Laserfiche WebLink
<br /> (g) The park impact fees shall be calculated according to the following formula. <br /> FEE = EDUS x NET COST/EDU <br /> Where: <br /> EDUS = UNITS XEDUS/UNIT <br /> UNITS = Number of dwelling units of each housing type in the <br /> development <br /> EDUS/UNIT = Number of Equivalent Dwelling Unitr represented by one <br /> dwelling unit of a given housing type <br /> NET COST/EDU =COST/EDU -CREDIT/EDU <br /> COST/EDU =Total replacement cost of existing park facilities divided by <br /> total existing residential development in the county, <br /> expressed in terms of EDUS <br /> CREDIT/EDU = DEBT/EDU + PAST/EDU + GRANT/EDU <br /> DEBT/EDU =Outstanding debt on existing park facilities divided by total <br /> existing EDUS <br /> PAST/EDU =The net present value of property taxes paid over the last five <br /> years by vacant land for park capacity improvements, <br /> including general fund expenditures as well as debt service <br /> paymentr, per EDU <br /> GRANT/EDU =The net present value of future Federal and State grant <br /> funding anticipated to be forthcoming per EDU over the next <br /> 20 ears <br /> <br /> DRAFT ORDINANCE FOR COUNTY OF I IAWAII PREPARED BY DUNCAN ASSOCIATES 8/9/06 <br /> 10 <br /> <br />