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TABLE OF CONTENTS <br />INTRODUCTION ...................................................................................................................... <br />1 <br />PURPOSE OF THE 111~]PACT FEE STUDY ............................................................................... l <br />EXISTING CITY EXACTIONS FOR PARKLAND ACQUISITION ......................................... 2 <br />FINDINGS REQUIRED BY GOVL'FiNME1VT CODE 66001 ........................................ .... 3 <br />Purpose of the Park and Recreation Facilities Impact Fee ...................................................... 3 <br />Use of the Park and Recreation Facilities Impact Fee ............................................................ 3 <br />Relationship Between the Use of the Park and Recreation Facilities Impact Fee <br />and the Type of New Development ................................................................................... 3 <br />Relationship Between the Need for New Park and Recreation Facilities and the <br />Type of New Development ............................................................................................... 3 <br />Relationship Between the Amount of Park and Recreation Facilities Fee Payment and <br />the Cost of Park and Recreation Facilities ......................................................................... 4 <br />DEVELOPMENT PROJECTIONS ...................................................... .. .4 <br />EXISTING FACII.ITIES .........................:........ ........ 5 <br />EXISTING FACILITY STANDARDS AND VALUATION OF EXISTING SITES <br />AND FACII'ITIES ..................................................................................................................... <br />6TotalAcreage ............................................................... .............................................. 8 <br />Land Value .................................................................... <br />8 <br />Improvement Value ...............................................................................................................8 <br />Total Cost Per Acre ......................................... ............... <br />9 <br />FEE CALCULATION .................................................................... .9 <br />Credit for Parkland Dedication ........................................... ..............10Definitions ......................................................................... ................ <br />11 <br />PROJECTED PARK IMPACT FEE REVENUE ......................................................................11 <br />FUTURE DOCUMENTATION REVIEW AND UPDATES ....................................................12 <br />Annual Inflation Adjustment .................................... ...... 12 <br />Comprehensive Update .......................................................................................................13 <br />COMPARISON OF PARK IMPACT FEE AND CURRENT CITY FEE IN-LIEU <br />OF PARKLAND DEDICATION ................................... .......13 <br />Hausrath Economics Group