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City of San Leandro 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 53,400 per multifamily unit and $4,259 per single family unit (in I99S <br /> dollars). Table 4 summarizes the calculations. <br /> TABLE 4 <br /> CI'T'Y OF SAN LEA1NDRO <br /> PARK IMPACT 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 Pop. Person (2020) Unit (2020) Family Unit <br /> 5346,348 4.56 51,683.25 2.02 53,400 2.53 54,259 <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 acre) and <br /> unadjusted base development costs 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 />