Orange County NC Website
Browse       Search
:, ..., ~:.i.; <br />. <br />fees and fie additional amount,. which might be needed if the impact fees were not adopted <br />or were`discounted:. 1t wlil alsa- provide a good understanding of the cash flow needed to. <br />cover the capitaifaalities, both for existing and new development; <br />The init;al cashflow analysis wiiCindicate whether additional funds might be needed or: <br />whether the cap~tai:impmvements scheoule might need to bg chang~t:: This;could also <br />affect the, total credits calcuiated in the previous task.. Ti7erefore it is Gkely that a numtaer ot` . <br />iterations wilt be;+conducted in order to retlne the cash flow ana3ysis reflecting the capitat <br />impnwement needs. <br />.Work Praducf: Memoraridurn as approprisfe; results rncfuded in i'rripect Fee. Report <br />{see below) (5~) <br />Task ~-: Complete impact pea Methodology and Calculat+on: <br />Tice completion of the above tasks will enatsie the impact fee methodology tb bs <br />appropriately and equitably determined an~f:finabzed. The impact fee.;that results f[orn this <br />inethodalogy will be the maximum legally defensible fee fqr new development in the: two <br />Orange County school districts that could be charged while meeting all the statutory <br />requirements for impact fees: {The Caunty'wilt subsequently decide what percentage of the <br />.maximum justifiable fee it wants to charge.} <br />Vt/ark Product: ~e impact Fee; Repcxf Below (~Q°lo} <br />Task 7. Preparation<of Public: School Impact iFee Reports:. <br />We will prepare a draft. rrt far each district which summarizes, the. basis and need far the <br />impacE fees for bath school districts .and which. provides .the. relevant methodologies <br />:employed and: documents a1i assumptions and cost-factors. The repot# will include at a <br />minimum the following information: <br />- Executive Summary <br />A detailed descripifan of the methodologies used during the study <br />- A detailed description. of ail level of service :standards. and cost .factors used and' <br />accompanying rationale <br />A detailed schedule of all, proposed fees.listed by land use type and activity ,meeting <br />the requirernenta of impact fees. <br />$urnmary:af capital improvement needs generated; by the projected development: <br />- +Other information which adequately explains and justifies titre resulting <br />reco~rrtimended fee schedule <br />t=ollowing the Cpunty's review of the .draft report, we will make: mutually agreed: upon <br />changes and issue the final impactfee repoR. <br />TischierBise.'s; fee, report will have flow diagrams .,clearly. indicating. methodologies and <br />approach,> a series of tabies for each activity shrnving all of the data assumpitons and <br />figures; and a narrative explaining alt of the. data assumptions, sources and the <br />- rnetfiodologies: 'The report will be a stand-atone document deafly understood by interested <br />par4es. Because of the firm's extensive experience in calculating impact fees and <br />