Resolution Updating the Fee Schedule for the Regional Development Impact Fees 08-06-13

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36 Name: Description: Overall Cost: Recommendation: Important Considerations: Decision Record: Reviewed by: City Council Agenda Item Summary Meeting Date : August 6 , 2013 Prepar ed by: Daryl Betancur Con s ideration of a Resolution updating the fee schedu l e for the Regional Development Impact Fees. In 2008, each jurisdiction in Monterey County adopted ordinances to collect th e Regional Development Impact Fee and established the Regional Development Impact Fee Joint Powers Authority. The Transportation Agency has completed a legally-required update to the Regional Development Impact Fee program. This update was approved by the Transport ation Agency Bo ard acting as th e Regional Development Impact Fee Joint Powers Authority , which your jurisdiction is a member, on June 26 , 20 13. Consequently, each jurisdiction i s now required to adopt a Resolution to upd ate the regional impact fee s. There is no cost to the City. Adopt the Resolution and authori ze the City Administrator to forward a certified copy to the Board of Dir ectors of the Trans port at ion Agency for Monterey County. That there are adequate auditing mechanisms in place to ascertain that the fund s collected are spent and distributed in accordance with the program ' s original intent. As origina lly approved , 50% of the proposed tax funds were to help improve safety and reduce conge s tion along Highways 1 and 101. An additional 25% wa s ear mark ed to go to cities for local street maint e nance while the remaining 25% was supposed to go towards alternative modes of transportation such as buses , bike lanes etc. Further , on July 1 , 2008, the City of Carmel-by-the-Sea ado p ted Ordinance No . 2008-03, which is hereby attached as Exhibit "A" for your reference , establishing a Regional Development Impa ct Fee . ~ - r i Ja s on S t ~ u ; \ t Y Administrato r

Transcript of Resolution Updating the Fee Schedule for the Regional Development Impact Fees 08-06-13

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Name:

Description:

Overall Cost:

Recommendation:

Important

Considerations:

Decision Record:

Reviewed by:

City Council

Agenda Item Summary

Meeting Date: August 6, 2013

Prepared by: Daryl Betancur

Consideration of a Resolution updating the fee schedule for the Regional

Development Impact Fees.

In 2008, each jurisdiction in Monterey County adopted ordinances to

collect the Regional Development Impact Fee and established the

Regional Development Impact Fee Joint Powers Authority. The

Transportation Agency has completed a legally-required update to the

Regional Development Impact Fee program. This update was approved

by the Transportation Agency Board acting as the Regional Development

Impact Fee Joint Powers Authority, which your jurisdiction is a member,

on June 26, 2013. Consequently, each jurisdiction is now required to adopt

a Resolution to update the regional impact fees.

There is no cost to the City.

Adopt the Resolution and authorize the City Administrator to forward a

certified copy to the Board of Directors of the Transportation Agency for

Monterey County.

That there are adequate auditing mechanisms in place to ascertain that the

funds collected are spent and distributed in accordance with the program 's

original intent.

As originally approved, 50% of the proposed tax funds were to help

improve safety and reduce congestion along Highways 1 and 101. An

additional 25% was earmarked to go to cities for local street maintenance

while the remaining 25% was supposed to go towards alternative modes of

transportation such as buses, bike lanes etc.

Further, on July 1, 2008, the City of Carmel-by-the-Sea adopted

Ordinance No. 2008-03, which is hereby attached as Exhibit "A" for your

reference, establishing a Regional Development Impact Fee.

~ - r iJason ~ u ; \ Administrator

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CITY OF CARMEL-BY-THE-SEA

STAFF REPORT

TO: MAYOR BURNETT AND COUNCIL MEMBERS

FROM: JASON STILWELL, CITY ADMINISTRATOR

DATE: 6 AUGUST 2013

SUBJECT: CONSIDERATION OF A RESOLUTION UPDATING THE FEE

SCHEDULE FOR THE REGIONAL DEVELOPMENT IMP ACT FEES.

