Reso 2005-069 - Laserfiche WebLink

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TABLE OF CONTENTS INTRODUCTION ....................................................... ...........1 .................................................... PURPOSE OF THE IlvIPACT FEE STUDY .......................... .....................................................1 EXISTING CITY EXACTIONS FOR PARKLAND ACQUISITION ......................................... 2 FINDINGS REQUIRED BY GO CODE 66001 3 Purpose of the Park and Recreation Facilities Impact Fee ...................................................... 3 Use of the Park and Recreation Facilities Impact Fee ................ 3 .. Relationship Between the Use of the Park and Recreation Facilities Impact Fee and the Type of New Development ................... .............,,....... 3 .......................................... Relationship Between the Need for New Park and Recreation Facilities and the Type of New Development ............................................................................................... 3 Relationship Between the Amount of Park and Recreation Facilities Fee Payment and the Cost of Park and Recreation Facilities ................................ .... 4 ..................................... DEVELOPMENT PROJECTIONS ...................... ........... 4 ............................................................ EXISTING FACILI.'I'IES .........................:..................... ...... S ....................................................... EXISTING FACILITY STANDARDS AND VALUATION OF EXISTING SITES AND FACII-ITIES ......................................................................... ........... 6 ................................. Total Acreage .................................. ........... 8 ........................................................................... Land Value ................................................................................. ........... 8 ............................... Improvement Value ............................... ......................... $ ....................................................... Total Cost Per Acre .................... 9 ................................................................................. FEE CALCULATION .................................... ... 9 ......................................................................... Credit for Parkland Dedication ........................ ..........10 .......................................................... Definitions .......................................... .................11 ............................................................... PROJECTED PARK IIv1PACT FEE REVENUE ............................... .11 ...................................... FUT'iJRE DOCUMENTATION REVIEW AND UPDATES .......................... ....................12 Annual Inflation Adjustment ......................................... ...... Comprehensive Update ....................................................................................................... 12 ...............................................13 COMPARISON OF PARK IlvIPACT FEE AND CURRENT CITY FEE IN-LIEU OF PARKLAND DEDICATION ............................................ ........13 .......................................... Hausrath Economics Group !