ORD-2003-135 Mill Creek II Subdivision (Section Two) - Preliminary Plan

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24 FISCAL IMPACT ANALYSIS FOR MILL CREEK II -SECTION II RESIDENTIAL SERVICE STANDARD APPROACH Prepared by The Orange County Planning Department July 23, 2003 PROJECT DESCRIPTION Mill Creek Two -Section II subdivision contains 42 buildable lots and is located in Cheeks Township. The lots are accessed by a new public road, which intersect ~~, with Mill Creek Road. The current zoning is R1-Rural Residential District. The average lot size is approximately 1.739 acres. Lots will be served by wells and individual septic systems. Project build-out is estimated at three years Housing units will be constructed, beginning in 2004, with completion of the project scheduled for 2007. Units will consist of detached single-family homes, and the applicant estimates the average sales price to be $145,000 including the lot. METHODOLOGY Fiscal impact analysis is a projection of the direct, current, public. costs and revenues associated with residential and non residential growth in the jurisdiction in which the growth is taking place. Fiscal impact analysis considers only direct impact in that it projects only the primary costs that will be incurred and the immediate revenues that will be generated. It calculates the financial effect of a planned development or new subdivision by considering the current costs and revenues such a development would generate if it were completed and occupied today. Fiscal impact analysis does not consider the private costs of public action. It is concerned only with public (governmental costs and revenues. The method used in preparing the fiscal impact analysis is the Service Standard Approach. While only gross expenditures by service category are derived from the Per Capita Method, the Service Standard method determines the total number of additional employees by service function that will be required as a result of growth. This method employs average county government costs per person, average school costs per pupil, an employee to population ratio, and average operating expenses per employee for each service category and school district. The. number of new employees are projected and multiplied times the average operating expenses (includes personnel, operating and capital costs) per employee. These average costs are then weighed against per capita and per pupil revenues to project the total net fiscal impact of the development.