BACKGROUND:

The Transportation Agency for Monterey County is required to update the Regional

Development Impact Fee program once every five years. The regional fee update includes

revisions to the regional travel forecast model, general plan updates, project financing, and

population growth projections that have occurred since the program started in August 2008. The

Transportation Agency Board ofDirectors acting as the Regional Development Impact Fee Joint

Powers Agency, of which the City is a member, approved the updated fee schedule on June 26,

2013. This resolution is to update the regional fees as part of the City' s code.

DISCUSSION:

The Regional Development Impact Fee program was adopted by the Transportation Agency

Board of Directors in August 2008. As part of the Joint Powers Agreement that established theprogram, the agency is required to update the fee program once every five years. The initial step

of the update process was to run the regional travel demand forecast model to identify the base

year (2013) and horizon year (2030) travel conditions, and the number of new trips generated

between those years. The regional travel demand model has undergone several iterations since

the regional fees were initially calculated. The currently available version of the model forecasts

considerably fewer trips than from the 2007 regional fee nexus study, with the majority of trip

reductions coming from the Greater Salinas and South County zones.

With the modeling and deficiency analysis complete, agency staff used the project list from the

2007 regional fee as a starting point to identify transportation improvement projects that would

be necessary to address horizon year impacts to regional roadways. From the original list ofseventeen projects, there were several updates:

1

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TAMC StaffReport-Update Impact Fees

6 August 2013

Page2

1. US-101 Widening through Salinas: The Westside Bypass project was originallyincluded in the regional fee program as an alternative to widening US -1 01 throughSalinas. The City of Salinas has since made US-1 01 widening a priority project and

requested that this project be included and the Westside Bypass be removed. Bothprojects cost the same and address the same impacts to US-1 01, so there is no net change.

2. County Projects: The County requested that three north county projects be includedwith the regional fee: Gll (San Juan Road), 012 (San Miguel Canyon) and Salinas Road.

3. South County Interchanges: These projects are phased at 70% of the total project cost.

4. US 101 I San Juan Road Interchange: This project has been fully funded up to theregional fee threshold and was removed from the list of projects.

5. Del Monte Corridor: Improvements to Lighthouse Avenue were removed from thisproject and the cost was adjusted accordingly.

FISCAL IMPACT:

There is no financial impact to the City. It is important to note however, that over 20 years, thedraft Regional Development Impact Fee program is expected to generate $129 million for

regional transportation improvement projects.

RECOMMENDATION:1. Approve and adopt Resolution as presented updating the fee schedule for the Regional

Development Impact Fees.

Attachments:1)

Resolution Updating Fee Schedule for the Regional Development ImpactFees.

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CITY OF CARMEL-BY-THE-SEA

CITY COUNCIL

RESOLUTION 2013-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARMEL-BY-THE-SEA

UPDATING THE REGIONAL DEVELOPMENT IMPACT FEES

WHEREAS, the Council of the City of Carmel-by-the-Sea ("City") has adopted

Ordinance No. 2008-03 ("Ordinance") establishing a Regional Development Impact Fee

("RDIF") to be paid by new development within the City to fund, in part, the cost of regional

transportation improvements needed to accommodate new development of land within the

county;

WHEREAS, the Council of the City of Carmel-by-the-Sea has authorized the execution

and delivery of a Joint Powers Agreement ("JPA") establishing the Regional Development

Impact Fee Agency ("RDIF Agency") to coordinate the activitiesof

the partiesto

the JPA inconnection with the collection, transmittal and expenditure of Regional Development Impact

Fees;

WHEREAS, the City of Carmel-by-the-Sea is a voting member of the RDIF Agency

Board ofDirectors;

WHEREAS, the Transportation Agency for Monterey County, acting as the designated

RDIF Agency, has completed the statutorily required five-year update to the Regional

Development Impact Fee program, which was unanimously approved by the RDIF Agency

Board ofDirectors on June 26 , 2013;

WHEREAS, the City Council of the City of Carmel-by-the-Sea deems it necessary and

appropriate to update the RDIF as provided in this Resolution.

NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY

OF CARMEL-BY-THE-SEA does hereby:

SECTION 1. Receives and files the Amount of Regional Development Impact Fee

(RDIF). The amount of RDIF shall be as provided in Exhibit "B" hereto. The amount ofRDIF

shall be subject to automatic and discretionary modifications as provided in the JPA and

subsequent resolutions of this Council.

SECTION 2. Adopts this Re so lution, which shall take effect upon approval.

[THIS SECTION INTENTIONALLY LEFT BLANK]

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PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF CARMEL

BY-THE-SEA this 6TH Day ofAugust 2013, by the following roll call vote:

AYES: COUNCILMEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCIL MEMBERS:

SIGNED:

ATTEST:Jason Burnett, MAYOR

Heidi Burch, City Clerk

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CITY OF CARMEL-BY-THE-SEACITY COUNCIL

ORDINANCE NO. 2008-03

EXHIBIT •A"

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CARMEL-BY-THE-SEA

ADDING CHAPTER 3.36 TO THE CARMEL-BY-THE-SEA MUNICIPAL CODE

ESTABLISHING A REGIONAL DEVELOPMENT IMP ACT FEE

WHEREAS, the Cannel-by-the-Sea City Council finds that future development within theCity of Carmel-by-the-Sea to the year 2030 will result in degradation of traffic levels ofservice on the regional transportation system of streets, arterials, and highways throughout theCounty of Monterey; and

WHEREAS, the Cannel-by-the-Sea City Council finds that failure to expand the capacity of

the existing circulation systemas

new developmentis

approved will increase congestion on theregional system, as documented in the Regional Development Impact Fee - Nexus StudyUpdate (the "Study") approved by the board of the Transportation Agency ofMontereyCounty ("TAMC") on January 16, 2008. TAMC commissioned the Study, which looks at,among other matters, future development and the planned future road improvements needed toserve the new development; and

WHEREAS, the Carmel-by-the-Sea City Council finds and declares that the fair-share trafficimpact fee to be levied upon new development pursuant to this Chapter provides a mechanismto fund new developments ' share of regional transportation system improvements that areneeded to mitigate congestion and related adverse impacts caused by the new development;and

WHEREAS, the Carmel-by-the-Sea City Council fmds that exactions from new developmentare necessary to provide a portion of the funding for the construction of the regionaltransportation improvements needed to accommodate traffic that will be generated by newdevelopment of land within the county; and

WHEREAS, the Carmel-by-the-Sea City Council finds that the Study has determined theextent to which the new development of land will generate traffic volumes impacting theregional transportation system and that this Chapter establishes a fair and equitable method fordistributing the unfunded costs of transportation improvements necessary to accommodate thetraffic volumes generated by such development; and

WHEREAS, the Cannel-by-the-Sea City Council finds there is a reasonable relationship

between the useof

the Regional Development Impact Fee to pay for the constructionof

theRegional Transportation Improvement Projects and the type of development for which theRegional Development Impact Fee is charged in that all new development in the County, bothresidential and non-residential, will generate or contribute to the need for the RegionalTransportation Improvement Projects in different degrees as further described in the Study;and

WHEREAS, the Carmel-by-the-Sea City Council finds that the cost estimates set forth in theTAMC 2007 Regional Development Impact Nexus Fee Study Update are reasonable costestimates for constructing the Transportation Improvement Projects, and the Regional

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Development Impact Fees expected to be generated by future development will not exceed theprojected costs of constructing the Transportation Improvement Projects; and

WHEREAS, the Carmel-by-the-Sea City Council also finds that the fees collected pursuant to

this Chapter shall only be used to finance the Regional Transportation Improvement Projects.The City adopts this ordinance with the expectation that a required minimum number of

