2001 S Planning - Tichler & Associates forProposed Amendment to Agreement for Student Generation Rate and School Impact Fee Studies to Include Parks and Recreation Payment in Lieu, Impact Fee Analysis

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Task 5: Conduct Funding Source and Cash Flow Analyses In order to calculate the feasible capital improvements needs required by each school district over time as development occurs, it is important to evaluate the anticipated funding sources. In this subtask, we will prepare a cash flow analysis which indicates the sources of funding, independent of impact fees. This calculation will allow the County and each district to better understand the various revenue sources available, including impact fees and the additional amount which might be needed if the impact fees were not adopted or were discounted. It will also provide a good understanding of the cash flow needed to cover the capital facilities both for existing and new development. The initial cash flow analysis will indicate whether additional funds might be needed or whether the capital improvements schedule might need to be changed. This could also affect the total credits calculated in the previous task. Therefore it is likely that a number of iterations will be conducted in order to refine the cash flow analysis reflecting the capital improvement needs. We believe that this is an extremely important component of an impact fee analysis; and, that the absence of this analysis frequently distorts the impact fee analysis and fee schedules. Work Product: Cash Flow Analyses Reflecting Public School Capital Improvement Needs and Applicable Impact Fees Task 6: Complete Impact Fee Methodology and Calculation. The completion of the above tasks will enable the impact fee methodology to be appropriately and equitably determined and finalized. Per the RFP, the impact fee that results from this methodology will be the maximum legally defensible fee for new development in the two Orange County school districts that could be charged while meeting all of the statutory requirements for impact fees. (The Client will subsequently decide what percentage of the maximum justifiable fee it wants to charge.) Work Product: See Impact Fee Report Below Task 7. Preparation of Public School Impact Fee Reports. We will prepare a draft report for each district which summarizes the need for the impact fees for the appropriate district and which provides the relevant methodology for determining the fee amount. The report will include at a minimum the following information: • Executive Summary • A detailed description of the methodologies used during the study • A detailed description of all formulas used and accompanying rationale 7 Tischler & Associates, Inc.