OF tipan Coetty Shae

C. Existing Development

concentrated near the northeast corner.

D. Calculation of Development Cost Charges

1. Total benefiting dwelling units:

Existing 64 Future potential! 626 Total future 70Q.

2. City's share for existing development:

a

City share

total future units

64 x $161,455 700

$14,762

3. New development share:

Total cost Less existing development share =

ii

Less City assistance (5%)

New development share

4. Cost per dwelling unit:

New development share No. of benefiting units

Cost per dwelling unit $139,558 = . : 626 ;

The area currently has 64 existing dwelling

no. of existing units x cost of work

$161,455 14,762

$146,693 7,335

$139,358

$139,358 626

$ 225