TAMC member governing bodies will also adopt the Regional Development Impact Fee on auniform basis and that the County and these other T AMC members will use the fees collectedin a coordinated manner to provide for financing and construction of the RegionalTransportation Improvement Projects; and

WHEREAS, the Carmel-by-the-Sea City Council has reviewed and considered the certifiedEnvironmental Impact Report for the 2005 Monterey Bay Area Metropolitan TransportationPlan and Addendum thereto prepared by TAM C, the lead agency for the RegionalTransportation Impact Fee for purposes of the California Environmental Quality Act (CEQA)(Public Resources Code section 21000, et. Seq. The Council of the City of Carmel-by-the-Sea,as Responsible Agency, has followed the process set forth in 14 Cal. Code of Regs 15096 andhas made the appropriate findings to certify the Environmental Impact Report for this Project;and

WHEREAS, the Carmel-by-the-Sea City Council has authorized the execution and delivery of

a Joint Powers Agreement ("JPA") establishing a Regional Development Impact Fee Agency("RDIF Agency") to coordinate the activities of the parties to the JPA in connection with thecollection, transmittal and expenditure of Regional Development Impact Fees (as definedherein).

NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF CARMEL-BY-THE

SEA DOES ORDAIN AS FOLLOWS:

SECTION 1. The foregoing recitals are adopted as findings of the City Council as thoughset forth fully herein.

SECTION 2. Chapter 3.36, entitled "Regional Development Impact Fee" , shall be added to

the City of Carmel-by-the-Sea Municipal Code.

SECTION 3. Section 3.36.010 of the City of Carmel by the Sea Municipal Code, entitled"Terms and Definitions", shall be added to Chapter 3.36 as shown in bold, italic text asfollows:

3.36. OJ0 Terms and Definitions

As used in this Chapter, the following definitions shall apply:

A. "Applicant" means the person or entity applying for a tract map, parcel map, tentative

subdivision map, conditional use permit, land use permit, building permit or other land useentitlement for a new development project and their successors and assigns.

B. "RDIF Agency" refers to the Monterey County Regional Development Impact Fee JointPowers Agency.

C. "Regional Development Impact Fee", or "the Fee, " or "RDIF" refers to the feesapproved by the governing boards of he County and other TAMC members on newdevelopment within their respective jurisdictions and transmitted to the RDIF Agency as

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provided in the JPA. The project list for the Regional Development Impact Fee is in Exhibit"B" of he JPA.

D. "Regional Transportation Improvement Projects, " or "Projects" refers to those publicimprovements required to mitigate the regional impacts ofnew development on the roads,highways and arterials within the county as specified in Section 16-5.

SECTION 4. Section 3.36.020 of the City of Carmel-by-the-Sea Municipal Code, entitled"Establishment of a Regional Fee", shall be added to Chapter 3.36 as shown in bold, italictext as follows:

3. 36. 020 Establishment ofa Regional Impact Fee

A. The Regional Development Impact Fee is hereby established in the amounts specified ina resolution to be adopted by the Carmel-by-the-Sea City Council for the purpose ofpayingfor Regional Transportation Improvement Projects identified in Exhibit "B" of he JPAneeded to meet increased demand created by traffic resulting from new development. Therevenues raised from the impact fee shall be remitted to the RDIFAgency to be held,

maintained, used and accounted for as required in Government Code section 66006 of heMitigation Fee Act in a coordinated fashion, as provided in the JPA.

B. The Regional Development Impact Fee shall be automatically adjusted as of July 1 ofeach year following the first year after the effective date of his Chapter. The adjustmentshall be calculated by TAMC as administrator of he RDIFAgency, based on the increase ordecrease in the Engineering News Record Construction Cost Index for the San FranciscoBay Area for the period ending December 31 of he preceding calendar year.

C. In addition to the automatic adjustment set forth above, TAMC may recommend to theCounty and other TAMC members that the Regional Development Impact Fee be increasedto reflect revisions to the project list in the Monterey County Regional Transportation Plan,

program revenue, increases in land values over the inflationary increase, or other factors.

