Orange County NC Website
Browse       Search
7 <br /> 3. Funds may be used for providing reimbursements as permitted in Section 5.E. <br /> 4. No funds shall be used for public school operating expenses, periodic or routine <br /> maintenance,or the administration of this public school impact fee program. <br /> 5. Following their collection, funds shall be expended within ten (10) years, the time frame <br /> coinciding with the public school facilities capital improvements program (CIP) school <br /> impact fee period. <br /> The disbursal of public school impact fee funds shall require the approval of the Board of County <br /> Commissioners upon recommendation of the County Manager. <br /> Section 6-Credits <br /> Any conveyance of land for a public school site or construction of new school facilities received and <br /> accepted by Orange County, a municipality located in Orange County, and/or the Orange County or Chapel <br /> Hill-Canboro School Board from a dvveleg landowner may, at the election of the landowner, be <br /> credited against the public school impact fee due if the conveyance or construction meets the same needs as <br /> the public school impact fee in providing new public school facilities. If the de-+eleper-des landowner <br /> elects to receive credit against the amount of the public school impact fee due for such conveyance or <br /> construction, the develeper- landowner shall, prior to the agreement to convey land for or construct new <br /> public school facilities, or the conveyance of land for or construction of new school facilities, enter into a <br /> fee agreement with the County. The fee agreement shall provide for the establishment of credits and <br /> payment of the fee in a specified manner and time,and shall, upon its execution by the landowner and the <br /> County, be binding upon the heirs and assigns of the landowner. <br /> The value of land conveyed or facilities constructed by a deMepeF landowner and accepted by the <br /> County, municipality or school board for purposes of this section shall be determined by an appraisal based <br /> on the fair market value of the land or facilities as established by the County. Construction shall be in <br /> accordance with applicable County,municipal, school board,andAw State standards. Any land conveyed for <br /> credit under this section shall be conveyed no later than the time at which public school impact fees are <br /> required to be paid. The portion of the public school impact fee represented by a credit for construction <br /> shall be deemed paid when the construction is completed and accepted for maintenance or when adequate <br /> security for the completion of the construction has been provided. <br /> ORDINANCE REVIEW COMMITTEE: <br /> PLANNING BOARD REVIEW: <br /> BOARD OF COMMISSIONERS REVIEW: <br />