If the developer opts to pay the in-lieu fee, the land fee is determined by fair market value at the time when the parcel map or final map is filed, calculated as follows:
Land Fee = (Park Land Requirement) x (fair market value per acre)
In addition to paying the land fee, a park improvement fee is also required for those who opt to pay the in-lieu fee. This fee is 20% of the Land Fee.
Improvement Fee = 0.20 x (Land Fee)
The total Park Development Impact Fee is the sum of the Land Fee and Improvement Fee.
Total Fee = (Land Fee) + (Improvement Fee)