Agenda - 02-19-2013 - 7b - Laserfiche WebLink

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29 Contiguity. The area under consideration is adjacent or contiguous to Town of Chapel Hill corporate limits. At Feast one - eighth of the boundary coincides with the municipal boundary. Approximately half of the boundary of the area is coincident with the municipal boundary. ►� No part of the area in another municipality. No portion of Area 5 is part of any other municipality. v/ At least 60% of the total lots and tracts in the area are used for residential, commercial, industrial, institutional, or government purposes. Approximately 70% of the total lots and tracts in Area 5 are used for the above purposes. Annexation by petition of property owners and town - initiated annexation represent the two applicable options for annexation of Area 5. However, these options have real limitations in terms of practical application. Because the petition process requires 100% of the affected properties to be party to the request, it is practically impossible to achieve that outcome and in this case there are residents who have already stated opposition to this option. Town - initiated annexation, while not as difficult to achieve as the petition option, still poses challenges for municipalities to pursue. only property owners in the area under consideration are permitted to vote on the referendum and a ma j ority of votes must be secured to proceed with the annexation process. Additionally, the process of town - initiated annexation is estimated to tale at least five years (See Attachment 5) . DISCUSSION Financial .Analysis A summary of the estimated cost and revenues associated with the annexation of Area 5 are provided below. Table 1. Total Cost & Revenue Estimate Years One to Three Area 5 Annexation Area Year One Costs The costs for Year one are summarized in Table 2. i The costs are calculated for the first three years following annexation, assuming an effective date of annexation of July 1, 2013. The Town is required by G.S. 160A -49.3 to offer existing private sector entities contract opportunities which allow for the continued solid waste services of annexed areas by existing companies. The Town maintains the responsibility of assuring a level of service comparable to the service level within the existing incorporated area. The involvement of the existing private companies may require the Town to supplement service ,where contract service is not comparable to the municipal service. This analysis assumes the extension of Town solid waste services by existing personnel and equipment with payment to private companies for economic loss. Year I Year 2 Year 3 Total Cost $4345400 $2571500 $2575500 Total Revenue $11039,100 $1,0393900 $11040,500 Net Revenue $604,700 $7825400 $783,100 Year One Costs The costs for Year one are summarized in Table 2. i The costs are calculated for the first three years following annexation, assuming an effective date of annexation of July 1, 2013. The Town is required by G.S. 160A -49.3 to offer existing private sector entities contract opportunities which allow for the continued solid waste services of annexed areas by existing companies. The Town maintains the responsibility of assuring a level of service comparable to the service level within the existing incorporated area. The involvement of the existing private companies may require the Town to supplement service ,where contract service is not comparable to the municipal service. This analysis assumes the extension of Town solid waste services by existing personnel and equipment with payment to private companies for economic loss.