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City of San Leandro Park Impact Fee Study <br /> • <br /> Total Acreage <br /> The calculation of the City's existing parks acreage standard of 4.86 acres per 1,000 residents is <br /> shown in Table 3. The standard is based on an estimated current resident population of 75,400. <br /> TABLE 3 <br /> CITY OF SAN LEANDRO <br /> EXISTING PARK STANDARDS <br /> (Acres per 1,000 population) <br /> Existing Resident Existing Standard <br /> Existing Acres Population (Acres per 1,000 pop.) <br /> 366.72 75,400 4.86 <br /> Sources: Table 2; California State Department of Finance; Hausrath Economics Group. <br /> Land Value <br /> An estimated cost of $450,000 per acre is used for most existing community, neighborhood, mini <br /> park, and special recreational facility parkland. A cost of 5450,000 per acre is also assigned to <br /> the 86.5 acres of school facilities anticipated to be covered by the Joint Facility Use Agreements <br /> • <br /> and included above in the calculated standard. Two notable exceptions apply. The City's two <br /> golf courses and Marina Park (eight acres) are valued differently. These holdings are located on <br /> landfill near the San Francisco Bay. Because this land (190.42 acres) would likely be subject to <br /> significant seismic and other building constraints, its value is estimated at 530,000 per acre. <br /> Based on these estimates, the weighted average value of all acres of existing City of San Leandro <br /> parkland is 5231,914 per acre. <br /> Improvement Value <br /> An average cost of S300,000 per acre is used as a base for developed parkland in an urban <br /> environment at the approximate level of recreational development represented by San Leandro <br /> City parks and recreational facilities. Based on the Parks Needs Assessment, which identified <br /> several parks as being in need of "significant renovation," the representative improvement cost <br /> 6 California State Department of Finance Report E -5, 1999. Population on 1/1199 estimated at 75,376; <br /> rounded to nearest 100. <br /> 'Based on N. Gottipanhy's (Senior Engineer. City of San Leandro) knowledge of costs and comparable <br /> level of development of parks in the City of San Leandro. <br /> Hausrath Economics Group 8 <br />