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<br />Table 3 below presents capita cost for parkland based on an assumed land <br />value of $500,000 per acre, However, in the eastern areas of the County, land values are relatively <br />lower than other areas of the County, Therefore, as shown in Table 4, the per capita cost for <br />parkland acquisition In East Contra Costa County assumes a land value of $350,000 per acre. <br />Arguments for higher land costs can be made; however, the presented amounts per acre appear <br />be the most appropriate conservative figures for the purposes of this Study. <br /> <br />(Appendix C presents recent vacant land sales in Contra Costa County by East, <br />West and Central areas,) <br /> <br />Table 3 - Parkland Acquisition Cost per Capita (West I Central County) <br /> <br />Fee Component <br /> <br />Acres per 1,000 <br />Population ' <br /> <br />Acres per <br />Capita' <br /> <br />Land <br />Cost Per Acre <br /> <br />Cost <br />per Capita <br /> <br />Parkland Acquisition <br /> <br />3.0 <br /> <br />0,003 <br /> <br />$500,000 <br /> <br />$1,500 <br /> <br />Notes: <br />1 Based on 3,0 acres per 1 ,000 population Quimby Standard. <br /> <br />Table 4 - Parkland Acquisition Cost per Capita (East County) <br /> <br />Fee Component <br /> <br />Acres per 1,000 <br />Population ' <br /> <br />Acres per <br />Capita <br /> <br />Land Cost Per <br />Acre (East <br />Contra Costa) <br /> <br />Cost <br />per Capita <br /> <br />Parkland Acquisition <br /> <br />3,0 <br /> <br />0,003 <br /> <br />$350,000 <br /> <br />$1,050 <br /> <br />Notes: <br />1 Based on 3,0 acres per 1,000 population Quimby Standard, <br /> <br />Park Impact Fee Nexus Study, 2004 <br />County of Contra Costa <br /> <br />Page 8 <br /> <br />DRAFT REPORT <br /> <br />6-15 <br />