HomeMy WebLinkAboutCouncil Presentation 08/03/2022 - Parks Impact Fee Presentation DraftTown of Marana
Parks Impact Fee
1/1/23 –12/31/32
Process:
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Identify
Service
Area
Inventory
Assets –
Identify
Replacement
Value
Identify
Service
Units
(EDU’s)
Establish
Net Value
Per EDU –
Impact Fee
Before
Adjustment
Adjust
Impact Fee
Forecast
New EDU’s
Forecast
Revenues
Identify CIP
for Parks =
Revenues
Service Area:
•All areas within Town
exclusive of Dove
Mountain Specific Plan
Area
Inventory of Park Assets and Identification
of Replacement Value:
Inventory of Park Assets and Identification
of Replacement Value:
= $57,329,614.00Replacement Value of
Current Park Assets
Identify Current Service Units or
Equivalent Dwelling Units (EDU’s):
•Single Family Detached = 1 EDU
•Multi-Family Attached = .67 EDU
•Total Current EDU’s = 18,166
Establish Net Value per EDU:
Asset Replacement Value
Current EDU’s
Parks Impact Fee Prior to
Adjustment
$57,329,614.
18,166
=
$3,156.00
Adjust Impact Fee
•$3,156.00 minus $500.00 =
$2,656.00
•Adjustment to offset Town’s 4%
Construction Sales Tax Revenues and
Revenues from State related gas tax.
Forecast New EDU’s:
•New EDU’s =13,197
(Based on Land Use Assumptions
and 1 EDU per Single Family
Detached Unit and .67 EDU per
Multi-Family Attached Unit)
Forecast Impact Fee Revenues:
13,197
x $2,656.00
=
$35,051,232
New EDU’s
Impact Fee per EDU
Projected Revenue
Establish Capital
Improvement Program:
•Based on Parks and Recreation
2020 –2030 Master Plan
•Estimated Cost of CIP Projects =
$34,970,688.
Summary:
Current Parks Impact Fee
New Parks Impact Fee
Projected New EDU’s
Projected Revenues from Impact Fees
Value of Planned Parks CIP Projects
$2,461.00
$2,656.00
13,197
$35,051,232.00
$34,970,688.00
Town of Marana
Parks Impact Fee