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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2025 <br /> <br />City of Redwood City 9 <br />Park Impact Fees <br />In May 2022, the City Council adopted updated Parks Impact Fees supported by the Park Impact <br />Fee Nexus Study (2022). The fees in effect during the fiscal year ending June 30, 2025, are <br />presented below in Table 2. <br />Table 2 FY 2024-25 Parks Impact Fees <br /> <br /> <br /> <br />Item <br />Residential Uses <br />Single Family $47,414 per unit <br />Multi-Family $40,710.80 per unit <br />Bedroom Addition <br />ADU (over 750 sqft) <br />Non-Residential Uses <br />Office $7.86 per sq/ft <br />Commercial $5.40 per sq/ft <br />Industrial $2.54 per sq/ft <br />Hotels $3,325.76 per hotel room <br />July 1, 2024 - June 30, 2025 <br />Not Applicable <br />Not Applicable <br />ATTY/RESO.0124/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES REPORT FOR FISCAL YEAR 2024-25 - ATTACHMENT A <br />REV: 12-05-25 MI <br /> <br />8.A. - Page 19 of 55 <br />30