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Table C-2
<br /> 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 8
<br /> Gross Area 3,000 sq.ft.per unit 24,000 sq.ft.
<br /> Efficiency Ratio 100%
<br /> Net Area 24,000 sq.ft.
<br /> Parking Ratio(spaces per unit) 2.0
<br /> REVENUE ASSUMPTIONS
<br /> Sale Price $975,000 per unit $975,000 $7,800,000
<br /> Options(net above costs) 1.0% $9,750 $78,000
<br /> (less)Cost of Sale 3.0% ($29,250) f$234,0001
<br /> Total Revenue $955,500 $7,644,000
<br /> DEVELOPMENT COSTS
<br /> Direct Costs
<br /> Building Construction Cost(1) $105 /GLA sq.ft. $315,000 $2,520,000
<br /> Site Improvement Cost $13.50 /land sq.ft. $73,508 $588,060
<br /> Parking Construction Cost $0 per space ■ N0
<br /> Total Direct Costs $388,508 $3,108,060
<br /> Indirect Costs
<br /> Impact Fees
<br /> Water $25,120 per unit $25,120 $200,960.00
<br /> Wastewater $14,881 per unit $14,881 $119,048
<br /> Public Facilities $4,487 per unit $4,487 $35,896
<br /> Traffic Development $4,465 per unit $4,465 $35,720
<br /> Tri-Valley Transportation Committee Fee $2,279 per unit $2,279 $18,232
<br /> Impervious Surface $3,812 per unit $3,812 $30,492
<br /> In-lieu Park Dedication Fee $9,707 per unit $9,707 $77,656
<br /> GIS Fee $11 per unit $11 $87
<br /> School Impact Fee $20,220 per unit $20,220 $161,760
<br /> Other Indirect Costs(2) 20.0% of direct costs $77,702 $621 612
<br /> Total Indirect Costs 41.9% of direct costs $162,683 $1,301,463
<br /> Subtotal,Direct and Indirect Costs $551,190 $4,409,523
<br /> Contingency(%of direct and indirect costs) 5.0%of direct and indirect costs $27,560 $220,476.16
<br /> Developer Return(%of direct and indirect costs) 14.0% of direct and indirect costs $77,167 $617,333.24
<br /> Total Costs $655,917 $5,247,333
<br /> RESIDUAL LAND VALUE $300,000 $2,397,000
<br /> (1)Includes building permits.
<br /> (2)Include architecture&engineering,financing,and G&A costs.
<br /> Source:Economic&Planning Systems,Inc.
<br /> Economic B Planning Systems,Inc 7252013 P421000i121090EastRbasanfon1Dafainfasbucfure FeasibiN
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