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

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40. San Raman The city released in June 2016 a draft residential nexus analysis as part of a suite of nexus studies on a host of existing and contemplated new impact fees on residential development. The city currently requires 15 percent of market -rate units to be affordable on-site plus developers pay a $0.50 per sq. ft. fee. The city is also considering expanding the requirement to include rental development and increase the fee to $2.00 per sq. ft. Type Justified Current Fee Percentage of Maximum (Maximum Fee Single-family $31,400 per unit or IMandatory 15% onsite affordable plus $0.50 per sq detached $15.70 per sq. ft. Townhome _I- $33,450 per unit or IMandatory 15% onsite affordable plus $0.50 per sq $72,000 per unit or $36 per sq. $22.30 per sq. ft. 28% tondo $40,350 per unit or 15% onsite affordable plus $0.50 per sq ft. $26.90 per sq. . ft IMandatory Apartment $49,650 per unit or INo fee $33.10 per sq. ft. ft. Office/R&D/Medical $104.99 per sq. ft. INo fee Retail, Restaurant $178.71 per sq. ft. !No fee and Entertainment l - _ _ Hotel $84.46 per sq. ft. INo fee Light Industrial $66.21 per sq. ft. _ iNo fee 41. Santa Clara (city) Percentage of Maximum Justified Fee (estimated) ft. 3.2% ft. 2.2% ft. 1.8% 6/28/2016 Santa Clara in late 2017 adopted an inclusionary and affordable housing impact fee ordinance that will begin going into effect for all new development on July 18, 2018. Residential developers will pay from $6.67 to $10 per sq. ft. for the first six months with fees ramping up substantially to $20-$30 per sq. ft. on Jan. 18, 2019. The city will also impose fees on new commercial development. Type Single-family detached Townhomes Rental multi -family office Retail Hotel Industrial (Warehouse Residential fees go into effect on July 18, 2018. Adjusted annuatly based on Engineering News Record Construction Cost Index Orn Maximum Justified Fee (Current Fee" Percentage of Maximum Justified Fee (estimated) $72,000 per unit or $36 per sq. $20,000 per unit or $10 per sq. 28% ft. ft. $51,700 to $66,800 per unit or $12,495 per unit or $8.33 per sq. _ 21% $39.30 to $41.40 per sq. ft. ft. $72,450 per unit or $48.30 per $10,005 per unit or $6.67 per sq. 14% - sq. ft. ,ft. - - - - - - - - -- - $142.70 per sq. ft. 156.67 per sq. ft. 4.7% $268 per sq. ft. $1.67 per sq. ft. 0.6% $128.70 per sq. ft. $1.67 per sq. ft. 1.3% $149.60 per sq. ft_ $3_33 per sq. ft. $47.80 per sq. ft. - $6.67 per sq. ft. -2.2% 14% 2/21/2018 Residential fees go into effect on July 18, 2018. Adjusted annuatly based on Engineering News Record Construction Cost Index Orn