HomeMy WebLinkAbout5.04 Road Impact Fee FormulaROAD IMPACT FEE CALCULATION WORK SHEET
Project/Applicant
Hunt Ranch Subdivision
Road District
11
Land Use (Number of Total Dwelling Units, Including ADUs)
93
Date Prepared
4/13/2006
Base Road Cost
$6,220,000
Road Capacity in ADT
16,200
Road Cost per ADT
$383.95
ADT per Land Use
9.57
Base Road Impact Fees per Land Use
$3,674.41
TAX CREDITS
80% of Annual R & B Property Tax per Land Use
$28.16
County Discount Rate
4.75%
Road Design Life (Years)
11
Present Worth Factor
8.42
Property Tax Credit
$237.07
UNADJUSTED ROAD IMPACT FEE
$3,437.33
[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.
188.2
Inflation Factor
1.1874
[CPI for Collection Year/CPI of Year of Cost Estimate]
PRE-CONSTRUCTION INFLATION
$4,081.43
ADJUSTED ROAD IMPACT FEE
POST-CONSTRUCTION COST ADJUSTMENT
County Discount Rate
4.75%
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
$379,572.80
1/2 OF FEE TO BE PAID AT FINAL PLAT
$189,786.40
IMPACT FEE TO BE COLLECTED WITH EACH BUILDING PERMI
$2,040.71
Prepared by the Garfield County Planning Department