Orange County NC Website
Task a: Conduct Fut:din ; Source and Cash Fio~ ~inalyses. <br />t~ older to calculate the feast ale eapit?i iarpac: =r~nts ~e~ls ~ti~d by each school aist~iet <br />o ti ~~ '~~e as aeveiopmeut occ-:rs, it s ~poa~t to evaluate the ~ticipaied fu~?ding =o..,.=c~. ' z~ <br />pus sLbaas?;, u-e ri-ill preparE a c~c1, ~o„- ~~y~s v~-hich indicates the souk of funilina <br />indepe~d~:t of impact fees. ' _'his calculation v+-iii allover the County and each district to beu:-r <br />uud.;rstand the various revers .te sources available,' including impact .fees and the additional <br />amouat which might be neede ~ if the impact fees were not adopted or were. discounted. It will <br />also pro~~ide a good understan~ ling of tbt~ cash :flog needed #o cover the:capital facilities both for <br />cxis~~g and new de~~eIopment <br />the ~tial cash t~o~} azaal3=sis vill iadiczte wliethe; additional funds might be n°ed°d or;v~hether <br />tl~e capital il-ntaro~~e*~+~?ts schl.dul~ might r:~ tQ be'changed. This could also aiiect the tort: <br />c-edr~ ca?L~lat~ in fhe previ~~~:s task. Th.,,e~'o ~ ?~ ~ lik..e1= the a r_umber ofis.iors u~l=tie` <br />coud~~e~ in order to reime ih ; ca~i, r'1o~,~ anai~-ss _e;?ecting i~° ~=_tal in2proventctzt rtes. ~~_"~ - <br />beliec-e mat this is an extrem.ly ~ _~ortart co~po-~e-~t o= an impact fee ac~'.;~ais; ancl, than ~.e <br />able:~c: of this analysis freque ~tl~r distorts the intn~ct see analysis and fee sched~lc~. <br />Work.Fi-oduct Cash FIoV• ~Inalyses Reflecting Fublic School Capital Improvement 1tie~ds <br />aizd Applic zble Impact Fees <br />Ta<l: 5: Complete Iinp pct Fee ?~Iethodflla~ and Calculation. <br />ire co-nale-~on of -fie move t sks ~;~11 ~aole die inm~t fee ine~odology to be ~propratel}T aL~d <br />equi~b15- deterni~ed aid ftn21 zed per the Ri~t-,'dte impact fee that results from tbs g?e~odoIo~ T <br />ti~ sIl be the r:taximum legally d ~ferL~~ble fee for iiev~• d~=eloprnent in the rivo Ora~~e Cotz~ty school <br />distract; that could be charged. ~-hile meeting all ofthe statutory requirements for ~pac fees. {The <br />Client ~;rill subsequently deeidt what percentage of the maximum justifiable fee it wants to charge.) <br />YYor~:.~'roduci: See Iizzpaa Fee Report Betozsl <br />Tas)~ % Preparation o "Public school Itupact; Fee Reports. <br />~t'e kill prepare a'drafi report fnr each distric~ v+~hich summarizes the need for the ir_tpace feesfor <br />the appropriate district and ti rhich pro~-ides the relevant methodology .for determining the f8e <br />a~-riount..The report «rill inclu 3e at a minimum the following information:. <br />Executive Summary <br />o ~ deaailed description of t ie rnetiiodalogie~ T-P du.~:ne me study <br />_~ d~:ailed ciescrintian of: ll xoimul2s used anal acroinpany-in~ rationale <br />IESCi1Icf $c AsSOGIataS, lnC. <br />