Orange County NC Website
Browse       Search
January 21, 2015 Attachment C 14 <br />Again, scenarios are, in most part, hypothetical with Scenario A based on <br />existing impact fees and student generation. Scenario C may be the most <br />realistic based on new trends in the higher SGR found in multi - family and closely <br />comports to the number of students estimated by Chapel Hill for the Ephesus - <br />Fordham project (284 by Chapel Hill staff and 299 by Orange County Planning <br />staff, Scenario C). <br />These scenarios only represent SGR and impact fee estimates and do not reflect <br />residential tax value from county or Chapel Hill /Carrboro district tax which is a <br />calculation that needs to be evaluated by Finance and the Tax Assessor as it <br />relates to possible housing value and use of tax revenues for specific purposes. <br />Although these scenarios are hypothetical, a generalization could be made that <br />impact fees may cover only about 43% of the capital needs generated by multi- <br />family housing type. Depending on which scenario the multi -year through impact <br />fee deficit would range approximately $2.5 million (Scenario A), $4.7 million <br />(Scenario B) to $7.3 million (Scenario C). (See shaded area comparisons on <br />following pages) <br />