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Appendix Table G- <br />Market-Rate Prototypes and Development Cost Assumptions <br />Pleasanton Inclusionary Zoning Ordinance Update <br />Item Per Unit <br />Development Prototype <br />Tenure <br />Parcel Size 1 acre <br />Density 75 units/acre <br />Unit Size 800 sq.ft. <br />Number of Bedrooms 1.0 per unit <br />Amount of Parking 1.5 per unit <br />Development Costs <br />Land Costs $5,000,000 per acre $66,667 <br />Site Preparation $30 per sq.ft. of land $17,424 <br />Subtotal, Land $84,091 <br />Direct Construction Costs $325 per sq.ft. $260,000 <br />Parking Costs $50,000 per space, podium $75,000 <br />Builder Fee 5.0% of direct costs, incl. parking $16,750 <br />Subtotal, Direct Costs $351,750 <br />Development Impact Fees [1] $60,692 per unit $60,692 <br />Indirect Costs [2] 20% of direct costs $70,350 <br />Subtotal, Indirect Costs 37% of direct costs $131,042 <br />Total Construction Costs $566,883 <br />Sources: Costar; Marshall & Swift; EPS discussions with local active developers <br />[1] Development impact fee total does not include current affordable housing inclusionary fee requirements <br />[2] Includes costs for architecture and engineering; entitlement and fees; project management; appraisal and market <br />study; marketing, commissions, and general administration; financing and charges; insurance; and contingency. <br />Multifamily Attached Podium <br />Assumptions <br />Rental <br />Page 147 of 893