Orange County NC Website
Browse       Search
006 <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 sha1I 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 <br /> and accepted by Orange County,a municipality located in Orange County, and/or the Orange County or <br /> Chapel Hill-Carrboro School Board from a 4&veleper s landowner may, at the election of lite <br /> landowner,be credited against the public school impact fee due if the conveyance or construction meets <br /> the same needs as the public school impact fee in providing new public school facilities. If the develepeF <br /> wishes landowner elects to receive credit against the amount of the public school impact fee due for <br /> such conveyance or construction,the develeper- landowner shall,prior to the agreement to convey land <br /> for or construct new public school facilities,or the conveyance of land for or construction of new school <br /> facilities, enter into a fee agreement with the County. The fee agreement shall provide for the <br /> establishment of credits and payment of the fee in a specified manner and time, and shall, upon its <br /> execution by the landowner and the County, be binding upon the heirs and assigns of the landowner. <br /> The value of land conveyed or facilities constructed by a developer landowner and accepted by <br /> the County, municipality or school board for purposes of this section shall be determined by an <br /> appraisal based on the fair market value of the land or facilities as established by the County. <br /> Construction shall be in accordance with applicable County, municipal, school board, ands State <br /> standards. Any land conveyed for credit under this section shall be conveyed no later than the time at <br /> which public school impact fees are required to be paid. The portion of the public school -impact fee <br /> represented by a credit for construction shall be deemed paid when the construction is completed and <br /> accepted for maintenance or when adequate security for the completion of the construction has been <br /> provided. <br /> ********************************************************************************* <br /> ORDINANCE REVIEW COMMITTEE: <br /> PLANNING BOARD REVIEW: <br /> BOARD OF COMMISSIONERS REVIEW: <br />