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9 <br /> FISCAL IMPACT ANALYSIS FOR NORTH HILL <br /> RESIDENTIAL SERVICE STANDARD APPROACH <br /> Prepared by <br /> The Orange County Planning Department <br /> May, 1996 <br /> PROJECT DESCRIPTION <br /> North Hill is a proposed 19-lot subdivision located in Chapel Hill Township. The lots are <br /> accessed by two new private subdivision roads which provide access to Whitfield Road.. The <br /> current zoning is RB - Rural Buffer The average lot size is approximately 3.5 acres. All lots will <br /> be served by individual wells and septic systems. Four lots contain easements for sewage disposal. <br /> Project build-out is estimated at two years. Housing units will be constructed, beginning in <br /> 1996, with completion of the project scheduled in 1998. Units will consist of detached <br /> single-family homes, and the applicant estimates the average sales price to be $500,000, including <br /> the lot. <br /> METHODOLOGY <br /> Fiscal impact analysis is a projection of the direct, current, public costs and revenues <br /> associated with residential and non residential growth in the jurisdiction in which the growth is <br /> taking place. Fiscal impact analysis considers only direct impact in that it projects only the primary <br /> costs that will be incurred and the immediate revenues that will be generated. It calculates the <br /> financial effect of a planned development or new subdivision by considering the current costs and <br /> revenues such a development would generate if it were completed and occupied today. Fiscal <br /> impact analysis does not consider the private costs of public action.It is concerned only with public <br /> (governmental)costs and 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 <br /> Service Standard method determines the total number of additional employees by service function <br /> that will be required as a result of growth. This method employs average county government costs <br /> per person, average school costs per pupil, an employee to population ratio, and average operating <br /> expenses per employee for each service category and school district. The number of new <br /> employees are projected and multiplied times the average operating expenses (includes personnel, <br /> operating and capital costs)per employee. These average costs are then weighed against per capita <br /> and per pupil revenues to project the total net fiscal impact of the development. <br />