Resolution No. 4900 - Laserfiche WebLink

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3) -- Determine credit for existing deficiency costs. The SDC is designed to fully recover from new development the parks system capacity demand created by growth. The Project List includes costs that are associated with correcting deficiencies of existing parks and facilities, and with increasing the level of service for existing park users. Assuming that the deficiency costs are recovered through taxes - used to retire general obligation (GO) bonds or in the form of general fund support of the projects - new development will contribute to these costs. New development is also contributing to the retirement of existing GO bonds issued in 1998 to fund recent park acquisition and development. To recognize this future contribution, a credit is calculated based on a projected stream of GO bond debt service requirements, assuming one GO bond per Project List priority phase to fund the deficiency costs. The credit is equal to the present value of the future debt payments per person (for residential) or per equivalent population (for nonresidential). Table 16 shows the system-wide unit costs for residential and nonresidential development for each SDC component. 1.4 Develop the sDC Rate Schedule The system-wide cost and credit per unit is multiplied by the number of persons served to determine the fee and credit for a particular type of development. The SDC schedule is presented in Table 17. Table 17 SDC Schedule Category Persons or EP Gross SDC per Credit per Unit Net SDC per per Unit Unit Unit Residential per DU --- ---,----------- -- $773 ------- Sinale-familv 2.64 $3.697 $2,924 ~xIT9V\1D Hm/Mol:JiJ~ Hm 2.14 $2 L 9~? ~___ $627 ----- - $2,370 Multifamilv 1.67 $2.339 $489 $1 ,850 Nonresidential per Room A 1.93 _~~-,-703 --- - $~_,_613 $1,090 c-- Der TGSF B 1.29 $1,80(3 ----- $1,078 ------ $728 - -- $660 $446 C 0.79 $1.106 0 0.47 $658 - $393 -- $265 ------ -- - - ------ ~- -$266 - -$159 $107 E 0.19 See Table 19 for nonresidential class definitions and Appendix A for cross-reference to HUD/BPR codes. 1.4.1 Residential sDC Assessment US Census data form the basis for determining the average number of persons per type of residential development, for purposes of SDC assessment. The US Census classifies living quarters as either housing units or group quarters, as follows: . Housing units - include a house, an apartment, a mobile home or trailer, a group of rooms or a single room occupied as a separate living quarters or, if vacant, intended for occupancy as separate living quarters. If the living quarters contain eight or fewer persons unrelated to the householder or person in charge, it is classified as a housing unit. City of Eugene SDC Methodologies Parks: