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City ojSan < <dro ParklmpactFee Stuff <br />This assumption yields a weighted average impact fee of $3,958 per unit. Based on the housing <br />projections shown in Table 1 and the weighted average fee per unit, total impact fee revenues to <br />the City of San Leandro for parkland acquisition and development can be roughly estimated at <br />$7.92 million by 2020 (see Table 6). <br />Actual fee revenue received will depend upon the actual number of housing units developed and <br />the distribution of growth by housing unit type. To the extent that the City accepts land <br />dedications in-lieu of fees, impact fee revenue will be reduced, although the value of land <br />acquired would be in addition to fee revenue. <br />TABLE 6 <br />CITY OF SAN LEANDRO <br />PROJECTED PARK IMPACT FEE REVENUE <br />(1998 dollars) <br />Projected Housing Fee per Unit Estimated Revenue, <br />Units, 2000-2020 Wei ted Av . 2000-2020 <br />2,000 $3,958 $7,916,000 <br />Sources: Table 1; Hausrath Economics Grou . <br />FUTURE DOCUMENTATION REVIEW AND UPDATES <br />All cost estimates and fee revenues in this report are shown in 1998 dollars. Facilities cost <br />estimates should be systematically reviewed and updated to account for inflation and any other <br />reasonable and necessary changes in cost estimates. <br />Annual Inflation Adjustment <br />Impact fee levels should be reviewed annually and adjusted, if necessary, to reflect inflation. We <br />recommend the use of Engineering News-Record construction cost indices as an industry <br />standard for construction cost inflationary adjustments. Land casts can be updated annually, <br />using local land value information such as that from local real estate companies, or using the <br />shelter price index from the San Francisco Bay Area Consumer Price Index (CPI) if land value <br />data are not available. <br />Hausrath Economics Group 12 <br />