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Herriman Parks IFFP and IFA

Herriman Parks IFFP and IFA. Zions Bank Public Finance October 27, 2011. Demand Placed On Existing Facilities/ Impact on System Improvements By Anticipated New development. Demand placed on existing public park facilities by new development activity is attributed to population growth.

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Herriman Parks IFFP and IFA

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  1. Herriman ParksIFFP and IFA Zions Bank Public Finance October 27, 2011

  2. Demand Placed On Existing Facilities/Impact on System Improvements By Anticipated New development Demand placed on existing public park facilities by new development activity is attributed to population growth. “Equitable allocation to costs borne in the past and to be borne in the future, in comparison to benefits already received and yet to be received” (Utah Code 11-36a-302(3))

  3. Demand Placed On Existing Facilities/Impact on System Improvements By Anticipated Development “Equitable allocation to costs borne in the past and to be borne in the future, in comparison to benefits already received and yet to be received” (Utah Code 11-36a-302(3))

  4. Demand Placed On Existing Facilities/Impact on System Improvements By Anticipated Development “Equitable allocation to costs borne in the past and to be borne in the future, in comparison to benefits already received and yet to be received” (Utah Code 11-36a-302(3))

  5. Proportionate Share Analysis Total Impact Fee/Single Family - $3,311.04 Total Impact Fee/Multi Family - $3,118.73

  6. Manner of FinancingConsideration of All Revenue Sources • Impact Fees • Used to maintain purchased level of park service • Other revenue sources considered to maintain “higher” service level • General Fund Revenue • GO Bonds • SAA Bonds • Grants • Impact Fee Credits • Extraordinary Costs and Time Price Differential

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