General Plan - Moreno Valley

CHAPTER 8 – HOUSINGMORENO VALLEY GENERAL PLANTABLE 8-6ESTIMATED DEVELOPMENT COSTS FOR OWNER HOUSING PROTOTYPESCITY OF MORENO VALLEYSingle Family5 Units/AcreTownhouse(10 DU’s/Acre)Townhouse(10 DU’s Acre)3BD/2BA 1,200 S.F. 2BD/1BA 900 S.F 3BD/2BA 1,100 S.F.Improved Land CostsDevelopment FeesDevelopment Impact FeeQuimby Park Land In-Lieu FeeBuilding, plan check andinspection fees$ 45,000 $ 37,000 $ 37,000$ 6,255$ 533$1,812$ 4,299$ 398$1,594$ 4,299$ 398$ 1,739Subtotal City Fees$8,600$ 6,291$ 6,436Water and Sewer¾” MeterWater Capacity (per DU) 1Sewer Capacity (per DU)Water & sewer frontage($33/ft)Occupancy ReleaseConstruction WaterFlood Control (Sunnymead)K-Rat Fee ($500/acre)Subtotal –Other Agencies$ 75$ 1,510$ 3,845$ 4,950$ 10$ 50$ 1,226$ 100$ 11,766$ 75$ 1,131$ 3,845$ 2,475$ 10$ 50$ 613$ 50$ 8,249$ 75$ 1,131$ 3,845$ 2,475$ 10$ 50$ 613$ 50$ 8,249Total Development ImpactFees20,366$ 14,540$ 14,685Hard Construction Costs 2 $ 39 $ 39 $ 39Soft Construction Costs(at 15% of Land Costs, Hard$16,825 $12,996 $14,188Costs and Fees) 3Total Development Costs(Before developer profit)$128,991$99,636$108,773Total Development Costs 4Developer Profit @ 10%$141,890$109,600$119,6501Water capacity includes sewer backup and connection fee.2Per square foot. Includes garage.3Includes design, engineering, construction interest and financing fees, marketing and administrativecosts.4All costs current for year 2000.Source: Moreno Valley housing developers and Eastern Municipal Water District (EMWD).Page 8-11 July 11, 2006