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Table C-3
<br /> Duplexes 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 11
<br /> Gross Area 2,500 sq.ft.per unit 27,500 sq.ft.
<br /> Efficiency Ratio 100%
<br /> Net Area 27,500 sq.ft.
<br /> Parking Ratio(spaces per unit) 2.0
<br /> REVENUE ASSUMPTIONS
<br /> Sale Price $800,000 per unit $800,000 $8,800,000
<br /> Options(net above costs) 1.0% $8,000 $88,000
<br /> (less)Cost of Sale 3.0% ($24.000). ($264,000)
<br /> Total Revenue $784,000 $8,624,000
<br /> DEVELOPMENT COSTS
<br /> Direct Costs
<br /> Building Construction Cost(1) $110 /GLA sq.ft. $275,000 $3,025,000
<br /> Site Improvement Cost $16.50 /land sq.ft. $65,340 $718,740
<br /> Parking Construction Cost $0 per space
<br /> Total Direct Costs $340,340 $3,743,740
<br /> Indirect Costs
<br /> Impact Fees
<br /> Water $25,120 per unit $25,120 $276,320
<br /> Wastewater $14,881 per unit $14,881 $163,691
<br /> Public Facilities $3,351 per unit $3,351 $36,861
<br /> Traffic Development $4,465 per unit $4,465 $49,115
<br /> Tri-Valley Transportation Committee Fee $2,279 per unit $2,279 $25,069
<br /> Impervious Surface $3,168 per unit $3,168 $34,848
<br /> In-lieu Park Dedication Fee $9,707 per unit $9,707 $106,777
<br /> GIS Fee $8 per unit $8 $87
<br /> School Impact Fee $16,850 per unit $16,850 $185,350
<br /> Other Indirect Costs(2) 20.0% of direct costs $68,068 $748 748
<br /> Total Indirect Costs 43.5% of direct costs $147,897 $1,626,866
<br /> Subtotal,Direct and Indirect Costs $488,237 $5,370,606
<br /> Contingency(%of direct and indirect costs) 5.0% of direct and indirect costs $24,412 $268,530
<br /> Developer Return(%of direct and indirect costs) 14.0% of direct and indirect costs $68,353 $751,885
<br /> Total Costs $581,002 $6,391,021
<br /> RESIDUAL LAND VALUE $203,000 $2,233,000
<br /> (1)Includes building permits.
<br /> (2)Include architecture 8 engineering,financing,and G 8 A costs.
<br /> Source:Economic 8 Planning Systems,Inc.
<br /> Economic&Planning Systems.Inc 7/25/2013 P11210.001121090En Pleasantonloatavnhasln,cture FeasibiNfy,Feasibility Calcs 7 22.13:Is:
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