Orange County NC Website
Browse       Search
I4 <br /> development. in fulfilling tijis objective the of Aldermen <br /> shall, among other steps and actions : <br /> Estimate the total cost oJ2 'improvements by catc-qocy <br /> (e .g. , streets , sidewalks, drainage ways, etc. ) <br /> that will b(-- needed t.o provide in a reasonable <br /> manner foc the public health , safety and welfare of <br /> persons residing within the town and its <br /> extraterritorial plannin�T area ducinq a reasonable <br /> planning period not to exceed 20 years. The Board <br /> may divide the town and its extraterritorial area <br /> into two or tuore districts --ind k=stimatt,-_, the costs <br /> of needed improvements within each district. These <br /> estimates shah b(, periodically reviewed and <br /> updated, and the planning Pe r i Ofl used may t E <br /> changed from time to time, <br /> ( 2) Establish a percentage of the total costs of each <br /> category of improvement that , in kcepinq with the <br /> objective set forth abovo, should fairly be borne <br /> by those paying the impact <br /> (3) Est aoiish a formula that fairly and objectively <br /> apportions the total costs that are to be. borne by <br /> those 1)a y.i n q i lu 1)ri(:1: L t`c:; '1111t I(I V,lVioll.,; typu."5 uL <br /> U Y way 1: t c a t io n without <br /> m i L a t.i oil: <br /> a. 11. the casE! of stceet 1 the -impact <br /> tee atay be related to the number ot trips per <br /> day generated by different types of uses <br /> according to recognized estimates ; <br /> b. It) the ca s,e of drainage improvements, the <br /> impact fee may be Eeiated to t he size of a <br /> d(�V e to p me 11 t , the -a oo uu L u.L .1 iopervious surf acr= <br /> the development 11as , or other factors that <br /> bear upon the degree to which a development <br /> c=ontribute; to the need for drainaqE <br /> i 4i p i:(.)v em&.-:n L s tu ad at puclic expense. <br /> "=Sec. 5. 133. Capital, Rt�serv� F.unds ; Expenditures. <br /> 7 <br /> (cL Impact fees L:ece2.v(-.!d by the town shaii be deposited in a <br /> capital improvements. 1:4E-!s e 1: v(., fund or funds established under <br /> Chapter 159 of the General Statutes, ki:tici-2 3, Part 2. , Such <br /> funds may be expended only on the type of capital improvements <br /> for which such impact fees were established, and then only in <br /> accordance with the provision of subsection (b) of this section. <br /> (b) In order to ensure -that impact .Lees paid by a particular <br /> development are expended on capital improvements that benefit <br /> that development, the town shall establish for each category of <br /> capital improvement for which it collects an impact fee at least <br /> two geographical distrIcts or zones, and impact fees generated by <br /> developments Within those districts or zones must be spent on <br /> improvements that are located within or that benefit property <br /> located within those districts or zones. <br /> "Sec. 5 . 134. , Credits for I2_prAvemeats. An ordinance adopted <br /> under this Article shall' make provision for credits against <br /> required fees when a developer installs improvements 'of a type <br /> that gen'erally would be paid for by the .town out of a -.-capital <br /> reserve account funded by impact fees. The ordinance- may spell <br /> 2 House Bill 690 <br />