Notice of Public Hearing for the
Proposed 2024-25 Development Impact Fee Schedule
NOTICE IS HEREBY GIVEN that the Milpitas City Council will hold a hearing at its regular City Council meeting in person at Milpitas City Hall, 455 E. Calaveras Blvd. and via Zoom webinar scheduled on Tuesday, October 15, 2024, starting at 7:00 p.m. to review, revise and/or adopt the proposed Fiscal Year (FY) 2024-25 Development Impact Fee Schedule for the City of Milpitas. The proposed FY 2024-25 Development Impact Fee Schedule will be available at least ten (10) days prior to the required public hearing, as provided for in City of Milpitas Municipal Code IV3-6.00, no later than October 5, 2024 for public inspection on the City website www.milpitas.gov.
INTERESTED PERSONS MAY provide public comments during the public hearing in- person by following the instructions listed on the City Council meeting agenda or submit written comments prior to the hearing by emailing the City Clerk at [email protected].
Please be advised that written comments will not be
read during the meeting. Written comments will be digitally distributed to the City Council if received on the public hearing date by 5:00 p.m. and will be part of this meeting’s public record.
Suzanne Guzzetta
City Clerk
Publication Date: October 5, 2024
FY 23/24 Fee FY 24/25 Fee Unit Annual Inflation Note
1 Residential 50,056.00$ 51,850.84$ per unit Y 2 Commercial 32.75$ 33.92$ per square foot Y 3 Office 56.28$ 58.30$ per square foot Y 4 Hotel -$ -$ per room Y 5 Other Uses To Be Determined To Be Determined
a
FY 23/24 Fee FY 24/25 Fee Unit Annual Inflation Note
1 Residential 5 or More Units 278.00$ 287.97$ per unit Y 2 Retail Development of 1,000 or more Square Feet 1,184.00$ 1,226.45$ per square foot Y 3 Office Development of 1,000 or more Square Feet 588.00$ 609.08$ per square foot Y 4 Other Uses To Be Determined To Be Determined
Parcel Size FY 23/24 Fee FY 24/25 Fee Unit Annual Inflation Note 1 Single-Family Medium Density Equal or Smaller than 8,710 square feet 1,100.00$ 1,139.44$ per parcel Y 2 Single-Family Low Density Between 8,711 and 43,560 square feet 1,916.00$ 1,984.70$ per parcel Y 3 Single-Family Between 1 acre and 4 acres 3,594.00$ 3,722.87$ per parcel Y 4 Single-Family Between 4 acres and 9 acres 4,792.00$ 4,963.83$ per parcel Y 5 Single-Family Greater than 9 acres 6,469.00$ 6,700.96$ per parcel Y 6 Multiple Family 16,771.00$ 17,372.35$ per acre Y 7 Commercial, Industrial, Institutional, or Mixed-Use Sites 21,562.00$ 22,335.14$ per acre Y 8 Schools with Athletic Fields 7,187.00$ 7,444.70$ per acre Y 9 Parks 4,792.00$ 4,963.83$ per park Y Escalation Factor Year to Year
Construction
Cost Index Variance # Variance %
Engineering News Record Dec-22 14,977.94
City Cost Index Dec-23 15,515.00 537.06 3.59% San Francisco
December to December
PUB20241004
Activity Description
Activity Description
Activity Description
TRANSIT AREA SPECIFIC PLAN (TASP) DEVELOPMENT IMPACT FEEa
STORM DRAIN IMPACT FEE
CALAVERAS BOULEVARD WIDENING TRAFFIC IMPACT FEE
Fee applies Citywide except TASP Fees for Calaveras Boulevard Widening FY 2024-25 Development Impact Fee Schedule