Agenda - 01-15-2008-4u - Laserfiche WebLink

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,_ whether the f8cliities are likely to be bonded, and if so, the amortization schedule.. Also, this task will reviewand update other sources of funding frcN school capital. needs: deg:, State fur-ding). C. Evaluate and Finalise D;tlererr~;~ltlocailan A~fe~lradarocrt~ - TlsdhterBise wig. flnatize'differerat po$sibls alio~caHan m$thodologi~s to determine which-is the mash apprc~xiate liar each c~omponent'of the fee. As partof caic~la6ng the impact-fees, the County may include the aanstruction contract price; the cost of acquiring land, improvements, materials anal fixtures; the cost for planning; surveying, and engineering;fees for senrii,~s provided #or and dlrectfy"related to the construction system. improvement; :and debt service charges, if impact fees ere used to pay the debt service to finance the<cost ~of the system improvements. Also included will be upport buildings, vehides; -.and equipment: Work Product lblemorandum as appropriate; r~aSUlts Fncluded in tmpacf Fee Reporf (see belpw) {1 tNio~ Task 4. Galaulate"Credits" to lee Applied Against Capital Casts. A consdera4on of "credits" is an integral part. to the development of a l8gally valid impact fee calculation methodology., There is considerable confusion among tlloSe who are note immersed iri' impact fee law about the definition of a credit,and why it may be legally or equitably required: There are, in fact; two {2j types of "credits," each with specific,. distinck characteristics, but both 4f which will be ineluded for at Isast.consid~ered} in' the development of ail impact Fees. 'fha t'irst is a credit due to possible double payment situations. This could occur when future contributions are made by the property-owner toward the capital oasts of the public.facility already covered by the impact flee: This type of: credit will be considered and incorporated iryto ttie fee amount, if necessary. The second is a credit toward the payment of an impact fee due for the required dedication of public sites andlor public improvements provided by the developer and for which the impact Fee.is imposed: This type of credit will be addressed in the ordinance that adopts the' fee and is .addressed. during irnpiementation. This task wili'calcutate credits, as appropriate, to account for potential double. payment by new development. Work Pnaducf: iillemorandum as appropriate; resul#s included in Impact Fee Repots jsee'below) ~'10Ra} _ Task, S. Conduct Funding Source and Cash Flaw Anailyses. in order to calculate thie feasible capital improvements needs required by each school " district over #ime as developmentoccurs, it is: importantto evaluate the anticipated fundir-g sources. Cash flow projections will tae based an projections of new housing bytype and die#rict provided by Orange County Public Schools and c~anfirrned as part of Section A, E Tasks 1 and 2. in thi$ subtask., we will pnepars a cash flow analysis, which indicates the y sconces offuniding, independent,Qf impact fees: Phis calculation will allow the County ar~d each district to better understand the Various revenue sources availai3le, including impact a. 6 ?. r f~?;~.}/~;v.:2.L:',.?b~~dz_.~.r.:9~5)~~.t~::_.:..:~t_`,2~,..,. .~,._k... ~.... .t..-_: t:..zi:.:~ro`..Y.; .~~..,t•a>....~:frs~t ~~ .~u .:~_ s...i ..,..v.{ :... ~ i:. f ~..:.}: _-.~ ?4.. r.nPc ..a2