30.66A.035 Impact fee calculation formula.
(1) General. The formula in this section provides the basis for the impact fee schedule for each PSA serving the county.
(2) Determination of projected parks amenities needed for serving growth. The department of conservation and natural resources shall determine, as part of updating the impact fee schedule, projected park amenity needs required to respond to anticipated growth and the estimated capital cost of providing those amenities. Those costs shall provide the basis for the impact fee calculations set forth in this section.
(3) Cost calculation by element. The fees shall be calculated on a "per dwelling unit" basis, by "dwelling unit type" as set forth below.
(a) Single Family Impact Fee Calculation Formula
[[ΣCPA] [HSF] /[SFTOT] [SFAC]]
(b) Multi Family Impact Fee Calculation Formula
[[ΣCPA] [HMF] /[MFTOT] [SFAC]]
Where:
ΣCPA = The sum (total) cost of park amenities
HSF = Population proportion factor from single family housing starts
HMF = Population proportion factor from multi family housing starts
SFTOT = Total projected single family housing starts over six years
MFTOT = Total projected multi family housing starts over six years
SFAC = The proportion of new parks amenities to be paid with impact fees from new development
(Added by Amended Ord. 16-099, Nov. 14, 2016, Eff date Jan. 1, 2017; Amended by Amended Ord. 20-081, Jan. 20, 2021, Eff date Jan. 30, 2021).