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Park Fees Update 3 _ May 24, 2005 Note: S =Special MF =Multi-family SF =Single-family ac =acre TABLE 1 CITY OF SAN LEANDRO PARK FACILITIES DEVELOPMENT IMPACT FEE CALCULATIONS (2005 Dollars Park Existing Value Persons Fee per Person Fee per Persons Fee per Facilities Standard per per S Special per MF Multi- per SF Single- Value per per 1,000 Person Unit Unit Unit Family Unit Family Acre o Unit Unit $1,014,900 4.86 ac $4,932 1.15 $5,692 2.31 $11,383 2.64 $13,023 er 1,000 Credit for Park Land Dedication The intent of the fee program is to provide sufficient funds to acquire park land and construct improvements. However, developers may sometimes be able to, or are required by conditions of approval, to deed park land to the City according to the park standards, saving acquisition costs for the City. Tt is to the City's advantage to retain the option of receiving park land dedications in-lieu of full fee payments. In that case, the amount of park impact fees paid would be less than the total fee amount to the extent that 4.86 acres per 1,000 population of park land is dedicated. Table 2 summarizes the appropriate park fees per multi-family and single-family unit, with and without park land dedication. TABLE 2 CITY OF SAN LEANDRO PARK FACILITIES DEVELOPMENT IMPACT FEE PER NEW RESIDENTIAL UNIT (2005 dollars) Residential Unit Type with Land Dedication with Full Fee Payment Special Unit $806 $5,692 Multi-Family $1,612 $11,383 Single-Family $1,844 $13,023 Assumes 4.~n acres per i,uuu popuiauun arc ucui~a~cu City Council Resolution No. 2000-64 Item 9 of the Adoption of Fee section stipulates that the City Council may revise the fee to incorporate the findings and conclusions of further studies and when additional information is available. As mentioned above, current land values are significantly higher than those used to establish the Park Facilities Development Impact Fees, improvement costs have significantly increased, and as earlier noted, occupancy rates have increased for all unit types. Therefore, in order to ensure the current standard of park facilities of 4.86 acres per 1,000 population is maintained with the increase in population from future developments, the current fees require adjustment.