-2- Current Park Standards - Port Coquitlam: The following statistics and standards come from the 1990 Parks, Recreation & Cultural master plan. 1) 2004 population = 54,000 2) Total additional open space requirement for year 2004 = 61 hectares 3) Present open space land bank = 30 hectares 4) Additional purchase of open space land, 61 hectares - 30 hectares = 31 hectares 5) Overall standard of 5 hectares/i000 population (this does not include decorative or special purpose areas) Analysis of Proposed Park Development Cost Charges: A. FACTS 1990 population: 35,000 2004 population: 54,000 Additional parkland requirement by year 2004: 31 hectares (76.57 acres) Cost of one acre of unserviced urban land in PoCo: $300,000 (This information has been supplied by the B.C. Assessment Authority) Number of persons per single family unit: 3.1 Present park D.C.C. = $800/residential unit. CALCULATIONS ; 1. Total cost of additional parkland: 76.57 acres x $300,000 = $22,971,000 2. Cost attributable to present population: 35,000 x $22,971,000 - $14,888,611 54,000 Cost attributable to 2004 population: 19,000 x $22,971,000 = 38,082,388 54,000 S.F. number of units: 19,000 = 6,129 units 3.1 Cost to Park D.C.C. = $8,082,388 Park D.C.C.: $8,082,388 = $1,319/unit 6,129 Attached are current park D.C.C. charges in other municipalities. Presently Delta, Coquitlam, Langley and Maple Ridge are revising their charges.