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10 <br /> FISCAL IMPACT ANALYSIS FOR GRAND OAK ESTATES SUBDIVISION, PHASE IV <br /> RESIDENTIAL SERVICE STANDARD APPROACH <br /> Prepared by <br /> The Orange County Planning Department <br /> July, 1996 <br /> PROJECT DESCRIPTION <br /> Grand Oak Estates Phase IV is a proposed 15-lot subdivision located in Eno Township. The <br /> lots are accessed by the extension of Acorn Ridge Trail(public)which serves existing lots approved in <br /> the previous phases of Grand Oak Estates. The current zoning is AR- Agricultural Residential. The <br /> average lot size is approximately 1.7 acres. Lots will be served by individual wells and septic systems. <br /> Project build-out is estimated at three years. Housing units will be constructed, beginning in <br /> 1997, with completion of the project scheduled for 2000. Units will consist of detached single-family <br /> homes,and the applicant estimates the average sales price to be$250,000 including the lot <br /> METHODOLOGY <br /> Fiscal impact analysis is a projection of the direct, current,public costs and revenues associated <br /> with residential and non residential growth in the jurisdiction in which the growth is taking place. <br /> Fiscal impact analysis considers only direct impact in that it projects only the primary costs that will be <br /> incurred and the immediate revenues that will be generated. It calculates the financial effect of a <br /> planned development or new subdivision by considering the current costs and revenues such a <br /> development would generate if it were completed and occupied today. Fiscal impact analysis does not <br /> consider the private costs of public action. It is concerned only with public (governmental) costs and <br /> revenues. <br /> The method used in preparing the fiscal impact analysis is the Service Standard Approach. <br /> While only gross expenditures by service category are derived from the Per Capita Method,the Service <br /> Standard method determines the total number of additional employees by service function that will be <br /> required as a result of growth. This method employs average county government costs per person, <br /> average school costs per pupil, an employee to population ratio, and average operating expenses per <br /> employee for each service category and school district. The number of new employees are projected <br /> and multiplied times the average operating expenses (includes personnel, operating and capital costs) <br /> per employee. These average costs are then weighed against per capita and per pupil revenues to <br /> project the total net fiscal impact of the development. <br />