D. Except as provided in Government Code sections 65961, 66474.2 and 66498.1 or asotherwise provided by state or federal law or the exemptions set forth in Section 16-3 below,no tract map, parcel map, tentative subdivision map, conditional use permit, land usepermit, building permit or other land use entitlement for a new development project shall beapproved or issued unless payment of he fee is a condition ofapproval for any suchentitlement. Prior to issuance ofa building permit or at such other time as required by law,the City shall require the applicant to pay the Fee.

E. Impact fees shall be imposed and collected by the City and, along with any interestearned on the Fees while in the possession of he City, shall be transmitted by the City to theRDIFAgency on the first day of each month for all Fees collected during the prior month.

The Fees shall be placed by the RDIFAgency in the Regional Transportation Impact FeeTrust Fund. All interest or other earnings of he Fund shall be credited to the Fund.

SECTION 5. Section 3.36.030 of the City of Carmel-by-the-Sea Municipal Code, entitled"Exemptions " , shall be added to Chapter 3.36 as shown in bold, italic text as follows :

3.36.30 Exemptions

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In addition to any exemptions from the levy of development impact fees provided by law,including, as applicable, the levy ofdevelopment impact fees which are the subject of avested subdivision map, the following development projects are exempt from payment of hefee required by this Chapter:

A. The reconstruction ofany building so long as the reconstructed building both continues a

use of the same category as the prior use and generates the same or fewer trips as theoriginal building and reconstruction commences and so long as the permit for reconstructionis issued within one (1) year from destruction of he building.

B. Development within the Fort Ord Reuse Agency ("FORA") area that is subject totransportation improvement fees for transportation projects within the FORA plan area.

C. Development pursuant to a development agreement that was entered prior to the EffectiveDate of the Joint Powers Agreement in accordance with the terms of the developmentagreement in effect prior to the Effective Date of the Joint Powers Agreement.

SECTION 6. Section 3.36.040 of the City of Carmel-by-the-Sea Municipal Code, entitled

"Credits or Reimbursements", shall be added to Chapter 3.36 as shown in bold, italic text asfollows:

3.36.40 Credits or Reimbursements

An applicant who constructs all or part ofone of he Transportation Improvement Projectsmay be eligible for a credit or reimbursement, as provided herein.

A. Credit or Reimbursement for Regional Transportation Impact Projects funded by thestrategic expenditure plan.

An applicant may be eligible for a credit to be applied against payment of he Regional

Transportation Impact Fee i f the applicant constructs or dedicates right-of-way with respectto all or a part ofone of he Transportation Improvement Projects that is, at the time theapplicant enters into an agreement with the City for construction of such project, included inthe prioritization plan of he strategic expenditure plan as a project to be funded.

An applicant may be eligible for a reimbursement i f he cost of constructing such aTransportation Improvement Project, or a part of such Project, exceeds the amount of he"Regional Transportation Impact Fee to be paid by the applicant. The amount ofreimbursement shall equal the difference between the cost of constructing all or a part of theRegional Transportation Improvement Project and the Regional Development Impact Fee forthe development project.

Reimbursement shall be from Regional Development Impact Fee revenues only, and the

right to reimbursement shall be terminated 10 years from the date the applicant entered intothe agreement for construction of he project.

The amount ofcredit, or the credit and reimbursement together, shall be in an amount equalto the cost of he Regional Transportation Improvement Project or portion thereof, ascalculated by the RDIFAgency. The credit, or the credit and reimbursement together, shallbe calculated at the time the applicant enters into an agreement for construction of heRegional Transportation Improvement Project. The credit shall be granted at the same time.

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Once calculated, the amount of reimbursement shall not increase for inflation nor shall itaccrue interest.

B. Reimbursement for Projects Not Funded for Construction in the strategic plan.

I f an applicant constructs all or a part ofa Transportation Improvement Project that is not,

at the time the applicant enters into an agreement for construction of such Project, includedin the strategic expenditure plan as a Project to be funded, the developer may be eligible forreimbursement from the Treasurer of he RDIF, provided that the strategic expenditure planis subsequently revised to include the improvement as a Project to be funded.

In such event, the amount of reimbursement shall be in an amount equal to the cost of heTransportation Improvement Project or portion thereof, as set forth in the strategicexpenditure plan, and shall be calculated by the City and the Treasurer of he RDIF. Theamount of he reimbursement shall be calculated when the applicant enters into anagreement for construction of he Transportation Improvement Project and posts bonds.Once calculated, the amount of reimbursement shall not increase for inflation nor shall itaccrue interest. Reimbursement shall be from Regional Development Impact Fee revenuesonly, and the right to reimbursement shall be terminated 10 years from the date the

applicant entered into the agreement for construction of the Project.

SECTION 7. Section 3.36.050 of the City of Carmel-by-the-Sea Municipal Code, entitled"List of Projects on the Regional Transportation System", shall be added to Chapter 3.36 asshown in bold, italic text as follows:

3.36.050 List ofProjects on the Regional Transportation System

The Regional Development Impact Fee shall be used to fund all or a portion of the list ofTransportation Improvement Projects described in Exhibit "B" of he JPA.

SECTION 8. Section 3.36.060 of the City of Carmel-by-the-Sea Municipal Code, entitled"Administrative Costs", shall be added to Chapter 3.36 as shown in bold, italic text asfollows:

3.36.060 Administrative Costs

The City hereby establishes a processing fee or administrative surcharge to defray thereasonable cost ofadministration of he RD1F program by the City in an amount to be set bythe Finance Director but which amount shall not to exceed 1% of he fees collected by theCity in accordance with Government Code section 66014 and as otherwise provided by law.

This ordinance shall become effective on the sixty-first (6P1) day following its adoption, or

upon certification by the Executive Director ofTAMC that the County and eight of the citieswithin the County have adopted by resolution or ordinance the Regional Development ImpactFee, whichever date is later. Ifthe certification by the Executive Director of TAMC does notoccur on or before December 31, 2008, this ordinance shall be void and have no force oreffect.

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PASSED AND ADOPTED BY THE COUNCIL OF THE CITY OF CARMEL-BYTHE-SEA this 1st day of July, 2008, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

HAZDOVAC ; ROSE; SHARP;

TALMAGE&

McCLOUD

NONE

NONE

APPROVED:

SUE MCCLOUD, MAYOR

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Exhibit "B"

Regional Development Impact Fee Amount

3

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Re gio nal Developme nt Impact Fees

FeeSch•dule By U.nd Use

IP GREAHR : ; : r ' : ~ o " : . : rAND unDfSIGNATION RATES NORTH COUNTY SALINAS SOUTH COUNTY

NfiLL GRlA fft PENtNSUIAJ

RATES NOR'ni COUNTY SALINAS SOUTHCOAST SOUTHCOUNrt

Residential Ave rage Dwelling Unit

=:==-=--=-=-:=-=--==-==:::= ==== ====== ====:% - =-==z.• =::=====Sincle-Fa mily 9.57 $4,399 $3,130 $2 ,004 $4,466 8 .61 $3,959 $2,817 $1,803 $4,019

Single-Family (M oderate Income) 7.47 $3,434 $2,443 $1,564 $3,486 5.72 $3,091 $2,199 $1,408 $3,137

Single-Family (Low Income) 5.52 $2,538 $1,805 $1,156 $2,576 4,97 $2,284 $1,525 $1,040 $2,318

Apartment 6.72 $3,089 $2,198 $1,407 $3,136 6.05 $2,780 $1,978 $1,265 $2,822Apartment (Moderate Income) 5 .25 $2,411 $1,715 $1,098 $2,448 4.72 $2,170 $1,544 $988 $2,203

Apartment (low Income) 3 .88 $1,782 $1,268 $811 $1,809 3.49 $1,604 $1,141 $730 $1,628

Condo(Townhome 5.86 $2,694 $1,916 $1,227 $2,734 5.27 $2,424 $1,725 $1,104 $2,461Condo/Townhome (Moderate Income) 4 .57 $2,103 $1,495 $958 $2,134 4.12 $1,892 $1,345 $862 $1,921

Condo/Townhome (Low Income) 3.38 $1,554 $1,105 $708 $1,577 3.04 $1,398 $995 $537 $1,419

Multi-Family I Auxiliuy Unit 3.71 $1,705 $1,213 $777 $1,731 3.34 $1,535 $1,092 $699 $1,558Senior Housing 3.71 $1,705 $1,213 $777 $1,731 3.34 $1,535 $1,092 $699 $1, 558

::::;;;;:;:: __:::::====-=-:====== = ~ = = ====== ==·=== -= ==== =======Retai1(5quare Feet!_ 44.32 $4 .847 $3.813 $4.297 $6 .109 37.672 $4.120 $3.241 $3.653 $5.193

: ; ; : : : : = = · = = = = = - - = = : . . : ~ : = = • = = - --== ===== =:=:o:== =====- =====··Building Materia ls and l umber Store 45.16 $4.939 $3.885 $4.379 $6.225 38.39 $4.198 $3.302 $3.722 $5.291

Free-Standing Discount Superstore 49.21 $5.382 $4.234 $4.772 $6.783 41.83 $4.575 $3.599 $4.056 $5.755

Specialty Retail Center 44.32 $4.847 $3.813 $4 .297 $6.109 37.57 $4.120 $3.241 $3.553 $5.193

Free-Standing Discount Store 55.02 $6.127 $4.820 $5.432 $7.722 47.52 $5.208 $4.097 $4.517 $5.564

Hardware/Pa int Store 51.29 $5.610 $4.413 $4.973 $7.070 43.60 $4.758 $3.751 $4.227 $5.009

Nursery (Garden Ce nte r) 35.08 $3.946 $3.104 $3.498 $4.973 30.67 $3.354 $2.638 $2.974 $4.227

Nursery (Wholesale) 39.00 $4.265 $3.355 $3.782 $5.375 33.15 $3.625 $2.852 $3.214 $4.570

Shopping Center 42.94 $4.696 $3.694 $4.154 $5 .919 36.50 $3.992 $3 .140 $3.539 $5.031

Factory Outlet Center 26.59 $2.908 $2.288 $2.578 $3.665 22.50 $2.472 $1.944 $2.192 $3.115

New Car Sales 33.34 $3.645 $2.858 $3.233 $4.596 28.34 $3 .099 $2.438 $2.748 $3.905

Au tomobile Parts Sales 51.91 $5.771 $5.326 $6.003 $8 .534 52.62 $5.755 $4 ,527 $5 .103 $7.254

Tire Store 24.87 $2.720 $2.140 $2.412 $3.428 21.14 $2.312 $1 .819 $2.050 $2.914

Tire Superstore 20.35 $2.227 $1.752 $1.974 $2.805 17,31 $1.893 $1 .489 $1.578 $2.386

Supermarket 102.24 $11.182 $8 .796 $9.914 $14.093 86.90 $9.505 $7 .477 $8.42 7 $11.979

Discount Supermarket 95.82 $10.589 $8.330 $9.388 $13.345 82.30 $9.001 $7.080 $7.980 $11.344

Discount dub 41.80 $4.572 $3.596 $4.053 $5.762 35.53 $3.886 $3.057 $3.445 $4.898

Home Improvement Superstore 29.80 $3.259 $2.564 $2.890 $4.108 25 .33 $2.770 $2.179 $2.455 $3.492

Electronics Superstore 45.04 $4.925 $3.875 $4.367 $5.208 38.28 $4.187 $3.294 $3.712 $5.277

Discount Home Furnishing 47.81 $5.229 $4.113 $4.635 $6.590 40.64 $4.445 $3.496 $3.941 $5.502

