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Based on the analysis in Table 7, the reduction in Development Fees from relocating 119 homes from the hillside to other areas of the City ranges from $9,628,647 (based on 100% of the homes being multifamily) to $4,068,610 (based on 100% of the homes being single family). The actual reduction in Development Fees to the City and the other agencies depends on whether the actual relocated units are developed as multifamily or single family detached homes. It should also be noted that while the reduction in the City's Development Fees range from zero to $1,486,429; the agency that is most impacted is PUSD. As noted previously, school impact fees are based on the size of the home and therefore, a property owner developing a larger home pays a proportionally larger fee. The range in the reduction of Development Fees to PUSD is $3,590,230 to $6,854,876. In conclusion, the range of the reduction in Development Fees to the City and other agencies based on a relocation of 119 to 224 homes from the hillside to other areas of the City is $4,068,610 to $18,124,512. The actual reduction will be dependent upon the actual number of homes relocated as a result of implementing the Initiative and the mix of replacement housing units ultimately developed. Summary of the Fiscal Impact of Hillside Developable Parcels Being Relocated to Other Areas of the City Table 8 presents the findings of the fiscal impact to the City's General Fund on an annual basis and the reduction in Development Fees to the City and other agencies as a result of relocating approximately 119 to 224 hillside homes to other areas of the City: Summa Table 8 of Fiscal Im acts Range of Reduction in Net Revenues Maximum Minimum Annual _ Reduction in Net Revenues Per Year $ 183,000 $ 69,000 One-Time Development Fees City $ 2,797,984 $ - Pleasanton Unified School District $ 12,903,296 $ 3,590,230 Other Agencies $ 2,423,232 $ 478.380 Total One-Time Develo ment Fees $ 18,124,512 $ 4,068,610 34