HomeMy WebLinkAbout3.0 Impact Fees1
ROAD IMPACT FEE CALCULATION WORK SHEET
Project/Applicant Queen Subdivision
Road District
8d
Land Use (Number of Total Dwelling Units, Including ADUs)
•1
Date Prepared
9/13/2011
Base Road Cost I $710,000
Road Capacity in ADT 11,700
Road Cost per ADT
$60.68
ADT per Land Use 9.57
Base Road Impact Fees per Land Use
5580.74
TAX CREDITS
80% of Annual R & B Property Tax per Land Use
$28.16
County Discount Rate
0.05%
Road Design Life (Years)
12
Present Worth Factor
11.96
Property Tax Credit
$336.82
UNADJUSTED ROAD IMPACT FEE
5243.92
[Base Road Impact Fee - Property Tax Credit]
INFLATION ADJUSTMENT
Denver-Boulder CPI Year of Cost Estimate
158.5
Denver-Boulder CPI Year of Impact Fee Calc.
210.0
Inflation Factor
1.3249'
[CPI for Collection Year/CPI of Year of Cost Estimate]
PRE-CONSTRUCTION INFLATION 5323.17
ADJUSTED ROAD IMPACT FEE
POST-CONSTRUCTION COST ADJUSTMENT
County Discount Rate
0.05%
Term (Years since Construction
0
Compound Interest Multiplier
1.0000
POST-CONSTRUCTION
ADJUSTED ROAD IMPACT FEE #N/A
TOTAL FEE FOR TOTAL NUMBER OF DWELLING UNITS
I 5323.17
1/2 OF FEE TO BE PAID AT FINAL PLAT
I $161.59
IMPACT FEE TO BE COLLECTED WITH EACH BUILDING PERM! 55.98
Prepared by the Garfield County Planning Department