BIL 304 Draft 03 2008-2010 - Laserfiche WebLink

Home

(2) The parks and recreation impact fees shall be calculated according to the following formula: PARKS AND RECREATION IMPACT FEE = EDUs x NET COST/EDU Where: EDUs = UNITS x EDUs/UNIT UNITS = Number of dwelling units of each housing type in the development EDUs/UNIT = Number of Equivalent Dwelling Units represented by one dwelling unit of a given housing type NET COST /EDU = COST /EDU — CREDIT /EDU COST /EDU = Total replacement cost of existing park facilities divided by total existing residential development in the County, expressed in terms of EDUs CREDIT /EDU = DEBT /EDU + PAST /EDU + GRANT /EDU DEBT /EDU = Outstanding debt on existing parks and recreation facilities divided by total existing EDUs PAST /EDU = The net present value of property taxes paid over the last five years by vacant land for parks and recreation capacity improvements, including general fund expenditures as well as debt service payments, per EDU GRANT /EDU = The net present value of future Federal and State grant funding anticipated to be forthcoming per EDU over the next 20 years (3) The fire /EMS impact fees shall be calculated according to the following formula: FIRE /EMS IMPACT FEE = EDUs x NET COST/EDU Where: EDUs = UNITS X EDUs/UNIT UNITS = Number of dwelling units of each housing type in the development or thousands of square feet of nonresidential buildings of each land use type EDUs /UNIT = Equivalent Dwelling Units represented by one dwelling unit of a given housing type or 1,000 square feet of nonresidential floor area of a given land use type, calculated as the ratio of the functional population per dwelling unit or per 1,000 square feet to the functional population of the typical single family detached unit. For residential development, functional population per unit is one - half the average household size for that housing type.