Agenda - 02-26-1996 - 5a - Laserfiche WebLink

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09828 • Payments received from a particular park service area must be used to pay for acquisition and/or development costs associated with that park. The significance of this point is also emphasized by the enabling legislation, and, in turn, the County ordinance provisions, which require that the beneficiaries of the payments-in-lieu be the residents of the "immediate neighborhood" (e.g., service area) from which the funds were collected. Thus, a payment-in-lieu collected from a subdivision being developed in the Caldwell Community Park service area would be used to buy land and/or construct recreation facilities for the Caldwell Community Park and no other. • The amount of payments received from a particular park service area is dependent upon the size of and rate of growth within that service area. The importance of this point is best illustrated by the listing of current and projected revenues received from park service areas as shown on Table 11. Payments received from the White Cross, Northern Human Services Center, and University Station community park service areas are generally twice (or more) those of the remaining areas. Likewise, payments received from district park service areas are considerably more than those of community parks. While differences between community park service areas may reflect differences in growth rates, the differences between community and district parks primarily reflect differences in service area size. • Payments-in-lieu are obtained over an extended period of time and only from subdivisions developed in Orange County's,jurisdiction. The "county-wide" payment-in-lieu calculated previously was based on the projected population for the entire county in the year 2016. Between 1995 and 2016, the overall population is expected to grow by 50,893 persons. However, approximately 57% of this growth is expected within municipal boundaries. This means that approximately 21,884 persons would be expected to reside in new homes in the County's jurisdiction. If that figure is divided by the number of persons per household in rural areas (2.58), a total of 8,482 housing units would be added between 1995 and 2016. The significance of this calculation is that if"county-wide" payments-in-lieu were collected on the basis of building permits issued, approximately $2.3 million (8,482 x $271) in payments- in-lieu would be collected from these households over the 20-year period, an amount equivalent to approximately 13% of the total parks program cost. However, such payments are collected prior to recording of the subdivision plat, and estimates of long-term revenues must be based on the projected number of lots to be created in the 20-year period as shown on Table 11. If a similar number of lots were recorded on an annual basis as were recorded in the 1986 to 1995 period, the number of lots created in the 20-year period would total 3,820 and payment-in-lieu revenues from these tots would amount to $1,029,800. This figure represents only 6% of the total parks program cost and points to the fact that other revenue sources such as sales taxes, grant funds, and even bond funds be used to make up the difference of$17.0 million.