HomeMy WebLinkAboutCash in Lieu calculation DATE: 06.05.19
CASH-IN-LIEU OF WATER RIGHTS
For Residential Development
Project Name: Cottonwood Subdivision
Applicant Name: Cottonwood Development LLC
Applicant Address: 3112 Los Feliz Blvd
Los Angeles, CA 90039
Average Annual Single-Family Residential Unit Demand = 0.234 Acre-Feet/Unit
Average Annual Multi-Family Residential Unit Demand = 0.124 Acre-Feet/Unit
Cash-In-Lieu Value 1= $6,000 per Acre-Foot
Sing_le-Family Cash-In-Lieu Details
IN o. o ing a-Farm y
Legal Description Units Paid CIL
Sub-totall SF CIL Fee
0 $0.00
Multi-Family Cash-In-Lieu Details
No. o Multi-Family
Legal Description Units Paid CIL
Lot 3A-1 Minor Subd. No.454C 225
(28.09 acres x 8 units/acre= 224.7)
Sub-totall MF CIL Fee
225 $167,400.00
CIL Grand Total = $167,400.00
1 Cash-in-lieu value established by City Commission Resolution No.4095