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January 21, 2015 Attachment C 17 <br />SCENARIO C (Mix of Multi - Family 0 -2 and 3+ Bedrooms) <br />School Impact Fees (If revised and informed by a new Impact Fee Study using <br />new Student Generation Rate data which illustrates varying student generation by <br />bedroom count) <br />Impact Fee Assessment (Potential Revenues) <br />1495 DUS 1495 Dwelling Units (DUS) <br />$3,674* (CH /C Schools Mix; Multi - Family 0 -2 and 3+ bedroom count) <br />2. Student Generation Rate Calculation <br />1495 DUS <br />All Grades (Student Generation rates from 2014) <br />With a mix of 77.5% Multi - Family 0 -2 bedroom and 22.5% <br />.20 Multi - Family 3+ bedrooms (unadopted) <br />299 Students <br />Note: In other words, 5 multi - family units generate one student <br />3. Cost Recovery of Unit Type <br />$3,674* ($1,286 — Adopted Rate) <br />Per Multi - Family Unit assumes a 60% recovery cost of the <br />school capital demand generated by a multi - family unit (not per <br />multi - family student) <br />$6,122* ($2,143 — (aka maximum supportable impact fee) <br />(Is the hypothetical 100% cost recovery per multi - family unit) <br />4. Capital Review (Potential Expenditures) <br />4.1 Capital Scenario <br />If all students were elementary aged (Actual estimate; 164 <br />elementary age, 60 middle school age and 75 high school age) <br />then <br />299 _ 585 Students per Elementary School <br />$12 ,,830,000 51 % of a school (cost $25m ±) <br />($42,750 ± per elementary student) <br />(costs per student are usually higher for middle and high <br />school) <br />4.2 Ongoing Annual Operating <br />299 Students x <br />$1,067,729 = $3,571 (FY2014 -15) operating expense per student per year <br />*Assumes School Impact Fee is modified <br />NOTE: Finance is analyzing district tax revenue in a separate document <br />11 <br />