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creates does not any of exaction This report will calculate a park impact fee that will assessed at time of building permit or certificate of occupancy. The funds collected by the City will be used for the acquisition of future park land and development of existing and future parks. SERVICE UNIT Different types of development must be translated into a common unit of measurement that reflects the impact of new development on the demand for park land and facilities. This unit of measurement is called a "service unit." The most common service unit used in park impact fee analysis is population. Population estimates are based on three factors: the number of dwelling units, average household sizes for various types of units and occupancy rates. The number of dwelling units can be estimated with some degree of precision, and average household size has been declining somewhat predictably but has been stabilizing in recent years. Occupancy rates, on the other hand, tend to vary significantly over time, and not in predictable directions. Consequently, this report recommends the use of a service unit that avoids the need to make assumptions about occupancy rates. This service unit is the "equivalent dwelling unit" or EDU, which represents the impact of a typical single-family dwelling. By definition, a typical single-family unit represents, on average, one EDU. Other types of units each represent a fraction of an EDU, based on their relative average household sizes. Under the proposed methodology, the park exactions will not be determined by the magnitude of the average household size, but rather on the ratio of household sizes between various types of housing units. An EDU is a unit that has an average household size equivalent to a typical single-family unit in Conway. The EDUs associated with each housing type and unit size category are shown in Table 22. Conway\Road and Park Impact Fee Study April 15,2003 DRAFT, Page 22 Table 22 EQUIVALENT DWELLING UNIT MULTIPLIERS Housing Type Avg. HH Size eousl Unit Single-Family Detached 2.71 1.00 Multi-Family 1.89 0.70 Mobile Home 2.37 0.87 Single-Family, 2-Bedroom, 1,129 sq. ft. avg. 2.140.78 Single-Family, 3-Bedroom, 1,688 sq. ft. avg. 2.92 1.06 Single-Family, 4-Bedroom, 2,684 sq. ft. avg. 3.32 1.20 Single-Family, 5-Bedroom, 3,923 sq. ft. avg. 3.54 1.28 All Single-Family Detached Units 2.76 1.00 Source: Average household size for single-family detached, multi-family and mobile home units from Table 4; average household size by bedroom categories for singlefamily units from Table 5 and correspondence between bedroom and square feet from Table 6. In order to determine the existing level of service, it is necessary to estimate the total number of EDUs in the City of Conway. The first step is to compile an estimate of existing 2003 dwelling units, which is summarized in Table 23 below.