AgdaPkt 2019-02-11 Joint SA PFA - Laserfiche WebLink

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7.C. - Page 10 of 11 Estimated City Impact Fees and Developer's Community Benefits Proposed Harbor View Project 1,179,747 square feet of Office Use Required Fee Fee Calculation/Assumption Amount Traffic Impact Based on $2.38/square foot $2.5m US 101/84 Interchange Project Assumes 3.5 employees/1000 square feet $4.7m — Fair Share contribution Woodside 101/84 Interchange $5.3m Blomquist frontage Applicant estimates Blomquist frontage $3.7 m improvements improvements at $3.7 million Sewer, Water & Wastewater $5.2m Blomquist Bridge and round- "Blomquist Bridge" — is the approximately $29 $12m about million project to construct a new bridge across Park contribution $5 m Redwood Creek, between Bair Island Road and the Watt/Strada property. $12m is estimated applicant's fair share Fair Share Infrastructure East 101 Fair Share projects include; Blomquist $6.5m (except Blomquist Bridge) Extension, 101 Undercrossing, a water main across the bridge, emergency water storage Affordable Housing Fee based on $20/square foot. Assume union $15.8m* labor with 25% fee reduction *Developer to off -set the fee with acquisition of new affordable housing units in Redwood City already under Developer's control. Art in Public Places Fee calculated 1% of the $240m construction $2.4m value for the project. Assumed $205/square foot in construction value School impact Fee based on $0.56 per square foot $0.6 TDM Shuttle Commuter shuttle as part of TDM Plan $2.25 TOTAL $55.65M 237 Developer Offer in addition to Required fees Blomquist Bridge Prefund and construct work (benefit should be no more than interest rate on money City "borrows" for the $29m project, i.e. $17m borrowed @ 3% interest) $8m Woodside 101/84 Interchange $5.3m Affordable Housing $12.4m Donation to the Saint Francis Center for the acquisition of affordable housing units Childcare $1m Community shuttle (10 year commitment $2.25m to fund an East/West shuttle) Park contribution $5 m 237