(5)AR 081908 second reading of O-09-08

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DEVELOPMENT FEE SCHEDULE City of Colton Quimby and Park Impact Fee Programs Phasing of Fee Programs Fee Effective Date Method for 41112009 41112010 41112011 66% of 75% of 100% of Current Justified Justified Justified 2 Justified 2 QUIMBY DEDICATION AND IN -LIEU FEES Dedication Requirement (Sq. Ft per Unit) Single -Family Housing 392-457 492 492 492 492 Multi -Family Housing 287 313 313 313 313 Mobile Homes 196 355 355 355 355 Fair Market Land Value $253,000 $253,000 $167,000 $190,000 $253,000 Quimby In -Lieu Fees $1,277 - Single -Family Housing $2,657 $2,858 $1,886 $2,144 $2,858 Multi -Family Housing $1,670 $1,818 $1,200 $1,364 $1,818 Mobile Homes $1,139 $2,062 $1,361 $1,547 $2,062 PARK DEVELOPMENT IMPACT FEES Residential (Per Unit) Single -Family Housing $936 $5,317 $3,509 $4,107 $5,636 Multi -Family Housing $831 $3,390 $2,237 $2,619 $3,593 Mobile Homes $3,842 $2,536 $2,968 $4,073 Second Residential Units $1,412 $932 $1,091 $1,497 Nonresidential (Per Sq. Ft.) Retail I Other See Note 3 $0.26 $0.17 $0.20 $0.28 Office See Note 3 $0.43 $0.28 $0.33 $0.46 Industrial See Note 3 $0.18 $0.12 $0.14 $0.19 Notes: I From the City of Colton Quimby Land Dedication and In -Lieu Fee Study, March 2008 and City of Colton Park Impact Fee Nexus Study, March 2008. 2 Estimated fees also include an annual inflationary adjustment of 3 percent. 3 Nonresidential fee phasing is effective 1015108 at 66% of justified, 101 O at 75% of justified, and 1015110 at 100% of justified, as listed in table.