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Agenda - 08-04-1997 - 8j
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Agenda - 08-04-1997 - 8j
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8/5/2013 9:55:22 AM
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BOCC
Date
8/4/1997
Meeting Type
Regular Meeting
Document Type
Agenda
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8j
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Minutes - 19970804
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1997
RES-1997-037a Resolution of Approval Oxbow Crossing on Morgan Creek
(Linked From)
Path:
\Board of County Commissioners\Resolutions\1990-1999\1997
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13 <br /> FISCAL IMPACT ANALYSIS FOR OXBOW CROSSING SUBDIVISION <br /> RESIDENTIAL SERVICE STANDARD APPROACH <br /> Prepared by <br /> The Orange County Planning Department <br /> June, 1997 <br /> PROJECT DESCRIPTION <br /> Oxbow Crossing is a proposed 27-lot subdivision located on Morgan Creek in Chapel <br /> Hill Township. The lots are accessed by 3,500 feet of new public roads (Oxbow Crossing <br /> Road, and Oconee and Galax Courts). Oxbow Crossing Road will intersect with the east <br /> side of Bethel Hickory Grove Church Road (SR 1104). The current zoning is RB - Rural <br /> Buffer(UNIV-PW). The average lot size is 3.36 acres, with individual lots ranging from 2.0 to <br /> 5.1 acres Lots will be served by individual septic systems and wells. <br /> Project build-out is estimated at three years. Housing units will be constructed at a <br /> rate of nine per year beginning in 1998, with completion of the project scheduled for 2001. <br /> Units will consist of detached single-family homes, and the applicant estimates the average <br /> sales price to be $300,000 including the lot. <br /> METHODOLOGY <br /> Fiscal impact analysis is a projection of the direct, current, public costs and revenues <br /> associated with residential and non residential growth in the jurisdiction in which the growth is <br /> taking place. Fiscal impact analysis considers only direct impact in that it projects only the <br /> primary costs that will be incurred and the immediate revenues that will be generated. It <br /> calculates the financial effect of a planned development or new subdivision by considering <br /> the current costs and revenues such a development would generate if it were completed and <br /> occupied today. Fiscal impact analysis does not consider the private costs of public action. It <br /> is concerned only with public (governmental) costs and revenues. <br /> The method used in preparing the fiscal impact analysis is the Service Standard <br /> Approach. While only gross expenditures by service category are derived from the Per <br /> Capita Method, the Service Standard method determines the total number of additional <br /> employees by service function that will be required as a result of growth. This method <br /> employs average county government costs per person, average school costs per pupil, an <br /> employee to population ratio, and average operating expenses per employee for each <br /> service category and school district. The number of new employees are projected and <br /> multiplied times the average operating expenses (includes personnel, operating and capital <br /> costs) per employee. These average costs are then weighed against per capita and per <br /> pupil revenues to project the total net fiscal impact of the development. <br />
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