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OPTION: <br />2-Year <br />Phasing Plan <br />Development Type Current Rate Year One Year Two <br />(Full Rate) <br />Single-family Average $4,246 $5,162 $6,077 <br />Annual Increase 22%18% <br />Multi-family Average $2,686 $3,474 $4,262 <br />Annual Increase 29%23% <br />ď‚–IMPLICATION: Delaying implementation of the full rate means the <br />revenue collected will not support the prioritized project list, pushing <br />more projects out into Phase 3 and beyond. <br />ď‚–ASSUMPTION: Development types that see an overall rate decrease <br />would realize the full decrease in year one.