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4 <br /> City of San Leandro Park Impact Fee Study <br /> This assumption yields a weighted average impact fee of 53,955 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 /> 57.92 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 (Weighted Avg.) 2000 -2020 <br /> 2,000 53,95S 57,916,000 <br /> Sources: Table I; Hausrath Economics Group. <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 costs 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 /> Hausratk Economics Group / <br />