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Ci of San L dro Park Impact Fee Study <br />during this period. The resulting 2020 occupancy factors are 2.02 persons per multifamily unit <br />and 2.53 persons per single family unit. <br />The per capita value of existing parkland is multiplied by these occupancy factors to calculate <br />the per-unit fees, yielding $3,400 per multifamily unit and $4,259 per single family unit (in 1998 <br />dollars). Table 4 summarizes the calculations. <br />TABLE 4 <br />CITY OF SAN LEANDRO <br />PARK IlVIPACT FEE CALCULATIONS <br />(1998 dollars) <br />Park Facili- Existing ~ Persons per Fee per ~ Persons per Fee per <br />ties Value per Standard per Value per ~ MF Unit Multifamily ~ SF Unit Single <br />Acre 1,000 Po Person 2020 Unit 2020 Famil Unit <br /> <br />$346,348 4.86 $1,683.25 ~ 2.02 $3,400 ~ 2.53 $4,259 <br />ac/1,000 <br />Note: MF =multifamily SF =single family <br />Sources: Table 3; ABAG Projections '98; Hausrath Economics Group. <br />As previously noted, these fees are conservatively estimated, because they are based on the <br />average per capita value of the City's existing developed parkland. The value of the City's <br />inventory of parkland and parkland development has been carefully discounted to reflect existing <br />conditions. An alternative method of calculating these fees would be to assign the full value of <br />needed additional parkland at the estimated value of residential land ($450,000 per acne) and <br />unadjusted base development casts of $300,000 per acre. This method would result in a <br />significantly higher fee. The more conservative approach used here eliminates the possibility <br />that the City would be charging new development for facilities at a higher standard than it <br />currently provides existing residents. <br />Credit for Parkland Dedication <br />The intent of the fee program is to provide sufficient funds to acquire parkland and construct <br />improvements. However, developers may sometimes be able to deed portions of development <br />sites to the City according to the park standards, saving acquisition costs for the City. It can be <br />to the City's advantage to retain the option of receiving parkland dedications in-lieu of full fee <br />Hausrath Economics Group 10 <br />