Agenda - 06-05-1995 - VIII-G - Laserfiche WebLink

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13 FISCAL DVACT ANALYSIS FOR CHASE HOLLOW SUBDIVISION -RESIDENTIAL SERVICE STANDARD APPROACH Prepared by The Orange County Planning Department May, 1995 PROJECT DESCRIPTION Chase Hollow Subdivision is a proposed 14-lot major subdivision located in Eno Township on the east side of New Sharon Church Road.The total area of the subdivision is approximately 30 acres,and the current zoning is AR-Agricultural Residential and Lower Eno Protected Watershed.The average lot size is approximately 2.1 acres.All lots will be served by individual wells and septic tanks, and private roads. For Chase Hollow,project build-out is estimated at four years.Housing units will be constructed, beginning in 1998, with completion of the project scheduled for 1999. Units will consist of detached single-family homes,and the applicant estimates the average sales price to be$135,000,including the lot. METHODOLOGY Fiscal impact analysis is a projection of the direct,current, public costs and revenues associated with residential and non residential growth in the jurisdiction in which the growth is taking place. Fiscal impact analysis considers only direct impact in that it projects only the primary coats that will be incurred and the immediate revenues that will be generated. It calculates the financial effect of a planned development or new subdivision by considering the current costa and revenues such a development would generate if it were completed and occupied today.Fiscal impact analysis does not consider the private coats of public action. It is concerned only with public (governmental) costa and revenues. The method used in preparing the fiscal impact analysis is the Service Standard Approach. While only gibes ezpeaditures by service category are derived from the Per Capita Method,the Service Standard method determines time total number of additional employees by service function that will be required as a result of growth. This method employe average county government costa per person, average school costa per pupil, an emplo'y'ee to pop mom,and average operating expenses per employee for each service category and school district. The number of new employees are projected and multiplied times the average operating expenses Cmcludes personnel,operating and capital costa)per employee. These average costs are then weighed against per capita and per pupil revenues to project the total net fiscal impact of the development.