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Table VA 3 <br /> 2025 Demand and Cost Forecast <br /> G Tcu ahoh eGam Tient w � t Forecasted Demand w � <br /> 2025 County Population( i ) 1755400 <br /> Adopted LOS Standard (Square Feet per Resident)(2) 2 . 17 <br /> 2025 Required Square Footage(3) 3809618 <br /> Existing Square Footage(4) 275 , 704 <br /> Additional Square Footage Needed(5) 1049914 <br /> Cost per Square Foot(6) $ 181 . 65 <br /> Total Cost(7) $ 199057, 628 <br /> Programmed funds over the next five years(8) $ 6, 89500 <br /> Remaining funds needed to accommodate 2025 demand(9) $ 12, 1629628 <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 104 , 914 square feet by <br /> 2025 . This would require an investment of $ 19 . 1 million over the next 20 years , $6 . 9 <br /> million of which is already funded . <br /> Estimated Revenues <br /> Based on the medium growth population projections provided by BEBR and impact cost <br /> per resident calculated in Table V- 14 , it is estimated that the public building impact fee <br /> revenues will generate $ 10 . 3 million through 2025 . These projections are presented in <br /> Table V- 14 . Based on the future demand analysis, the County will need to make an <br /> investment of $ 19 . 1 million to accommodate the 2025 demand . These figures indicate <br /> that the impact fee revenues will need to be used in conjunction with other revenue <br /> sources to accommodate the 2025 demand . <br /> Tindale - Oliver & Associates , Inc . Indian River County <br /> February 2005 V- 16 Impact Fee Study <br />