2008 ORD O-09-08 - Laserfiche WebLink

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Page 7 SUMMARY OF GENERAL RECOMMENDATIONS Based on the findings presented in the Nexus StUdy, the following general recommendations are presented, 1. Although the City collects Quimby in -lieu fees for parkland acquisition, these fees only reflect a level of service standard of 3.0 acres per 1,000 residents. An additional 2.0 acres of parkland per 1,000 residents need to be collected by the park impact fee for to achieve the General Plan standard of 5.0 acres per 1,000 residents. 2. The City should establish new park impact fees to fairly allocate the costs of park development to new development. The following park impact fees for the City are proposed: FIGURE 1— PROPOSED PARK IMPACT FEES Non -Residential Per Sq. Ft. Retail / Other $0.26 Office $0.43 Industrial $0.18 3. The proposed park impact fees should be collected from new development in addition to fees or land dedication pursuant to the Quimby Act. 4. The City should periodically conduct a review of facility costs, land costs and building trends in the City. If costs change significantly in either direction, this Nexus Study should be updated and the park impact fees adjusted accordingly. Alternatively, the ordinance and/or resolution establishing the park impact fees could include a provision for annual escalations based on a City review of vacant lana values qn:l an appropriate inflationary factor applied to the remaining cost components. CITY OF COLTON �- PARK IMPACT FEE NEXUS STUDY, 2008 SGfCansut#ingGroup Proposed Park Land Use Category Impact Fees Residential Per Unit Single -Family Housing $5,317 Multi -Family Housing $3,385 Mobile Homes $3,836 Second Residential Units $3,385 Non -Residential Per Sq. Ft. Retail / Other $0.26 Office $0.43 Industrial $0.18 3. The proposed park impact fees should be collected from new development in addition to fees or land dedication pursuant to the Quimby Act. 4. The City should periodically conduct a review of facility costs, land costs and building trends in the City. If costs change significantly in either direction, this Nexus Study should be updated and the park impact fees adjusted accordingly. Alternatively, the ordinance and/or resolution establishing the park impact fees could include a provision for annual escalations based on a City review of vacant lana values qn:l an appropriate inflationary factor applied to the remaining cost components. CITY OF COLTON �- PARK IMPACT FEE NEXUS STUDY, 2008 SGfCansut#ingGroup