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Table V- 13 <br /> 2025 Demand and Cost Forecast <br /> Calculation Component Forecasted Demand <br /> 2025 County Population0 ) 2073014 <br /> Adopted LOS Standard ( Square Feet per Resident)(2 ) 1 . 99 <br /> 2025 Required Square Footage(3 ) 411 , 958 <br /> Existing Square Footage(4 ) 2753704 <br /> Additional Square Footage Needed(5) 1369254 <br /> Cost per Square Foot(6) $ 181 . 65 <br /> Total Cost(') $243750 , 539 <br /> Programmed funds over the next five years( 8 ) $ 618955000 <br /> Remaining funds needed to accommodate 2025 demand(9) $ 17 , 8555539 <br /> ( 1 ) Source : Section II , Table II - 1 <br /> (2 ) Source : Table V- 5 <br /> ( 3 ) Required square footed in 2025 , based on existing LOS . <br /> (4 ) Source : Table V- 1 <br /> ( 5 ) 2025 required square footage (Item 3 ) less existing square footage (Item 4) . <br /> (6) Source : Table V- 7 <br /> (7 ) Total cost per square foot multiplied by additional square feet required (Item 5 ) . <br /> ( 8 ) Source : Table V- 9 <br /> (9 ) Total cost of 2025 demand ( Item 7) less the programmed funds over the next five years for <br /> expansion of public buildings (Item 8 ) . <br /> As presented in Table V - 13 , the County will need an additional 136 , 254 square feet by <br /> 2025 . This would require an investment of $24 . 8 million over the next 20 years , $ 6 . 9 <br /> million of which is already funded . <br /> Estimated Revenues <br /> Based on the growth population projections provided by the IRC Comprehensive Plan <br /> and impact cost per resident calculated in Table V - 14 , it is estimated that the public <br /> building impact fee revenues will generate $ 13 . 9 million through 2025 . These <br /> projections are presented in Table V- 14 . Based on the future demand analysis , the <br /> County will need to make an investment of $24 . 8 million to accommodate the 2025 <br /> demand . These figures indicate that the impact fee revenues will need to be used in <br /> conjunction with other revenue sources to accommodate the 2025 demand . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 V - 16 Impact Fee Study <br />