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CC - Agendas - City Council - REGULAR - 8/29/2006
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CC - Agendas - City Council - REGULAR - 8/29/2006
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Last modified
3/2/2022 4:28:20 PM
Creation date
3/2/2022 11:10:00 AM
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CC - Agendas
Department
City Clerk
Sub
Clerk Records
Content
Agendas
Committee Status
Current
Document Type
City Council
Meeting Type
REGULAR
Meeting Date
8/29/2006
Retention
Permanent
Retention Type
Permanent
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Public
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COP\torey.dawson
Scan Date
3/2/2022
Record Series
GS1016, #10260
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-tea. <br /> LIBRARY <br /> The library development fees are calculated using the incremental expansion approach. The <br /> components included in the fee consist of land, buildings, parking, books, furnishings and vehicles. <br /> All costs have been allocated to residential development only and standards are calculated on a per <br /> capita basis.Average household size is used to determine the development fees. <br /> The table on the following page lists the City's current inventory of library land and improvements. <br /> City staff estimate similar downtown land to cost $200,000 per acre(this amount is higher that the <br /> residential land cost but significantly lower than the nonresidential land price and is used because <br /> future library branches may be constructed in mixed use areas). Construction costs are estimated at <br /> $250 per square foot (based on the recent library expansion project). The value of the City's <br /> current library facilities inventory totals $10,436,000. This value is divided by the current population <br /> resulting in a cost per person figure of$254.22 ($10,436,000/41,050 persons = $254.22). <br /> With the addition of new library facilities to serve new growth, additional library improvements will <br /> also be needed.The table on the following page also includes the City's current inventory of library <br /> improvements and books. These improvements have a total value of $4,108,351. This results in a <br /> per person cost of$100.08 for library improvements ($4,108,351 /41,050 population =$100.08). <br /> To calculate the fee,the residential density of 2.11 is multiplied by the cost per capita. (2.11 x <br /> ($254.22 + $100.08) = $747.57. <br /> a <br />
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