Agenda - 03-03-2015 - 6a - Laserfiche WebLink

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9 1 Commissioner Pelissier said she agrees that the 48.1 percent target needs to be 2 discussed, but that discussion does not need to be just tied to this project. She said she is 3 struggling with allocating the whole 48.1 percent, because when it is actually distributed, the 4 attribution should be to the Chapel Hill Carrboro City Schools (CHCCS). She does not think the 5 entire attribution can be made to one school system, because it is not all expended in one 6 school district. 7 Bonnie Hammersley said staff is not saying that the entire 48.1 percent is going to 8 CHCCS. She said the current policy says that whenever the revenue goes up in the budget, 9 48.1 percent goes to all education. 10 Commissioner Jacobs noted that the number is approximately 48.1 percent, but there is 11 not a cap. He noted that Village Apartments has already been approved for this site, so there 12 will be additional students. 13 Commissioner Jacobs said all of this information is hypothetical, and he does not trust 14 projections. He said if this is going to be based on hypothetical information about revenue 15 generation, then it is reasonable for the County to generate hypothetical expenditures. He said 16 it should be proposed that the municipalities take these expenditures and impacts to the County 17 into consideration. He said staff is working to try and articulate these impacts. He said there is 18 no coefficient where the municipalities worry about how this will hit the County, but there will be 19 complaints if County taxes are too high. He said better communication and cooperation can 20 help people know upfront what the cost will be for a County taxpayer who happens to live in the 21 municipality 22 Commissioner Burroughs asked if it is correct to say that when you first look at this, you 23 see a deficit because there is no revenue yet. She said this is an exercise in revenue foregone. 24 Commissioner Rich said she thinks that the 175 students forecast in the first phase is an 25 outrageous number if you consider the history of developments in Chapel Hill. She said this 26 makes the education number high, and she thinks this is why there is a large deficit. 27 Paul Laughton said the total number is still 284 students over the three phases, so the 28 cumulative cost is still going to be there. 29 Commissioner Rich said there is an impact fee for students, plus the 48.1 percent 30 allocated for education, and then there is $3,500 per student. She said it seems that this is 31 double charging. 32 Paul Laughton said these scenarios have the 48.1 percent separate outside of the 33 growth, and then the growth is added on. He said this is because experience has shown that 34 the number goes over 48.1 percent as a result of growth. 35 Commissioner Rich asked if schools have gotten more than 48.1 percent for multiple 36 years. 37 Paul Laughton said yes. 38 Commissioner Jacobs said 48.1 percent is the floor, not the ceiling. He said, with the 39 coefficient that Craig Benedict used, there are almost 19 students from the first approved 40 apartment complex. He said blank assumptions cannot be made, and he does not know 41 enough about these 265 apartments. He said the Board could shoot holes into each of these 42 assumptions, but he is trying to take this as staff's first try at working with Chapel Hill on 43 providing metrics to start the conversation on this project. 44 Commissioner Price said she agrees with Commissioner Jacobs. She said she also 45 questions the number of proposed students. She said unless you have an idea of who will be 46 attracted to these accommodations, this is hypothetical, and it is scary to see such a huge 47 deficit at the end. 48 Commissioner Burroughs said design will also determine the housing with form based 49 code projects. She said the bigger point is to determine the philosophy for this project and 50 whether it is to bring in less revenue than you might have had. She said it is not about losing 51 money, but it is about getting less money. She is open to continuing a discussion about this.