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Town of Chapel Hill Fax:919-967-8406 Mar 21 '95 9:26 P.01101 <br /> tL <br /> c CA <br /> TOWN OF CHAAL HILL <br /> e {�e GpraC_ 306 NORTH COLUMBIA STREET <br /> CHAPEL HILL,NDRTH CAROLINA 27516 <br /> ex-) - (919)968-2714 <br /> February 22, 1995 FAX 91%%7-8406 <br /> Mr. Moses Carey, Jr. , Chair <br /> Orange County Hoard of Commissioners <br /> PO Box 8181 <br /> Hillaborough, NC 27278 <br /> Dear Moses: <br /> Re: .5chool, impact fees ; <br /> I'm writing on behalf of the Town Council to encourage the Hoard of <br /> Commissioners to increase the present school impact fees. . <br /> The Council believes this fee 'is an equitable means of funding new <br /> school facilities which 'are needed as a result of new development. <br /> The Council understand* that the ,fee was initially, set below the <br /> amount which mould be necessary to. recover the school facility <br /> I allocable to:a now home. <br /> On behalf of the Council, Z" urg6 the Board Of Commissa.nnerS to <br /> increase the school impact fee so :that residents in new homes will <br /> pay more of their fair share of school costs. To the extent that <br /> owners of now residential development pay more of their share, the <br /> -Leas they will ' have to" be" subsidized from taxes on existing <br /> -.development-,- b*th residential and non-residential. <br /> At the same time, the Council also supports action by the Board of <br /> Commissioners which will reduce or. waive .school impact fees. for new <br /> housing specifically built for low-income families: I be13,eve that <br /> school facility costs associated with housing for low-income " <br /> housing can be appr•optiately funded through.the overall .tax base. <br /> Thank you for your consideration of these comments. <br /> Sincerely, <br /> Kenneth S. Broun <br /> Mayor <br /> Cc: Town Council <br /> Pant-its'brand tax transmittal memo #-+wws•. 1 <br /> Co- Cw. <br /> r" )ts <br /> Banc� ► <br />