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1.2.1.3 Improvement Fee Cost Basis
<br />Table E-8 shows the calculation of the improvement fee cost basis. The growth share of project
<br />costs from Table ES-6 and ES-7 are summed and the existing SDC fund balance is deducted
<br />from the total.
<br />Table E-8
<br />Im rovement Fee Cost Basis
<br />New Capacity Costs
<br />Park/Facility Type
<br />Rehabilitation
<br />Existing Park
<br />New Land
<br />New Facilities
<br />Total Costs
<br />Costs
<br />Performance
<br />Acquisition
<br />Parks & Trails'
<br />$18,560,000
<br />$30,658,000
<br />$32,931,000
<br />$30,269,000
<br />$112,418,000
<br />Growth Share %
<br />0%
<br />9%
<br />81%
<br />87%
<br />50%
<br />Growth Share $
<br />$0
<br />$2,796,938
<br />$26,801,979
<br />$26,261,065
<br />$55,859,982
<br />Recreation Facilities
<br />&Amenities2
<br />$18,182,178
<br />$5,570,000
<br />$77,507,130
<br />$101,259,308
<br />Growth Share %
<br />0%
<br />12%
<br />50%
<br />39%
<br />Growth Share $
<br />$0
<br />$648,051
<br />$38,575,402
<br />$39,223,453
<br />Total Improvements
<br />$36,742,178
<br />$36,228,000
<br />$32,931,000
<br />$107,776,130
<br />$213,677,308
<br />Growth Share %
<br />0%
<br />10%
<br />81%
<br />60%
<br />Growth Share $
<br />$0
<br />$3,444,990
<br />$26,801,979
<br />$64,836,466
<br />$95,083,435
<br />Less Existing SDC Fund Balance
<br />-$7,805,174
<br />Improvement Fee Cost Basis $87,278,261
<br />From Table E-6
<br />P From Table E-7
<br />1.2.2 Reimbursement Fee
<br />1.2.2.1 Growth Share of Existing System Capacity
<br />For the reimbursement fee, the cost basis is the sum of the value of the existing system parks
<br />and facilities that will serve growth. The units needed to meet growth capacity needs are based
<br />on the LOS analysis (shown in Table E-4). The land and development costs reflect historical
<br />average unit costs from prior improvements constructed by the City. The reimbursement fee
<br />cost basis is shown in Table E-9.
<br />Table E-9
<br />Preliminary Reimbursement Fee Cost Basis
<br />Units Needed For
<br />Growth'
<br />Unit Costs $/Unit 2
<br />( )
<br />Growth Costs
<br />Park Type
<br />Total Developed
<br />Acquisition
<br />Development
<br />Acquisition
<br />Development
<br />Total
<br />Acreage Units
<br />($/acre)
<br />($/unit)
<br />Parks
<br />Acres
<br />Neighborhood
<br />22.2 -
<br />$125,000
<br />$400,000
<br />$2,776,591
<br />$0
<br />$2,776,591
<br />Community
<br />63.1 -
<br />$55,000
<br />$3,469,251
<br />$0
<br />$3,469,251
<br />Metropolitan
<br />173.2 29.7
<br />$80,000
<br />$250,000
<br />$13,857,049
<br />$7,425,117
<br />$21,282,166
<br />Natural Area
<br />92.1 -
<br />$10,000
<br />$921,186
<br />$0
<br />$921,186
<br />Urban Plazas
<br />- -
<br />$0
<br />$0
<br />$0
<br />Botanical Gardens 0.9 $500,000 $0 $468,584 $468,584
<br />Reimbursement Fee Cost Basis $22,205,291 $7,893,701 $30,098,992
<br />1 From Table E-4
<br />E-11
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