Apparel Store 66.40 $7.252 $5 .713 $5.438 $9 .153 56.44 $5.173 $4.856 $5,473 $7.780

Arts and Crafts Store 55.55 $5.185 $4.855 $5.483 $7.795 48.07 $5.257 $4.135 $4.661 $6.626

Pharmacy/Drugstore (no Drive·Thru) 90.06 $9.850 $7.748 $8.733 $12.414 75.55 $8.372 $6.585 $7.423 $10.552

Pharmacy/Drugstore (Drive-Th ru} 88.16 $9.642 $7.585 $8.548 $12.152 74.94 $8.195 $6.447 $7.255 $10.329

Furniture Store 5.06 $0 .553 $0 .435 $0.491 $0.597 4.30 $0.470 $0.370 $0.417 $0.593

Quality Restaurant 89.95 $9 .84 $7.74 $8 .72 $12.40 76.46 $8.35 $5.58 $7.41 $10 .54

High Turnover (S it-down) Restaurant 127.15 $13.91 $10.94 $12.33 $17.53 108.08 $11.82 $9.30 $10.48 $14.90

Fast Food (Stand-Alone) 496.12 $ 54.25 $42.68 $48.11 $58.39 421.70 $45.12 $36.28 $40.89 $58 .13

Fast Food (w/ Non-Auto) 127.00 $58.38 $41.53 $26.59 $59.25 107.95 $11.81 $9.29 $10.47 $14.88

Fast Food (Shoppine Center Pad) 77.00 $35.40 $25.18 $16.12 $35.93 55.45 $7.15 $5.53 $6.35 $9.02

Fast Food (Shopping Center w/ Non-Auto) 52.00 $23.90 $17.01 $10.89 $24.26 44,20 $4.83 $3.80 $4.29 $5.09

=============;====:::== : = ~ ~ = ------- ===z=== ====== - ====

Office Square Feet )

===== .====-============ :cc: : ====== ======= ======= ~ = = = = = ·General Office 11.01 $5.051 $3.601 $2.305 $5.137 8.808 $4.049 $2.881 $1.844 $4.110

Slns le Tenant Office Building 11 .57 $5 .319 $3.784 $2.422 $5.399 9.256 $4.255 $3.027 $1.938 $4.319

Medical-Dental Office Building 35.13 $16.609 $11.815 $7.564 $15.859 28.904 $13.287 $9.453 $5.051 $13.487

Office Park ll.42 $5.250 $3.735 $2 .391 $5,329 9.136 $4.200 $2.988 $1.913 $4.253

Busin ess Park 12.76 $5.855 $4.173 $2.571 $5.954 10.208 $4.593 $3.338 $2.137 $4.763

= = = = = = = = = = - = = ~ c = • = - - ===· ====· ------ =::=:= =======Industrial / AgricultureJSquare Feet)_

===============-===·==== ==- - ===-== ======= ====== =======Ught Industrial 5.97 $3.204 $2.279 $1.459 $3.252 5.27 $2.884 $2.051 $1.313 $2.927

Heavy Industrial 1.50 $0.590 $0.491 $0.314 $0.700 1.35 $0.621 $0.441 $0.283 $0.530

Warehouse 4.96 $2.280 $1 .622 $1.038 $2.314 4.46 $2.052 $1.460 $0.935 $2.083

Manufacturin g 3.82 $1.755 $1.249 $0.800 $1.782 3.44 $1 .580 $1.124 $0.720 $1 .504

===-==============-====== === ======= :::::::::cz:: ====sa === =:=-Lodging 'Room}

====·==================== za::: ===s= = ====·= ======= ==:=--==

Hotel 8.17 $3,756 $2,672 $1,710 $3,812 6.9445 $3,192 $2,271$1

,454 $3,240Motel 5.53 $2,588 $1,841 $1,179 $2,527 4.7855 $2 200 $1,565 $1,002 $2,233

Fee pe r Trip $460 $327 $209 $457