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HomeMy WebLinkAboutExhibit B_Mitigation_MCCExhibit B Affordable Housing Mitigation Requirements Lawn Tents June 23rd-July 5th 40 feet x 50 feet = 2,000 square feet 2,000 sq. ft. / 1000 sq. ft. = 2 sq. ft. 2 sq. ft. x 4.7 FTEs = 9.4 FTEs generated 9.4 FTEs x 65% mitigation rate = 6.11 FTEs to be mitigated if structures are in use 100% of year 6.11 FTEs / 365 days per year = 0.01673973 FTEs per day 0.01673973 x 13 days = 0.21761644 FTEs 0.21761644 x $223,072 cash-in-lieu rate = $48,544.13 $48,544.13/30 years = $1,618.13 due for mitigation of the structure. (Note: this tent is exempted from calculation) August 1st-August 5th 40 feet x 60 feet = 2,400 square feet 2,400 sq. ft./1000 sq. ft. = 2.4 sq. ft. 2.4 sq. ft. x 4.7 FTEs = 11.28 FTEs generated 11.28 FTEs x 65% mitigation rate = 7.332 FTEs to be mitigated if structures are in use 100% of year 7.332 FTEs / 365 days per year = 0.02008767 FTEs per day 0.02008767 x 5 days = 0.10043836 FTEs 0.10043836 x $223,072 cash-in-lieu rate = $22,404.99 $22,404.99/30 years = $746.83 due for mitigation of the structure. Main Dining Room Patio Tents June 27th-July 9th Four 20’ x 20’ tents 20 feet x 20 feet x 4 = 1,600 square feet 1,600 sq. ft. / 1000 sq. ft. = 1.6 sq. ft. 1.6 sq. ft. x 4.7 FTEs = 7.52 FTEs generated 7.52 FTEs x 65% mitigation rate = 4.888 FTEs to be mitigated if structures are in use 100% of year 4.888 FTEs / 365 days per year = 0.01339178 FTEs per day 13 days - 10 days exempt = 3 days 0.01339178 x 3 days = 0.040175 FTEs 0.040175 x $223,072 cash-in-lieu rate = $8,961.99 $8,961.99/30 years = $298.73 due for mitigation of the structure. (note: 10 days of this tent’s use are exempted) July 10th-September 10th One 20’ x 20’ tent 20 feet x 20 feet = 400 square feet 400 sq. ft./1000 sq. ft. = 0.4 sq. ft. 0.4 sq. ft. x 4.7 FTEs = 1.88 FTEs generated 1.88 FTEs x 65% mitigation rate = 1.222 FTEs to be mitigated if structures are in use 100% of year 1.222 FTEs/365 days per year = 0.00334795 FTEs per day 0.00334795 x 73 days = 0.24444 FTEs 0.24444x $223,072 cash-in-lieu rate = $54,518.87 $47,050.47/30 years = $1,817.30 due for mitigation of the structure. (note: the applicant requested flexibility to add 10 days if additional days were needed for an unforeseen event. Consistent with an approval at the St. Regis, hotel, staff added 10 days to the most utilized tent. Housing mitigation is now covered for any additional tent use up to 10 days.) July 26th- August 6th Three 20’ x 20’ tents (there will be four tents but one has been accounted for in the above calculation of 63 days) 20 feet x 20 feet x 3 = 1,200 square feet 1,200 sq. ft./1000 sq. ft. = 1.2 sq. ft. 1.2 sq. ft. x 4.7 FTEs = 5.64 FTEs generated 5.64 FTEs x 65% mitigation rate = 3.666 FTEs to be mitigated if structures are in use 100% of year 3.666 FTEs/365 days per year = 0.01004384 FTEs per day 0.01004384 x 12 days = 0.12052603 FTEs 0.12052603 x $223,072 cash-in-lieu rate = $26,885.98 $26,885.98/30 years = $896.20 due for mitigation of the structure. 3 days in December for the Member Holiday Party Two 20’ x 20’ tents 20 feet x 20 feet x 2 = 800 square feet 800 sq. ft./1000 sq. ft. = 0.8 sq. ft. 0.8 sq. ft. x 4.7 FTEs = 3.76 FTEs generated 3.76 FTEs x 65% mitigation rate = 2.444 FTEs to be mitigated if structures are in use 100% of year 2.444 FTEs/365 days per year = 0.00669589 FTEs per day 0.00669589 x 3 days = 0.02008767 FTEs 0.02008767 x $223,072 cash-in-lieu rate = $4,481 $4,481/30 years = $149.37 due for mitigation of the structure. Pool Tent July 3rd – July 5th One 40’ x 20’ tent 40 feet x 20 feet = 800 square feet 800 sq. ft./1000 sq. ft. = 0.8 sq. ft. 0.8 sq. ft. x 4.7 FTEs = 3.76 FTEs generated 3.76 FTEs x 65% mitigation rate = 2.444 FTEs to be mitigated if structures are in use 100% of year 2.444 FTEs/365 days per year = 0.00669589 FTEs per day 0.00669589 x 3 days = 0.02008767 FTEs 0.02008767 x $223,072 cash-in-lieu rate = $4,481 $4,481/30 years = $149.37 due for mitigation of the structure (Note: this tent is exempt from calculation.) Driving Range Tents Think Big event in September One 10’ x 20’ tent One 20’ x 30’ tent One 20’ x 40’ tent One 60’ x 115.5 tent 200sf+ 600sf + 800sf + 6,930sf = 8,530 square feet 8,530 sq. ft./1000 sq. ft. = 8.53 sq. ft. 8.53 sq. ft. x 4.7 FTEs = 40.091 FTEs generated 40.091 FTEs x 65% mitigation rate = 26.05915 FTEs to be mitigated if structures are in use 100% of year 26.05915 FTEs/365 days per year = 0.07139493 FTEs per day 0.07139493 x 12 days = 0.85673918 FTEs 0.85673918 x $223,072 cash-in-lieu rate = $191,114.52 $191,114.52/30 years = $6,370.48 due for mitigation of the structure. Total: $10,278.91