This chapter shall be known as the "Establishment of Development Impact Fees to Finance the Costs of Park Facilities within Specified Recreation and Park Districts."
(SCC 1469 § 1, 2010)
F = D x P |
Where: |
F = the Park Development Fee to be paid by the owner of property for which a Building Permit or Certificate of Occupancy is proposed for approval; and |
D = the number of additional dwelling units to be constructed or relocated to the parcel of real property pursuant to the Building Permit requested; and |
P = Program Fee per dwelling unit for the residential use type specified in the requested Building Permit as shown in the Park Impact Fee Nexus Study for the applicable RPD most recently adopted by the Board, as annually subject to indexed adjustment pursuant to Section 16.155.190. |
F = S x P |
Where: |
F = the Park Development Fee to be paid by the owner of property for which a Building Permit is proposed for approval; and |
S = the floor area in additional square feet of the buildings proposed to be constructed, improved, or relocated to the parcel of real property by issuance of a Building Permit; and |
P = Program Fee per square foot of building for the non-residential use type specified in the requested Building Permit as shown in the Park Impact Fee Nexus Study for the applicable RPD most recently adopted by the Board, as annually subject to indexed adjustment pursuant to Section 16.155.190. |
Stage of Phasing | Level of the Program Fee |
|---|---|
Implementation of the Program | Charge at 33 1/3% of the new rate |
March 2012 annual fee adjustment | Charge at 66 2/3% of the adjusted rate |
March 2013 annual fee adjustment | Charge at 100% of adjusted rate |