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Residential Impact Fee - Nexus Study Update City of Pasadena Conclusions & Findings Prepared by

Residential Impact Fee - Nexus Study Update City of Pasadena Conclusions & Findings Prepared by Brion & Associates In association with Nilsson Consulting September 22, 2014. Overview Update to the 2005 RIF nexus study RIF raised $19.4 million and $2 million in interest

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Residential Impact Fee - Nexus Study Update City of Pasadena Conclusions & Findings Prepared by

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  1. Residential Impact Fee - Nexus Study Update City of Pasadena Conclusions & Findings Prepared by Brion & Associates In association with Nilsson Consulting September 22, 2014

  2. Overview • Update to the 2005 RIF nexus study • RIF raised $19.4 million and $2 million in interest • Nexus study based on General Plan and MFA: • Fee funded facility must relate to the project paying fee • Fees must be reasonable cost of the project’s proportionate share. • Fee can’t fund existing development needs, or normal operations, or on-going maintenance costs • Capital replacement costs are allowed

  3. Nexus Studies Requirements: • The purpose of the fee; • The specific use of the fee; • The reasonable relationship between the facility and development charged the fee; • The need for the facility related to development; and • The proportionality of the cost specifically attributable to new development.

  4. Current Conditions • The City currently has • 30 parks with 373 acres • 260 acres of open space • Since 2005, the City acquired 4 new parks • Totaling 32 acres • Expanded two existing parks by 32 acres • For a total of 64 new acres of parkland

  5. Demographics & Growth • Dwelling Units: 60,500 • Household population: 137,000 • New Growth to 2035: • 12,900 dwelling units • 24,700 new residents • Multi-family and condominiums will dominate growth • New population is 15.2% of total at 2035

  6. Park Data • 4.62 park acres per 1,000 population • Includes parkland and open space • Current Park CIP costs for 2014-2018 total $124 million • City’s share is $105 million • New population’s share is $19 million (15.2%)

  7. Park and Recreation Standards & Costs • New development requires • 67.2 acres of new parkland • 46.6 acres of open space • Average parkland price: $3.8 million per acre • Average open space price: $244,500 per acre Total park and open space costs: $302.7 million

  8. Allowable Fee Per Nexus Study • Current RIF fee: • About $16,600 to $30,800 per unit • Allowable RIF fee: • Ranges from about $23,500 to $43,600 per unit • Average fee is $28,486 per unit • RIF fees could increase by 42%

  9. Fee Comparison • What do other cities charge new development for parks? • Fees vary greatly • Fees based on market land values are higher and more comparable • Higher fees have the potential to provide new parkland in a reasonable time frame. • How do other cities spend revenues from park fee programs? • Spent on: • Capital improvements • Land purchases • Physical development of parkland • How successful are other park fee programs? • Cities that responded found their fees were successful or very successful. • Cities receiving large revenues from their park fees are able to upgrade parks and recreational facilities and acquire additional parkland

  10. Fixed Spending Ratio • Flexibility is key in fee programs • Land acquisition opportunities are few and far between – can tie up monies longer than 5 years • Fees need to be used to leverage other grants and matching funds • City should target fees to districts but not restrict them • Capital replacement enhances existing parks to serve new development

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