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Agenda - 12-04-1995 - VIII-E
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Agenda - 12-04-1995 - VIII-E
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BOCC
Date
12/4/1995
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
VIII-E
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Minutes - 19951204
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\Board of County Commissioners\Minutes - Approved\1990's\1995
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17 <br /> FISCAL IMPACT ANALYSIS FOR UNIVERSITY MANOR SUBDIVISION, PHASE I <br /> RESIDENTIAL SERVICE STANDARD APPROACH <br /> Prepared by <br /> The Orange County Planning Department <br /> October, 1995 <br /> PROJECT DESCRIPTION <br /> University Manor Subdivision,Phase I,is a proposed 47-lot subdivision located in Eno and Chapel <br /> Hill Townships on the east side of New Hope Church Road and the south side of NC 10. The current <br /> zoning is AR - Agricultural Residential. Approximately 21 acres of open space in the vicinity of Stoney <br /> Creek are proposed to be owned and maintained by a homeowners association. the average lot size is <br /> approximately 1.4 acres. All lots will be served by individual wells and septic tanks, and public roads. <br /> For Phase I of University Manor, project build-out is estimated at two years. Housing units will <br /> be constructed, beginning in 1996,with completion of the project scheduled for 1997.Units will consist of <br /> detached single-family homes,and the applicant estimates the average sales price to be$250,000 per year, <br /> including the lot. <br /> METHODOLOGY <br /> Fiscal impact analysis is a projection of the direct, current, public costs and revenues associated <br /> with residential and non residential growth in the jurisdiction in which the growth is taking place. Fiscal <br /> impact analysis considers only direct impact in that it projects only the primary costs that will be incurred <br /> and the immediate revenues that will be generated It calculates the fmancial effect of a planned <br /> development or new subdivision by considering the current costs and revenues such a development would <br /> generate if it were completed and occupied today.Fiscal impact analysis does not consider the private costs <br /> of public action. It is concerned only with public (governmental) costs and revenues. <br /> The method used in preparing the fiscal impact analysis is the Service Standard Approach. While <br /> only gross expenditures by service category are derived from the Per Capita Method,the Service Standard <br /> method determines the total number of additional employees by service function that will be required as <br /> a result of growth. This method employs average county government costs per person, average school <br /> costs per pupil, an employee to population ratio, and average operating expenses per employee for each <br /> service category and school district. The number of new employees are projected and multiplied times the <br /> average operating expenses(includes personnel,operating and capital costs)per employee. These average <br /> costs are then weighed against per capita and per pupil revenues to project the total net fiscal impact of <br /> the development. <br />
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