NNS - BOCC - Memorandum to UNC-CH Planning Panel from Rosemary Waldorf dated 3-16-95 - 4-3-95 - XI

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UNC-CHAPEL HILL PLANNING PANEL Fiscal Policy Goals and Principles, Cont'd. Payments-in-Lieu of Taxes All UNC (state)properties are specifically exempt from ad valorem taxes. We believe a third- party developer on state property should not necessarily benefit from such exemption. UNC could enter into agreement with a third-party owner and require that owner to make payments- in-lieu of taxes to the County and the Town. This could be addressed as a condition of the lease agreement. The building could be assessed for tax value like other buildings of its type and size in the jurisdiction, and payment-in-lieu could be calculated on this basis. The UNC-owned land on which such a building would sit would be tax-exempt. Again, we believe UNC could agree, as a lease condition,that payment-in-lieu could be based on a valuation figure that includes land value. The Panel believes that we should encourage some third-party development as a means of pursuing fiscal equity. We do not yet know to what extent UNC is interested in this approach. We have a recommendation before Council tonight addressing this. We believe our recommendation is timely, and a prudent policy to get on record. Potential Areas of Cooperation between UNC and Chanel Hill Below is a list of ideas for facilities and functions that might be cooperatively used by the two institutions and other local governments. It is drawn from public comment made at various meetings, suggestions by Town staff and other local officials, and Panel discussion. It is merely an idea list, but perhaps will stimulate us all in our search to make linkages between land use maps and daily activities. Recreational Facilities • Golf course • Open space • General recreational facilities • Playing fields • Skateboard park • Community recreation center