Laserfiche WebLink
Future Demand Analysis <br /> Future demand projections are based on population projections included in Section II , <br /> Table II - l . Table III - 14 presents the law enforcement facilities demand forecast and <br /> associated cost estimates . <br /> Table III = 14 <br /> 2025 Demand and Cost Forecast <br /> Figure <br /> 2025 County Population( l ) 2073014 <br /> Adopted LOS Standard (Beds per 1 , 000 Residents)(2 ) 4 . 50 <br /> 2025 Required Number of Beds(3 ) 932 <br /> Existing Number of Beds(4) 684 <br /> Additional Beds Needed ') 248 <br /> Total Capital Cost per Bed(6) FEE $ 541271 <br /> Total Capital Cost(') $ 1394599208 <br /> ( 1 ) Source : Section II , Table II- 1 <br /> (2 ) Source : Table III -4 <br /> (3 ) 2025 county population (Item 1 ) multiplied by adopted LOS standard ( Item 2 ) <br /> divided by 1 , 000 . <br /> ( 4) 411 existing beds plus the 273 beds that can be built with the programmed funding <br /> for the next five years . <br /> ( 5 ) 2025 required number of beds (Item 3 ) less existing number of beds (Item 4 ) . <br /> (6) Source : Table III - 8 <br /> (7 ) Additional beds needed (Item 5 ) multiplied by cost per bed (Item 6) . <br /> As presented in Table III - 14 , by 2025 , the County will need 248 additional beds . This <br /> would require an investment of $ 13 . 5 million over the next 20 years . <br /> Estimated Revenues <br /> Based on the growth population projections provided in the IRC Comprehensive Plan and <br /> impact cost per functional resident calculated in Table III - 12 , it is estimated that the <br /> correctional facilities impact fee revenues through 2025 will amount to $ 6 . 6 million as <br /> presented in Table III - 15 . <br /> As presented previously , the County will need to make an investment of $ 13 . 5 million to <br /> accommodate 2025 demand . Thus , the projected impact fee revenues will need to used in <br /> conjunction with other revenue sources to meet the 2025 demand . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 III - 15 Impact Fee Study <br />