|
Table 6 presents the Development Fees based on the three types of housing units
<br />assuming approximately 224 homes are relocated to other areas of the City:
<br />Table 6
<br />(Based on 224 Homes being relocated to other areas of the Citvl
<br />Citv's Fees
<br />Public Facilities Fees
<br />Water Connection Fees
<br />Sewer Connection Fees
<br />Park Dedication Fees
<br />Traffic Impact Fees
<br />Low Income Housing Fee
<br />Total City Fees
<br />Other Agencies
<br />Zone 7 (Water)
<br />DSRSD (including
<br />LAVWMA)
<br />TriValley Traffic Fees
<br />Pleasanton Unified
<br />School District
<br />Zone 7 Drainage~'~
<br />Total Other Agencies
<br />Multifamily Single Family
<br />$ 540, 512.00
<br />$ 143, 360.00
<br />$ 73,920.00
<br />$ 1,785,056.00
<br />$ 617, 344.00
<br />$ 538.720.00
<br />$ 3,698,912.00
<br />$ 886,368.00
<br />$ 268,800.00
<br />$ 112,000.00
<br />$ 2,174,368.00
<br />$ 882,112.00
<br />$ 2.173.248.00
<br />$ 6,496,896.00
<br />$ 4,843,104.00 $ 4,540,480.00 $ 4,540,480.00
<br />Hillside Homes
<br />$ 886,368.00
<br />$ 268,800.00
<br />$ 112,000.00
<br />$ 2,174,368.00
<br />$ 882,112.00
<br />$ 2.173.248.00
<br />_$ 6,496,896.00
<br />$ 1,720,544.00 $ 2,912,000.00 $ 2,912,000.00
<br />$ 289,408.00 $ 455,168.00 $ 455,168.00
<br />$ 612, 864.00
<br />$ 162,400.00
<br />$ 7,628,320.00
<br />$ 6,758,080.00
<br />$ 630,560.00
<br />$ 15,296,288.00
<br />$ 13,516,160.00
<br />$ 1,531,040.00
<br />~ 22,954,848.00
<br />Total Capital Fees $ 11,327,232.00
<br />(1) Assumed impervious surface is equal to the floor area
<br />plus 10%.
<br />Maximum Reduction
<br />Minimum Reduction
<br />$ 21, 793,184.00
<br />$ 29,451,744.00
<br />$ 29,451, 744.00
<br />$ 11,327,232.00
<br />$ 18,124,512.00
<br />$ 29,451,744.00
<br />$ 21,793,184.00
<br />$ 7,658,560.00
<br />Based on the analysis in Table 6, the reduction in Development Fees from relocating 224
<br />homes from the hillside to other areas of the City ranges from $18,124,512 (based on
<br />100% of the homes being multifamily) to $7,658,560 (based on 100% of the homes being
<br />single family). The actual reduction in Development Fees to the City and the other
<br />agencies is dependent upon whether the relocated units are developed as multifamily or
<br />single family detached homes. It should also be noted that while the reduction in the
<br />City's Development Fees ranges from zero to $2,797,984, the agency that is most
<br />impacted is the Pleasanton Unified School District (PUSD). As noted above, school
<br />impact fees are based on the size of the home and therefore, the property owner
<br />developing a larger home pays a proportionally larger fee. The range in reduced
<br />Development Fees to be collected by PUSD is $6,758,080 to $12,903,296. It should also
<br />32
<br />
|