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Table C-1
<br /> Custom Lot New Single Family Residual Land Value
<br /> East Pleasanton Specific Plan Infrastructure Feasibility Analysis; EPS#121090
<br /> Item Assumption Per Unit Total(per acre)
<br /> DEVELOPMENT PROGRAM
<br /> Units 4
<br /> Gross Area 5,000 sq.k.per unit 20,000 sq.ft.
<br /> Efficiency Ratio 100%
<br /> Net Area 20,000 sq.ft.
<br /> Parking Ratio(spaces per unit) 2.0
<br /> REVENUE ASSUMPTIONS
<br /> Sale Price $1,400,000 per unit $1,400,000 $5,600,000
<br /> Options(net above costs) 1.0% $14,000 $56,000
<br /> (less)Cost of Sale a0% f$42 0001 ($168,000).
<br /> Total Revenue $1,372,000 $5,488,000
<br /> DEVELOPMENT COSTS
<br /> Direct Costs
<br /> Building Construction Cost(1) $115 /GLA sq.ft. $575,000 $2,300,000
<br /> Site Improvement Cost $7.00 /land sq.ft. $76,230 $304,920
<br /> Parking Construction Cost $0 per space
<br /> Total Direct Costs $651,230 $2,604,920
<br /> Indirect Costs
<br /> Impact Fees
<br /> Water $25,120 per unit $25,120 $100,480
<br /> Wastewater $14,881 per unit $14,881 $59,524
<br /> Public Facilities $4,487 per unit $4,487 $17,948
<br /> Traffic Development $4,465 per unit $4,465 $17,860
<br /> Tri-Valley Transportation Committee Fee $2,279 per unit $2,279 $9,116
<br /> Impervious Surface $7,623 per unit $7,623 $30,492
<br /> In-lieu Park Dedication Fee $9,707 per unit $9,707 $38,828
<br /> GIS Fee $22 per unit $22 $87
<br /> School Impact Fee $33,700 per unit $33,700 $134,800
<br /> Other Indirect Costs(2) 20.0% of direct costs $130,246 $520,984
<br /> Total Indirect Costs 35.7% of direct costs $232,530 $930,119
<br /> Subtotal,Direct and Indirect Costs $883,760 $3,535,039
<br /> Contingency(%of direct and indirect costs) 5.0% of direct and indirect costs $44,188 $176,752
<br /> Developer Return(%of direct and indirect costs) 14.0% of direct and indirect costs $123,726 $494,905
<br /> Total Costs $1,051,674 $4,206,697
<br /> RESIDUAL LAND VALUE $320,000 $1,281,000
<br /> (1)Includes building permits.
<br /> (2)Include architecture Si engineering,financing,and G&A costs.
<br /> Source:Economic Si Planning Systems,Inc.
<br /> Economics Planning Systems,Inc. 7/2512013 P 112100 0t121090Ea#Peasantamoatallnnesuvvure FeasbiFtylFeast ility Oak's 722.13
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