and 155: unincorporated county area. The cur
Page 156 and 157: Table VIII-6 Equipment Cost Equipme
Page 158 and 159: Table VIII-8 Historical Capital Exp
Page 160 and 161: Table VIII-10 Vacant Land Value Per
Page 162 and 163: Table VIII-12 Net Impact Cost Impac
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Table VIII-13 (continued) Proposed
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Table VIII-15 Annual Impact Fee Rev
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Cost Component Cost per Student Sta
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Total Impact Cost per Student Stati
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fees is given only for revenue used
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Table IX-5 2-Mill Revenue Credit Ca
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Table IX-7 Net Impact Cost per Stud
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Table IX-10 2025 Demand and Cost Fo
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As presented in Table IX-10, the pr
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Table X-1 (Continued) Parks & Recre
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Table X-2 Parks & Recreation Facili
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was calculated using historical exp
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Table X-7 Regional Parks Equipment/
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Table X-9 Programmed Capital Costs
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Table X-11 Historical Capital Expen
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Table X-13 Vacant Land Value Percen
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Table X-15 Net Impact Cost per Resi
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Table X-18 2025 Demand and Cost For
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For impact fee purposes, revenue pr
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Table A-3 24-Hour Baseline - Uninco
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Table A-7 24-Hour Functional Popula
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The resulting percentages from Tabl
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Table A-14 IRC Weighted Average Sea
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Table C-1 Proposed Solid Waste Impa
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Table D-2 IRC School District Inven
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Table F-2 Inventory of Available Im
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Table F-2 Inventory of Available Im
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Table F-3-2 Comparison of Standards
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County SF per Capita Table F-3-4 Co
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Table G-2 Solid Waste - Residential
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Table G-4 Library Facilities - Resi
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Table G-6 Law Enforcement - Residen
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Table G-8 Park and Recreation Facil
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Presentation Overview 1 2 3 4 5 6 B
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Background • BCC initiated study
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Decision Points Decision Points Enc
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Basic Impact Fee Formula Impact Fee
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Distribution of Impact Fees Transpo
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2 Legal Requirements
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Impact Fee vs. Tax • An impact fe
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Authority in IRC • Non-charter co
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Defendable Methodology • Study th
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Revenue Credits • Ensure proporti
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Administration • Must be easy to
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Effective Date • May be effective
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Applicability • Creates a measura
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Decision Point Will each city enter
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Imposition & Collection • As earl
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Use of Impact Fee Revenue • Must
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Decision Point The consultant recom
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Decision Points The consultant reco
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4 LOS Standards
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Impact Fee Comparisons • Single F
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5 Funding Sources (see Table 4)
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Decision Point Does the BCC want to
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Next Steps • Finalize Data Collec
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