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

Table V-1
Summary of Public Building Inventory (1)
Facility (2)
Existing County Administration Building (5)
Purchasing Office and Warehouse
Health Department Building
Judicial Complex
Administration Annex
Fleet Management Facility (6)
Road & Bridge/Traffic Facilities
Old Humane Society Building
Total
Building
Value (3) Acreage Land Value (4)
76,304 $14,461,134 5.47 $559,756
N/A N/A 0.86 $88,006
37,250 $6,049,400 3.17 $324,392
120,000 $19,488,000 2.17 $222,060
8,400 $1,176,000 0.81 $82,889
15,400 $2,500,960 5.09 $520,358
18,350 $2,980,040 11.16 $1,142,025
N/A N/A 4.77 $488,124
275,704 46,655,534 33.50 $3,427,610
Building
Square Feet
(1) Source: General Services Department, IRC
(2) Inventory does not include leased public facilities or portions thereof.
(3) Building replacement value is determined by multiplying square footage of building by cost
per square foot figures provided by General Services Department, IRC. The cost per square
foot figure of $189.52 for the existing County Administration Building is based on architect
estimates for the proposed new County administration building and the 43 rd Avenue
Complex, which will replace the existing County Administration Building. The cost per
square foot figure for the existing County Administration Building includes sitework, design,
furniture, fixtures, and equipment (FF&E) and architecture and engineering (A&E) costs.
The cost per square foot figures for the other buildings included in the inventory range from
$140 to $162, depending on the type and size of the building and include a 12-percent cost
for FF&E, based on architect estimates. Building values and square footages for the
Purchasing Office and Warehouse and the Old Humane Society Building are not included in
the inventory because these buildings are no longer used by IRC to provide general County
services. The value of the land that these two building are located on are included in the
inventory since new buildings could potentially be built at these sites.
(4) Land value is determined by multiplying the acreage for each facility by a cost per acre figure
of $102,332, which is based on recent purchases for vacant land parcels 4-6 acres in IRC.
This information is included in Appendix B, Table B-1.
(5) Total square footage of existing county bldg is 103,155, less the 26,851 square feet of facility
leased to the School Board. Square footage, building value, and land value exclude the
portion of the Administration Building leased by the School Board.
(6) Building area and land value are for the portion of the Fleet Management Facility occupied
by the County.
In addition to the facilities included in Table V-1, the County also owns 71,408 square
feet of building space that is not included in Table V-1 because these facilities, or
portions thereof, are leased to various organizations that do not provide County services.
These facilities are presented in Table V-2. Discussions with County staff indicate that
the four facilities, other than the portion of the Administration Building that is leased to
the School Board, are leased out because the facilities are either not properly structured
or not properly located for providing County services.
Tindale-Oliver & Associates, Inc.
Indian River County
May 2005 V-2 Impact Fee Study