Agenda - 01-22-2015 - 6a - Laserfiche WebLink

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10 1 Steve Brantley said he has asked Dwight Basset and the other associates with the town 2 to find ways to work more closely to collaborate on recruitment for projects. He said that way 3 the County has a more immediate and confidential insight into the prospects of projects on the 4 horizon. 5 He reviewed the bar graph slides on per capita income, and retail sales tax. He noted 6 that Alamance County does not experience the same retail sales tax leakage as Orange 7 County. 8 Steve Brantley read through the information on the yellow handout titled "Synthetic Tax 9 Increment Financing Program (TIF) Program — City of Charlotte & Mecklenburg County." 10 Clarence Grier said they would like to bring back a financial analysis at a later work 11 session. He said tonight was for receiving information. 12 Steve Brantley said this opportunity would allow the County to partner with Chapel Hill in 13 a significant way. He said he has looked at Chapel Hill's plan, and the numbers are not 14 guaranteed; however, the town's more recent developments have shown that these projects do 15 very well. He said the use of form based code facilitates more demand coming in. 16 He said there is a quite a bit of residential there, whereas his preference would be to see 17 mostly commercial and retail. However, he said he has been reminded that it is the residential 18 piece that helps make the retail piece work. 19 Clarence Grier said he would like to bring back a financial analysis at a later work 20 session that details the County's perspective. He said tonight was just an opportunity for the 21 County to receive information. 22 Craig Benedict said he agreed with Clarence Grier. He outlined the following items that 23 will be brought back as part of the analysis: 24 - School Impacts (capital impact and operating expenses) 25 - Storm water facilities 26 - NCDOT and MPO projects that might reduce overall cost 27 28 Commissioner Gordon asked for more information on the new student generation rate 29 study and when this will be presented for approval. 30 Craig Benedict said this report was received about two weeks ago. He said some large 31 differences do show up when looking specifically at multi - family properties. He said staff 32 intends to look at the findings and present this at a work session in the New Year, as part of the 33 School Adequate Public Facilities Report. He said this will be used in the short term for the 34 Certificate of Adequate Public Schools (CAPS). He said in the long term this may be used to 35 modify the actual impact fees. 36 Commissioner Gordon said it would be helpful if County staff could work with the town to 37 try and agree on the parameters of an economic development analysis. She said there is no 38 information on the cost of County services. 39 Clarence Grier said this collaboration has been discussed with the representatives from 40 the town. 41 Commissioner Price asked if Orange Water and Sewer Authority ( OWASA) had signed 42 off on this project. 43 Dwight Basset said there have been meetings with OWASA and they have expressed