HomeMy WebLinkAbout4046 Ordinance - Appendix A - Pasco School District 2011 Impact Fee CalculationPASCO SCHOOL DISTRICT
2011 Impact Fee Calculation
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Single Family Residence:
Multi-Family Residence:
25% reduction
APPENDIX A
Pasco School District Capital Facilities Plan
Page 21 of 21
November 2011
Elementary Middle School High School Formula
$72,263,650.00 50.00 $675,000.00 Facility Cost
2244 300 150 Additional Capacity
$32,20305 S0.00 $4,500.00 Cost per Student (CS)
0.350 0.120 0 120 Student Factor (SF)
$11,271.07 90.00 $540.00 CS x SF
$18017 $18017 $18017 Boeck Index
90.00 117 00 130.00 OSPI Sq FI
86 10%86.10%86.10%State Match Eligibility %
54,886.48 S0.00 $0.00 State Match Credit (SM)
$6,384.59 $0.00 $540.00 CS x SF - SM
$6,924.59 Cost per Multi-Family Residence
0.0434 Average Interest Rate
0.529355058 Tax Credit Numerator
0 06637401 Tax Credit Denominator
7975336462 Tax Credit Multiplier (TCM)
$46,800.00 Average Assessed Value (AAV)
371650 68 TCM x AAV
0 00240 Tax Levy Rate (TLR)
S89010 TCM x AAV x TLR =(TC)
$6,034.48 Cost per Multi-Family Residence - Tax Credit
$1,508.62 25% reduction (A)
$4,525.86 Calculated Multi- Family Fee Amount
TBD Recommended Fee Amount
Elementary Middle School High School Formula
S72,263,650.00 S0.00 5675,000.00 Facility Cost
2,244 300 150 Additional Capacity
$32,203 05 50 00 54,500 00 Cost per Student (CS)
0.450 0.180 0 190 Student Factor (SF)
$14,491.37 $0.00 $855.00 CS x SF
$16017 $16017 $18017 Boeck Index
90 00 117 00 130 00 OSPI Sq Ft
8610%86.10%86.10%State Match Eligibility %
S6,282 62 SO OD 50 00 State Match Credit (SM)
S8,208.76 S0.00 $355.00 CS x SF - SM
$9,063.76 Cost per Single Family Residence
0 0434 Average Interest Rate
0.529355058 Tax Credit Numerator
0.06637401 Tax Credit Denominator
7 975336462 Tax Credit Multiplier (TCM)
S147,600.00 Average Assessed Value (AAV)
1177159 66 TCM x AAV
0 00240 Tax Lew Rate (TLR)
$281930 TCM x AAV x TLR =(TC)
$6,244.46 Cost per Single Family Residence - Tax Credit
$1,561 11 25% reduction (A)
$4,683.34 Calculated Single Family Fee Amount
TBD Recommended Fee Amount