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San Z dro Park Impact Fee Study <br />Total Acreaee <br />The calculation of the City's existing pazks 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 75,400.6 <br />TABLE 3 <br />CITY OF SAN LEANDRO <br />EXISTING PARK STANDARDS <br />Acres per 1,000 population) <br />Existing Resident Existing Standard <br />Existin Acres Po ulation (Acres er 1,000 0 . <br />366.72 75,400 4.86 <br />Sources: Table 2; California State De artment of Finance; Hausrath Economics Grou . <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 $450,000 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 />and included above in the calculated standard. Two notable exceptions apply. The City's two <br />golf courses and Manna 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 $30,000 per acre. <br />Based on these estimates, the weighted average value of all acres of existing City of San Leandro <br />parkland is $231,914 per acre. <br />Imarovement Value <br />An average cost of $300,000 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-S, 1999. Population on 1/1/99 estimated at 75,376;rounded to nearest 100. <br />Based on N. Gottiparthy's (Senior Engineer, City of San Leandro) knowledge of costs and compazablelevelofdevelopmentofparksintheCityofSanLeandro. <br />Hausrath Economics Group 8