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Ciry of San Leandro Park Impact Fee Study • • per acre was adjusted downward to approximately 76 percent of the base development cost per acre estimate. The resulting value of park development, 3227,700 per acre, is applied to the non -golf course land to estimate the City's existing investment in parkland development per acre. The 5227,700 per acre figure is also applied to the 86.5 acres of Joint Use Agreement School District facilities. Development at the golf courses is valued at S0, because the costs of redevelopment of the golf courses were incurred by the golf course concessionaires, not the City. The weighted average value per acre of existing City of San Leandro park improvements, after adjusting for the condition of existing parks and excluding golf course development, is 5114,434 per acre. Special use facilities such as Farrelly Pool are not valued separately because it is assumed that they are not likely to be expanded. Total Cost Per Acre The land and improvement values above are combined to yield a total acquisition and development value of 5346,348 per acre of parkland. FEE CALCULATION As shown in Table 3, the existing standard for developed parkland is 4.86 acres per 1,000 population. Consequently, the estimated value of park and recreation facilities is S1,684.50 per person (equal to the total cost per acre of 5346,348 multiplied by 4.86 acres per 1,000 population). This per capita cost of expansion is translated to a per -unit fee by multiplying by housing unit occupancy factors. The most current data on housing unit occupancy is provided by the California Department of Finance (DOF). DOF Report E -5 (1999) estimates a City of San Leandro household population of 75,052 in 30,829 housing units in January 1999, for 2.43 • residents per housing unit. This estimate is further adjusted to reflect different occupancy factors for single family and multifamily housing units. Using 1990 Census data for owner- occupied and renter - occupied units as proxies for single family and multifamily units respectively, a single family- occupancy to multifamily - occupancy ratio of 1.26 can be estimated. Holding this ratio constant, and controlling to the Department of Finance 1999 data, it is estimated that there are 2.62 persons per single family unit and 2.09 persons per multifamily unit in 1999. Finally, to calculate the 2020 per -unit occupancy factors, the 1999 factors are multiplied by 0.976 to reflect the ABAG Projections '98 estimate that average household size in San Leandro will decline 3.3 percent Hausrath Economics Group 9