Snoqualmie Valley School District No. 410
2006  FORMULA Impact Fees  --  Single-Family Residences
Site Aquisition Cost Per Single-Family Residence
Formula:  ((Acres x Cost per Acre) / Facility Size) x Student Factor
	Site Size	Cost / Acre	Facility Size	Student Factor
A1  (Elem)	15	$0	600	0.3910	$0.00
A2  (Middle)	25	$0	600	0.1370	$0.00
A3  (Sr High)	40	$297,000	1,500	0.1630	$1,290.96
				A---------->	$1,290.96
Permanent Facility Construction Cost Per Single-Family Residence
Formula:  ((Facility Cost / Facility Size) x Student Factor) x (Permanent/Total Footage Ratio)
	Facility Cost	Facility Size	Student Factor	Footage Ratio
B1  (Elem)	$21,700,000	600	0.3910	0.9405	$13,299.77
B2  (Middle)	$16,770,000	600	0.1370	0.9405	$3,601.32
B3  (Sr High)	$76,930,000	1,500	0.1630	0.9405	$7,862.32
			.	B--------->	$24,763.41
Temporary Facilities Cost Per Single-Family Residence
Formula:  ((Facility Cost / Facility Capacity) x Student Factor) x (Temporary/Total Footage Ratio)
	Facility Cost	Facility Capacity	Student Factor	Footage Ratio
C1  (Elem)	$75,000	23	0.3910	0.0595	$75.86
C2  (Middle)	$75,000	25	0.1370	0.0595	$24.45
C3  (Sr High)	$75,000	27	0.1630	0.0595	$26.94
				C--------->	$127.25
State Match Credit Per Single-Family Residence
Formula:  Boeckh Index x SPI Footage x District Match x Student Factor
	Current Boeckh	SPI Footage	District Match %	Student Factor
D1  (Elem)	$162.43	90	39.55%	0.3910	$2,260.64
D2  (Middle)	$162.43	117	39.55%	0.1370	$1,029.72
D3  (Sr High)	$162.43	130	39.55%	0.1630	$1,361.27
				D---------->	$4,651.63
Tax Credit Per Single-Family Residence
	Average Residential Assessed Value ----------------->			$411,298
	Current Debt Service Tax Rate ---------------------------->			$2.8818
	Bond Buyer Index Annual Interest Rate ---------------->			4.08%
	Discount Period (10 Years) --------------------------------->			10
				TC-------->	$9,575.63
The Tax Credit Calculation can be expressed in the following formula :
((1+Interest Rate)^10)-1
Interest Rate(1+Interest Rate)^10			x Average AV x Rate/Thousand  = Tax Credit
The Tax Credit can also be calculated by inserting these values into the spreadsheet
Function commonly used for calculating Present Value:
PV(Interest Rate, Discount Period, (Average Assessed Value x Tax Rate)) = Tax Credit
Developer Provided Facility Credit
Formula: (Value of Site or Facility) / (Number of Development Dwelling Units)
		Provided Facility or Site Value		Dwelling Units
				FC-------->
Fee Recap
A =	$1,290.96
B =	$24,763.41
C =	$127.25
Subtotal		$26,181.62
D =	$4,651.63
TC =	$9,575.63
Subtotal		$14,227.26
Total Unfunded Need		$11,954.36
50% Local Share		($5,977.18)
FC (If Applicable)		$0.00
Net Fee Obligation		$5,977.18