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<br />
<br />2000
<br />Units
<br />New Units Estimated
<br />2003 Units Housing Type 2000 2001 2002
<br />Single-Family Detached 10,670364409445 11,888
<br />Multi-Family 5,299 66 307 335 6,007
<br />Mobile Home* 1,317 na na na 1,317
<br />All Housing Types 17,286 19,212
<br />*no permit data available
<br />Source: Existing 2000 units from 2000 U.S. Census; 2000 and 2001 new units based on the number of
<br />building permits issued from the Conway Planning Department, "2001 Economic Report and 2002 Forecast;"
<br />2002 new units based on number of buiiding permits issued for 2002 from Conway Planning Department,
<br />February 18, 2003 memorandum.
<br />
<br />The final step in determining total service units is to multiply the number of existing
<br />residential units by the EDUs per unit calculated earlier based on relative average household
<br />sizes. To determine total existing citywide EDUs for the purpose of the park impact fees, the
<br />estimated number of existing dwelling units of each housing type is multiplied by the
<br />appropriate EDUs per unit and the results for all housing types are summed. As shown in
<br />Table 24, there are an estimated 17,239 park service units (EDUs) in Conway.
<br />
<br />Table 24
<br />EXISTING PARK SERVICE UNITS
<br />Housing Type
<br />2003
<br />Units
<br />EDUsl
<br />Unit
<br />Total
<br />EDUs
<br />Single-Family Detached 11,888 1.00 11,888
<br />Multi-Family 6,007 0.70 4,205
<br />Mobile Home 1,317 0.87 1,146
<br />Total Park Service Units 17,239
<br />Source: 2003 units from Table 23; EDUs per unit from Table 22.
<br />Conway\Road and Park Impact Fee Study April 15, 2003 DFAFT, Page 23
<br />
<br />COST PER SERVICE UNIT
<br />Since the City has not purchased any park land in recent years, the City contacted a local
<br />property appraiser, who estimated that the City's existing park land is currently worth
<br />approximately $39,000 per acre, as shown in Table 25. To be conservative, the City has
<br />decided to use a cost of $20,000 per acre in developing the impact fee.
<br />
<br />Table 25
<br />
<br />PARK LAND COST PER ACRE
<br />
<br />Facility Acres
<br />Estimated
<br />Value
<br />Cost!
<br />Acre
<br />Airport Park 6.0 $240,000 $40,000
<br />Beaverfork Park 50.0 $2,500,000 $50,000
<br />Bainbridge Park 6.0 $150,000 $25,000
<br />Curtis Walker Park 15.0 $675,000 $45,000
<br />Don Owen Park 125.0 $5,000,000 $40,000
<br />5th Avenue Park 10.0 $500,000 $50,000
<br />Gatlin Park 13.0 $325,000 $25,000
<br />Laurel Park 19.0 $950,000 $50,000
<br />McGee Sports Center 14.0 $700,000 $50,000
<br />Pine Street Park 1.5 $59,000 $39,000
<br />Tucker Creek Trail 30.0 $270,000 $9,000
<br />
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