Agenda - 01-12-1995 - 1a - Laserfiche WebLink

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Revenues collected in the Orange County School District during FY 1993-94 represented 27 percent of the revenues estimated in the Impact Fee Technical Report ($410,250). For the Chapel Hill- Carrboro School District, revenues during FY 1993-94 represented 28 percent of the Technical Report estimates ($784,500). A major reason for the shortfall in revenues in the Orange County School District was the rush to obtain building permits before impact fees became effective on July 1, 1993. As shown on the accompanying chart, new residential permits peaked in June at a level two to three times higher than normal. For the six month period following the effective date, the number of residential permits Residential Permits Issued was approximately half the number typically Orange County Jurisdiction' issued. (January, 1992 — October, 1994) Soon after the beginning of 1994, the 140 Number of Permits number of residential permits issued returned to 120 100 levels occurring prior to the establishment of e0 impact fees. This trend is also reflected in the 60 revenue received from such fees in the School 40 District.During the period of July-October, 1994, 20 $93,750 in impact fees was collected or an average OJFMAMJJASONDJFMAMJJASONDJF MAMJJASO of $23,437 per month. If this trend continues Mouth through FY 1994-95,revenues from impact fees in — 1992 — 1993 --- 1994 the Orange County School District will total $281,250 or 66 percent of the revenues projected *Includes Town of Hillsborough Permits for FY 1994-95 in the Technical Report. ISSUE: A review of building permits issued indicates that replacement mobile homes (for which an impact fee is not collected) may have been mixed in with new mobile homes. "Permit Listing" reports beginning with FY 1993-94 must be reviewed to separate out replacement mobile homes so that an accurate assessment of building permit projections and impact fee collections can be undertaken. ISSUE: While the computerized permit system has been revised to allow entry of the school district in which construction occurs, a reporting system has not been developed to compile such data. Data Processing is working to establish a system whereby the Planning Department can create its own reports. In the interim, this information must be compiled by reviewing monthly "Permit Listing"reports.The information is also needed for an accurate assessment of building permit projections and impact fee collections by school district. ISSUE: The"Technical Report"provided projections of impact fee revenues based on past building trends.The Budget Department has included revenues in the CIP based on half the Technical Report projections.Should projections and budget figures be included in the discussion of the "shortfall" above? Fee Collection Responsibility. All public school impact fees must be paid to Orange County prior to a certificate of occupancy being issued for a dwelling unit.The fees are collected by Orange County or by interlocal agreement between Orange County and a municipality located therein. At the time of collection by Orange County,all public school impact fees are properly identified by the appropriate benefit area and transferred for deposit in the appropriate trust account. Annual Report 3