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PAST /VMT = The net present value of property taxes paid over the last five years <br /> by vacant land for road capacity improvements, including general <br /> fund expenditures as well as debt service payments, per VMT <br /> GRANT /VMT = The net present value of future Federal and State roadway capacity <br /> funding anticipated to be forthcoming per VMT over the next 20 <br /> years <br /> (2) The park impact fees shall be calculated according to the following formula: <br /> PARK IMPACT FEE = EDUs x NET COST/EDU <br /> Where: <br /> EDUs = UNITS x EDUs/UNIT <br /> Number of dwelling units of each housing type in the <br /> UNITS = development <br /> EDUs/UNIT = Number of Equivalent Dwelling Units 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 total <br /> existing residential development in the County, expressed in terms <br /> 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, including <br /> general fund expenditures as well as debt service payments, per <br /> EDU <br /> GRANT /EDU = The net present value of future Federal and State grant funding <br /> anticipated to be forthcoming per EDU over the next 20 years <br /> -12- <br />