AgdaPkt 2018-05-21 Joint SA PFA - Laserfiche WebLink

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26. Newark In early 2014, the city replaced its 15 percent inclusionary ordinance and in -lieu fee program with a direct affordable housing impact fee on new residential development. The new fee structure went into place on June 9, 2014. (In October 2014, the City Council considered waiving the fee for a new residential development planned for a Motel 6 site where the city experienced significant crime problems. The roughly $30,000 -per-unit fee would render the housing project financially infeasible but the city staff viewed the development's value as more significant than the loss of the fees.) Type Maximum Justified Fee Current Fee' Percentage or Maximum Justified Fee (estimated) Single-family $59,600 per unit or $23.80 $28,000 per unit or average $14 per sq. ft. 47% detached, large lot per sq. ft. ($20 per sq. ft. for first 1,000 sq. ft. and $8 per sq. ft. for building area beyond. Applies to all units.) Ordinance allows council to waive the fee if they determine sufficient benefit exists without fee. Single family $52,600 per unit or $26.40 $24,000 per unit or average $16 per sq. ft. 54% detached, small lot per sq. ft. (See explainer above.) Townhomes $42,900 per unit or $28.60 $24,000 per unit or average $16 per sq. ft 52% per sq. ft. l(See explainer above.) $45,900 per unit or $35.30 $24,000 per unit or average $16 per sq. ft. 52% (Condos per sq, ft (See explainer above.) (Rental multifamily $30,300 per unit or $35.60 $24,000 per unit or average $16 per sq. ft. 45% per sq. ft. (See explainer above.) Commercial $9.47 per sq. ft. $3.56 per sq. ft. Adjusted ari-n–da—tLy-f—or 38% inflation. Industrial $1.76 per sq. ft. $0.66 per sq. ft. Adjusted annually for _ 37.5% inflation. 12/22/2014 Based on the formula, this results in the following fees: $32,000 for 2,500 sq. ft. single-family unit on large lot; $28,000 for 2,000 sq. ft. single family unit on small lot; $24,000 per townhome; $22,400 per condo; and $17,000 per apartment. 18