CC - Agendas - City Council - REGULAR - 8/29/2006

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-tea. LIBRARY The library development fees are calculated using the incremental expansion approach. The components included in the fee consist of land, buildings, parking, books, furnishings and vehicles. All costs have been allocated to residential development only and standards are calculated on a per capita basis.Average household size is used to determine the development fees. The table on the following page lists the City's current inventory of library land and improvements. City staff estimate similar downtown land to cost $200,000 per acre(this amount is higher that the residential land cost but significantly lower than the nonresidential land price and is used because future library branches may be constructed in mixed use areas). Construction costs are estimated at $250 per square foot (based on the recent library expansion project). The value of the City's current library facilities inventory totals $10,436,000. This value is divided by the current population resulting in a cost per person figure of$254.22 ($10,436,000/41,050 persons = $254.22). With the addition of new library facilities to serve new growth, additional library improvements will also be needed.The table on the following page also includes the City's current inventory of library improvements and books. These improvements have a total value of $4,108,351. This results in a per person cost of$100.08 for library improvements ($4,108,351 /41,050 population =$100.08). To calculate the fee,the residential density of 2.11 is multiplied by the cost per capita. (2.11 x ($254.22 + $100.08) = $747.57. a