HomeMy WebLinkAbout5.0 Road Impact Fee CalculationsROAD IMPACT FEE CALCULATION WORK SHEET
Project/Applicant
Mahan Subdivision
Road District
8d
Land Use (Number of Total Dwelling Units, Including ADUs)
1
Date Prepared
.
10/1312008
Base Road Cost
5710,000
Road Capacity in ADT
11,700
Road Cost per ADT
5264.00
ADT per Land Use
9.57
Base Road Immet Fees per Land Use
52,526.48
TAX CREDITS
8.0% of Annual R & B Prorty Tax per Land Use
528,16
Couny Discount Rate
1.10%
Road Design Life (Years)
Present Worth Factor
1
8.52
Property Tax Credit
5240.04
UNADJUSTED ROAD IMPACT FEE
S2,286.44
[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.
208.7
Inflation Factor
1.3170
[CPI for Collection Year/CPI of Year of Cost Estimate'
PRE-CONSTRUCTION INFLATION
$3,011.18
ADJUSTED ROAD IMPACT FEE
i
POST-CONSTRUCTION COST ADJUSTMENT
County Discount Rate
1.10%
Term (Years since Construction
0
Compound Interest Multiplier
1.0000
POST-CONSTRUCTION
ADJUSTED ROAD IMPACT FEE
-i
#NIA
TOTAL FEE FOR TOTAL NUMBER OF DWELLING UNITS
I/2 OF FEE TO BE PAID AT FINAL PLAT
IMPACT FEE TO BE COLLECTED WITH EACH BUILDING
Prepared by the Garfield County Planning Department