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whether the feCOMes are tUc�ely to be ba banded, and N so, the amortization schedule.. <br />Also, this task w� review and update other sources of finding for school capita <br />needs (e,9•. subs kmding). <br />rw <br />'7777V.=1-111 '.1 ..1.t',777a'.'i 1- _ f <br />As part of calouisting tImpact #ess, the County rmy include the constnrction contract <br />Wm; the cast of aoWft land, improvements, materials and fioftx+es; the cost for pi m*qL <br />surveying. it . and engineering fees for services provided for and directly related to the <br />won system irn and debt ser"* charges, If Imped Issas are used to pay <br />the debt service to fiimnce the cost of the system Improvements. Also inckided will be <br />support buildings, vehicles, and equipment, <br />Work Product Abmorandum as appropriate, rswAs knk ded In impact Fee Report <br />(sae befow) (10%) <br />Task 4. Calculaw"Cr+edits" to be Applied Against Capital Costs. <br />A consideration of -credits" "Is an integral part to the development of a legally valid Impact <br />fee calculation methodology. There is considerable confusion among those who are not <br />Immersed in impact fee law about the. demotion of a edit and why it may be legally or <br />equitably rte: <br />There are, in fact, two (2) types of credits; each vvitlt specific, dislinict characteristics. but <br />both of which will:be isxluded. (or at least considered) in the development of all Impact fees. <br />The first Is a credit due to possible double payment situations. This cowl occur when future <br />cormtt Mons are made by the property owner toward the capital costs of the public facility <br />already covered by the Impact fee. This type of credit will be considered and incorporated <br />into the fee amount, if necessary. The second is a credit toward the payment of an impact <br />fee due for the required dedication of public sites andfor public Improvements provided by <br />the developer and for which the impact fee is unposed.. This type of credit will be addressed <br />In the ordinance that adopts the fee and is addressed during implementation. <br />This task will calculate credits, as appropriate, to account for potential double payment by <br />new development. <br />Work Product Men>orandum as appropriate; msuits mcluded in Impact fee Report <br />(see'beJbw) (10%) <br />Task S. Conduct Funding Source and Cash Flare Analyses- <br />In order to calculate the feasible capital improvements needs required by each school <br />district over time as development occurs, it is, important to evaluate the anticipated funding <br />sources. Cash flaw prgec dos will be teased on projections of now housing by type and <br />district provided by Orange County Public Sdoois and confirmed as part of Section A, <br />Tasks 1 and 2. in thts subtask, we will prepare a hash flown anatysls, which indicates the <br />sour c a a of funding, independent of impact fees. This calculation will allow the County and <br />each disrtsrict to better understand the various mvenus sources available, kicluding Impact <br />a <br />