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ATTACHMENT 5 DRAFT MEMORANDUM To: Tina Olson, City of Pleasanton From: Jason Moody and Michael Nimon, EPS Subject: Pleasanton Impact Fee Comparisons and Economic Implications; EPS #151111 Date: November 30, 2017 The Economics of Land Use Economic & Planning Systems (EPS) is currently working for the City of Pleasanton to update its capital facility, transportation, and affordable housing impact fees. EPS has completed draft Nexus Report which calculates maximum allowable impact fee level that could be imposed by the City for each capital facility category. This memorandum focuses on ,, the economic and associated policy implications of various fee levels to �� support the City Council consideration and potential approval of comprehensive Impact Fee Program. Fee Comparisons EPS has compared the preliminary maximum allowable fee developed as part of the draft Nexus Report with (1) the City's existing fees and (2) fees currently being charged by a selected set of comparable jurisdictions. Table 1 summarizes the differences between maximum allowable fee level based on the draft Nexus Report and existing fees by land use category (further detail is provided in Appendix A). As shown, the maximum allowable capital facilities fee increases for all land use categories, with particularly significant increases in the nonresidential land use categories. When the maximum allowable Affordable Housing fee is included the increasing over existing levels is even more pronounced. However, jurisdictions rarely charge the full amount for affordable housing fees (the City's existing Affordable Housing fee is well below the maximum allowed). Economic&Planning Systems,Inc. One Kaiser Plaza,Suite 1410 Oakland,CA 94612-3604 510.841.9190 tel 510.740.2080 fax Oakland Sacramento Denver Los Angeles www.epsys.com