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MEMORANDUM
Date: February 12, 2013
To: Mayor and City Councilmembers
Through: Darin Atteberry, City Manager
Mike Beckstead, Chief Financial Officer
From: Jessica Ping -Small, Revenue and Project Manager�p�
RE: Council Work Session Agenda Item # 2 - Capital Improvement Expansion Fee
Study
The Capital Improvement Expansion Fee study was presented to the Council Finance Committee
on January 14, 2013. Since the presentation, updates have been made to the fee calculations for
Neighborhood Parks and Community Parks. The fee updates include the following:
• The cost per acre of raw parkland for both Neighborhood and Community Parks was
updated from $20K to $30K per acre.
• The trail portion of Community Parks was updated to include design, engineering,
construction management and land acquisition.
The updated information increased the Neighborhood Park fees an additional 5% and the
Community Park fees an additional 15% from what was presented at the Council Finance
Committee on January 14`h.
The effect on the combined or net fees is an average 8% increase from the data presented
previously.