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Table 1- Past Fee Reductions P PUD-97-6,3665-Stanley Blvd. PUD-18 3101 Valley Ave. } (Res No. 97-100) (Res No. ) Storage: -70,450 SF Storage: -137,228 SF Square Footage of Office/Unit: -2,100 SF Office/Unit: -2,700 SF Project Total: -72,550 SF Total: -139,928 SF Employees Assumed 121 233 per EPS Study2 2 3 Actual Employees (1.65 percent of assumed) (1.29 percent of assumed) Fee Rate Reduction ( 78 percent Reduction Approved 77 ercent Reduction for Storage3 ($0.45 $0.10) Approved - ($0.52 4 $0.12) Fee Rate Reduction 0 percent Reduction Approved 0 percent Reduction Approved for Office (full $0.45 fee required) (full $0.52 fee required) Total Fee Reduction -76 percent ! -75 percent ($32,500 4 $8,000)4 ($72,763 4 $17,871) The resolutions approving these reductions are attached as Attachments 7 and 8. Please note, the Council votes were not unanimous (i.e., 3-1 for PUD-97-6 and 4-1 for PUD-15). In both cases, reductions of approximately 77 percent of the fee were approved for the storage component of the projects, and no reduction was approved for the office square-footage in both projects. As shown in the Table 1, because the Affordable Housing Fee was substantially lower at that time than it is today (i.e., $0.45 and $0.52 compared to $13.02 today), the total dollar amounts of the requested reductions were also substantially lower than is the case in the current request from Public Storage. DISCUSSION The subject project includes a net increase of 165,660 square-feet and will have a maximum of five employees. See Table 2 below for a summary of project details. 2 In 1997 and 2002,the EPS Fee Study assumed 600 SF per employee for the"Light Industrial"land use. 3 In 1997 the fee per square-foot was$0.45 and in 2002 it was$0.52. 4 The fees were rounded up/down accordingly in Resolution No.02-009(PUD-97-6) Page 12 of 18