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Based on a preliminaty review of the information, it is possible that the impact fees could generate $75,000-$125,000 yearly, assuming about 100 new housing units. The impact fee revenues would range from about $110,000 - $185,000 annually if there were about 150 new housing units annually. The cost for the impact fees study totals $43,300. II. NA TURE OF ASSIGNMENT Tischler & Associates, Inc. (T A) is a fiscal, economic and planning consulting firm that specializes in fiscal impact analysis, impact fees and other revenue exactions. T A has prepared over 400 impact fees, none of which has been challenged. On the other hand, T A has worked on behalf of the private sector to critique impact fees. In all cases, the impact fees have either been eliminated or reduced. III. lVIETHODOLOGIES There are three usual impact fee methodologies that can be applied in the calculation of impact fees. These are the plan-based, incremental and buy-in approaches. The plan- based approach is usually based on a master plan or facility study that indicates the future facility needs over a certain time frame to service certain population thresholds. The incremental approach reflects the methodology in which capital items are added incrementally to meet growth. The buy-in methodology is a third approach. This occurs when the City has already oversized capital facilities from which new growth will benefit. This approach can be utilized with either of the first two approaches. IV. PARKS The Parks category has two components, parks and equipment. These are discussed in turn. The City currently has five park locations. These include Gilbert Samson Memorial Park, a passive park, an active park, and a tot-lot, which will be expanded. It is anticipated that the expenditure of local funds (past and current) could approximate $3.5 million. There is also a component for park equipment. This relates to the transit buses utilized within the City. New growth should pay its fair share for the demands of these buses. TA recommends that the impact fee methodology be recalibrated in order to . reflect updated information pertaining to methodologies, levels of service, costs and other factors. The expansion of these parks will benefit both new and existing residents. Accordingly new growth will pay its fair share of the capital assets from which it benefits. The methodologies are likely to include both the buy-in as well as plan-based approaches. It is likely that the plan-based approach would reflect improvements to parks over a six-year span. During this time the City would be able to utilize funding, other 33 2 Tischler & Associates. Inc.