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City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2018
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050118
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4/26/2018 12:56:47 PM
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4/26/2018 11:34:25 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/1/2018
DESTRUCT DATE
15Y
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Table 7 — Comparative Development Impact Fees — Parks, Facilities and <br /> Transportation <br /> Pleasanton - Pleasanton - <br /> Pleasanton Pleasanton Max Percent of Percent of <br /> Land Use Existing (2018 Study) Median Average Median Average <br /> Single Family (per unit) $20,944 $28,901 $30,152 $25,559 96% 113% <br /> Multi-Family (per unit) 14,770 19,640 25,188 21,837 78% 90% <br /> Retail (per sq ft) 15.15 26.66 7.92 15.33 337% 174% <br /> Office (per sq ft) 7.88 18.51 9.91 15.41 187% 120% <br /> Hotel/Motel (per room for <br /> max and per sq ft for <br /> existing) 0.47 7,782 <br /> R&D (per sq ft) 5.97 13.61 <br /> Industrial ( per sq ft) 5.78 9.45 5.92 10.21 160% 93% <br /> Table 8 — Comparative Affordable Housing Development Impact Fees <br /> Pleasanton - Pleasanton - <br /> Pleasanton Pleasanton Max Percent of Percent of <br /> Land Use Existing (2018 Study) Median Average Median Average <br /> Single Family (per 1,500 <br /> sq ft unit) $20,291 $44,930 $29,435 $27,068 153% 166% <br /> Multi-Family (per 2- <br /> bedroom unit) 20,291 37,358 20,983 16,476 178% 227% <br /> Retail (per sq ft) 3.15 211.08 0.53 0.56 40206% 37525% <br /> Hotel/Motel 3.15 49.69 - - <br /> Office (per sq ft) 3.15 82.56 <br /> Industrial (per sq ft) 3.15 82.56 0.06 0.15 150109% 54138% <br /> Another way to evaluate the maximum Development Impact Fee calculations is to <br /> compare them to the average and median fees of surrounding jurisdictions. Using this <br /> approach the maximum Parks, Facilities and Transportation fees are 96% of the median <br /> and 113% of the average in the area for Single Family residential development and 78% <br /> of the median and 90% of the average for Multi-Family residential development. In <br /> terms of commercial development, only the fees for Industrial development fall under <br /> the average of the area at 93%. The remaining commercial maximum fees are 120% to <br /> 337% of the average and median for the area. <br /> The maximum Affordable Housing Impact fee of $44,930 for Single Family residential <br /> development is 153% of the median 166% of the average in the area. The maximum of <br /> $82.56 per square foot for Industrial development is 150,109% of the median and <br /> 54,138% of the average in the area. <br /> CONCLUSION <br /> This nexus study simply provides an analysis regarding the maximum limits the City can <br /> collect for each development impact fee category; ultimately the fee amounts are <br /> determined by City Council policy and can be set lower than the maximum amounts <br /> identified in the nexus reports. However, in setting those new fees it is important to note <br /> that the City will need to ensure that fee amounts are sufficient to fund new amenities <br /> and mitigate future impacts resulting future development as proposed in the General <br /> Page 8of9 <br />
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