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Future Demand Analysis <br /> Future demand projections are based on population projections included in Section II, <br /> Table II- 1 . 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 /> �' Yyl ' <br /> - r ` <br /> 33 <br /> 2025 County Population( l ) 175 ,400 <br /> Adopted LOS Standard (Beds per 1 ,000 Residents)(`' ) 4 . 00 <br /> 2025 Required Number of Beds(3 ) 702 <br /> Existing Number of Beds(4) 619 <br /> Additional Beds Needed(5) 83 <br /> Total Capital Cost per Bed $ 545271 <br /> Total Capital Cost(7) $4,504,493 <br /> ( 1 ) Source : Section Il, 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 208 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 I1I- 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 83 additional beds . This <br /> would require an investment of $4 . 5 million over the next 20 years . <br /> Estimated Revenues <br /> Based on the medium growth population projections provided by BEBR and impact cost <br /> per functional resident calculated in Table III- 12 , it is estimated that the correctional <br /> facilities° impact fee revenues through 2025 will amount to $4 . 4 million as presented in <br /> Table III- 15 . <br /> As presented previously, the County will need to make an investment of $4 . 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 /> February 2005 III- 15 Impact Fee Study <br />