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scenarios depending on student generation. Traffic analysis and programmed projects note how <br /> some Ephesus-Fordham intersection improvements could be funded in part by Durham- Chapel <br /> Hill Metropolitan Planning Organization funds. Planning recommendations also note how a <br /> future transit study and Orange County Bus and Rail Investment Plan (OCBRIP) funds could be <br /> used/assigned to `cross-town' routes to augment shopping opportunities between the downtown <br /> area/campus and this new retail node. Chapel Hill Transit (CHT) is presently studying bus <br /> routes to support future Bus Rapid Transit (BRT) and Light Rail Transit (LRT). <br /> Stormwater/flood control comments relate to how the County could participate in public <br /> sponsored improvements that have multiple benefits of flood control, water quality and <br /> environmental enhancement. Chapel Hill has recently (last fall) addressed a more <br /> comprehensive stormwater approach than anticipated early last year. <br /> School impact fee potential receipts were analyzed related to the existing impact fee schedule <br /> (Scenario A) vs. what new student generation rates (from a draft study completed late October <br /> 2014) may hypothetically generate from a student number perspective and an adjusted, yet <br /> unadopted fee schedule change (Scenarios B and C). <br /> A PowerPoint planning overview will be given at the meeting. <br /> Additionally, if a new high school and/or major additions have to be made to one of the existing <br /> Chapel Hill Carrboro City Schools (CHCCS) high schools to accommodate the projected <br /> increase in students, the additional debt service would reduce the net amount of property taxes <br /> received as a result of the planned project improvements. <br /> The first Ephesus Fordham performance report would be submitted during the first budget cycle <br /> in which an actual tax increment from the project was expected in the next fiscal year. The <br /> County could potentially benefit from participating with the Town of Chapel Hill from increased <br /> property and sales tax revenues. <br /> Based on information provided, the County would potentially receive incremental property tax <br /> revenues over three phases of the Project of approximately $14 million. County expenditures, <br /> based on current County financial policies and guidelines, would total $23 million prior to the <br /> requested debt contribution. After paying the requested debt contribution of$400,840 over 20 <br /> years, Attachment B-1 reflects Scenario 1 where the County would net a deficit of incremental <br /> tax revenues of$10.4 million. This scenario includes the cost impact of providing County <br /> services affected by the project, as well as the 48.1% target impact of General Fund revenues <br /> provided to Education, and the costs to fund the additional students in each phase of the project <br /> at the current per pupil amount of$3,571 per pupil. After paying the requested debt contribution <br /> of$400,840 over 20 years, Attachment B-2 reflects Scenario 2 where the County would net a <br /> deficit of incremental tax revenues of$6.9 million. <br /> This scenario only includes the 48.1% target to Education and the costs of the additional <br /> students in each phase of the project. <br /> In order for the County to participate in the project without incurring a deficit, the County would <br /> have to modify its financial policies in the areas of earmarking revenues for a particular purpose <br /> or project, and modify its funding target for education. <br /> Bonnie Hammersley introduced this item. She noted that the numbers included in this <br /> project presentation are speculative and will probably change. She said the town manager <br />