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Park Fees Update 5 <br />Fiscal Impact <br />24, 2005 <br />The revision to the Park Facilities Development Impact Fees would generate higher fee <br />revenues than the current fees. The revenue generated would depend on the rate of new <br />residential development within the city <br />• Based on the yearly projections of future development within San Leandro (70 units) and the <br />distribution of growth based on the DOF current proportions of single-family and multi- <br />family units (61% SF & 39% MF), the increase in impact fee revenue is estimated to be <br />approximately $558,000 in the next fiscal year <br />Attachments <br />• Attachment 1, City of San Leandro Park Impact Fee Study (Hausrath Economics Group) <br />• Attachment 2, Memo to Keith Cooke from Tara Peterson, Value of Land in San Leandro <br />• Attachment 3, City of San Leandro Survey of Park Construction Cost <br />• Attachment 4, City of San Leandro Park Impact Fee Calculations <br />CONCLUSION <br />Staff recommends adoption of the revised Park Facilities Development Impact Fees to reflect the <br />increase in land values, improvement costs, and occupancy rates for future development within <br />the city of San Leandro. <br />W:KRC:mI <br />K:AAA-C\COUNCIU2005VUN 6\PH PARK FEES MEM.doc <br />