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UNC-CHAPEL HILL PLANNING PANEL <br /> Fiscal Policy Goals and Principles <br /> Fiscal policy issues are not part of the scope of work of the University's land use <br /> planning consultants. However, addressing fiscal equity issues is clearly part of the <br /> Council's charge to the Planning Panel, and will be a critical concern for the local <br /> governments if and when development of these properties proceeds. <br /> Our early analysis suggests that many services issues cannot be resolved in advance, but <br /> will have to be negotiated at various future moments when costs and needs can be <br /> quantified. It will be very helpful to future leaders of both institutions to have a policy <br /> framework within which to operate. <br /> Proposed principles for developing policies and agreements: <br /> • Focus on fundamental principles to guide the relationship between the two <br /> institutions. <br /> • Rules for compensation to the Town for services should be as fair as possible, and <br /> mutually agreed upon by UNC and Chapel Hill. <br /> • All new UNC development at Horace Williams and Mason Farm should be revenue <br /> neutral. The Town should strive to recover capital and operating costs for municipal <br /> services needed specifically because of new development. <br /> In order to measure and assess whether or not development is revenue neutral, fiscal <br /> impact statements should be prepared as a part of each new development proposal. <br /> These statements should estimate the cost of municipal services that would be <br /> needed to support the development, and project any revenues that would accrue to <br /> the Town as a result of the development. The new zoning district that is created for <br /> these properties should include a requirement that any application for development in <br /> the zone be accompanied by a fiscal impact statement. <br /> • Any third-party development on UNC properties should be revenue neutral. <br /> Payment-in-lieu of taxes is recommended as a fair way of recovering municipal <br /> service costs incurred by third-party development of housing,research and <br /> development facilities or commercial service facilities. <br /> • Endorse the existing OWASA policies that require UNC to pay water and sewer <br /> availability fees for all new development on Horace Williams and Mason Farm tracts. <br />