RES 2024077 - Laserfiche WebLink

Pleasanton Comprehensive Fee Update and Nexus Study November 2024 Summary of Maximum Allowable Fees Table 1 summarizes the City's maximum allowable fee schedule for the capital facility and equipment needs as evaluated in this Fee Update. The three fee categories updated in this analysis are: • Development Impact Fees - This fee includes the capital facilities fees and transportation fees for the City. Calculations can be found in Chapters 2-4. • Commercial Linkage Fee - This fee only applies to nonresidential developments and is designed to mitigate its impact on the need for affordable housing in the city. Calculations can be found in Chapter 5. • Affordable Housing In-Lieu Fee - This fee only applies to residential developments not providing the affordable housing on site required in the IZO. Calculations can be found in Chapter 7. Table 1 Summary of Maximum Fee Calculations Capital Facilties Transportation Commercial Inclusionary Land Use Fees' Feel Linkage Fee In-Lieu Fee Total Residential(per sq.ft.) Single Family Detached $11.87 $8.23 $84.25 $104.35 Multifamily Rental $23.48 $12.47 $69.19 $105.14 Nonresidential Office(per sq.ft.) $13.41 $31.50 $142.42 $187.34 Retail (per sq.ft.) $9.15 $48.35 $578.73 $636.23 Industrial(per sq.ft.) $4.02 $17.94 $143.39 $165.35 Lodging(per room) $671 $12,908 $36,430 $50,009 (1)Includes 2%adminstrative charge. As noted, the fees represent the maximum allowable amount that the City can charge based on the nexus requirements of the Mitigation Fee Act. The fees also include a two percent administration charge to cover the cost of implementation, as described further in Chapter 6. Note that the maximum allowable commercial linkage fee is very large and significantly exceeds levels that could feasibly be borne by new commercial developments. This is a typical outcome for commercial linkage fee calculations and reflects the fundamental impact that most employment generating uses have on the need for affordable housing. This is why among the relatively small proportion of cities that impose commercial linkage fees, few, if any, charge the maximum allowable amount. To do so would likely have a deleterious effect on a city's economic development and fiscal health. 7