TOCPREVNEXT

 


40.620.020    Park Impact Fee Component

The impact fee component for parks, open space and recreational facilities shall be calculated using the following formula:

PIF = (((Ca * Sa/P) + (Cd * Sd/P)) * U) – A

A.    “PIF” means the park, open space and recreational facility component of the total development impact fee.

B.    “Ca” means the average cost per acre for land appraisal, acquisition, closing and minimal improvement for each service area or overlay area set forth in the urban park acquisition component of the park impact fee established in the capital facilities plan. Average costs shall be calculated assuming urban park acquisition standards described in the capital facilities plan for neighborhood parks, community parks and open space. “Ca” may be adjusted periodically, but not more often than once every year.

C.    “Sa” means the parks standard in acres per thousand (1,000) residents. For the urban park acquisition component of the park impact fee for the acquisition of neighborhood parks, community parks and open space, “Sa” equals six (6) acres per thousand (1,000) residents.

D.    “Cd” means the average cost per acre of developing urban park facilities within each district. Development costs for neighborhood and community parks include improvements such as site preparation, turf and vegetation installation, irrigation, playground equipment, benches, picnic tables, restrooms, paths, walkways, fences, and other park amenities. Sidewalk, curb and street improvements may also be included. (The average cost per acre is reduced by the amount of site preparation completed as minimal improvements during the acquisition phase.)

E.    “Sd” means the parks standard in acres per thousand (1,000) residences. For the urban park development component of the park impact fee for the development of neighborhood and community parks, “Sa” equals four and a quarter (4.25) acres per one hundred (100) residents.

F.    “P” means one thousand (1,000).

G.    “U” means the average number of occupants per dwelling unit, or 2.6 occupants for single-family/duplex dwelling units and 1.9 occupants for other multifamily dwelling units.

H.    “A” means an adjustment for the portion of anticipated additional tax revenues resulting from a development which is proratable to urban park system improvements contained in the capital facilities plan. Such adjustment for park impacts is determined to be as set forth below:

Unit Type

Adjustment

Single-Family

$228.50

Multifamily

$166.98


TOCPREVNEXT