Agenda - 01-27-2015 - 1 - Laserfiche WebLink

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January 21, 2015 Attachment C 16 SCENARIO B (All Multi - Family 0 -2 Bedrooms) School Impact Fees (If revised and informed by a new Impact Fee Study using new Student Generation Rate data which illustrates varying student generation by bedroom count) Impact Fee Assessment (Potential Revenues) 1495 DUS 1495 Dwelling Units (DUS) $2,388* (CH /C Schools; Multi - Family 0 -2 bedroom count) 2. Student Generation Rate Calculation 1495 DUS All Grades (Student Generation rates from 2014) .13 Multi- family 0 -2 Bedrooms— unadopted 194 Students Note: In other words, 7.7 multi - family units generate one student 3. Cost Recovery of Unit Type *A new school impact fee study would have to be commissioned Assumes School Impact Fees would be increased to reflect increase in Student Generation Rates by 185.7% (i.e. from .070 multi - family to .13 multi - family for 0 -2 bedrooms) $2,388* ($1,286 — Adopted Rate) Per Multi - Family Unit assumes a 60% recovery cost of the school capital demand generated by a multi - family unit (not per multi - family student) $3,980* ($2,143 — (aka maximum supportable impact fee) (Is the hypothetical 100% cost recovery per multi - family unit) 4. Capital Review (Potential Expenditures) 4.1 Capital Scenario If all students were elementary aged (Actual estimate; 105 elementary age, 30 middle school age and 59 high school age) then 194 _ 585 Students per Elementary School 33% of a school (cost $25m ±) ($42,750 ± per elementary student) (costs per student are usually higher for middle and high school) 4.2 Ongoing Annual Operating 194 Students x $693,000 = $3,571 (FY2014 -15) operating expense per student per year *Assumes School Impact Fee is modified NOTE: Finance is analyzing district tax revenue in a separate document. 10