Ordinance 2529-01 - Laserfiche WebLink

Table 11 Impact Fee Variables Table Everett School District Criteria Elementary I Middle High Site Acqui ;t:nn Cost Element Site Size (acres) 15 Growth Related Average Land Cost Per Acre $167,137 $167,137 $167,137 Total Land Cost(See Note 1) $2,507,055 Growth Related $1,380,697 Additional Land Capacity 530 Growth Related 292 Student Factor Single Family 0.277 0.116 0.120 Multiple Family 1 Bdrm 0.030 0.004 0.000 Multiple Family 2 Bdrm 0.106 0.054 0.060 School Construction Cost Element Additional Building Capacity 530 336 Growth Related 292 197 Current Facility Square Footage 957,583 501,944 821,301 Estimated Facility Construction Cost $7,952,000 $4,388,000 Growth Related $4,379,362 $2,572,726 Relocatable Facilities Cost Element Existing Units 42 28 11 Portable Relocations Required 16 5 10 Cost Per Unit To Relocate $25,000 $25,000 $25,000 Relocatable Facilities Cost $400,000 $125,000 $250,000 Growth Related $316,680 $113,725 $205,200 Relocatable Facilities Capacity/Unit 24 24.3 24 Relocated Facilities Capacity 384 122 240 Growth Related 304 111 197 Total Relocatable Facilities Capacity 412 444 262 Existing Portable Square Footage 34,692 23,128 9,086 State Match Credit Boeckh Index—June, 2000 $101.63 $101.63 $101.63 School Space per Student (OSPI) 80 100 120 State Match Percentage 0.00% 0.00% 0.00% Tax Payment Credit Interest Rate 6.08% 6.08% 6.08% Loan Payoff (Years) 10 10 10 Levy Rate 0.00285 0.00285 _ 0.00285 Average Assessed Value $152,997 $45,933 $65,892 (Sin:le Fam.) (MF 1 bdrm) (MF 2 bdrm) Growth-Related Capacity Percentage Permanent Facilities 55.07% 0.00% 58.63% Portable Relocations 79.17% 90.98% 82.08% Discount 50% 50% _ 50% (1) Actual estimated cost of property acquisition. ($160,709 X 15 acres X inflation @4%per year). Property for some elementary and middle school expansions adjacent to existing schools is estimated to exceed this unit cost because of existing development on those properties.