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15 <br /> 1 • Fiscal Impact Evaluations (700+) <br /> 2 • Infrastructure Needs & Revenue Strategies <br /> 3 • Public and Private Sector Experience* <br /> 4 <br /> 5 Impact Fees <br /> 6 The purpose is to: <br /> 7 ". . . Help defray the costs to the County of constructing certain capital improvements, <br /> 8 the need for which is created in substantial part by the new development that takes place within <br /> 9 the County." <br /> 10 • Represent new growth's fair share of the cost for capital facility needs <br /> 11 • Used for capacity expansions <br /> 12 • Not a revenue raising mechanism but a way to provide growth-related infrastructure <br /> 13 • Three requirements must be met: <br /> 14 o Impact: Growth is generating need for infrastructure <br /> 15 o Benefit: Timing of improvements; accounting and expenditure controls <br /> 16 o Proportionality: Fair share of cost <br /> 17 <br /> 18 Process For Study <br /> 19 • Interview key staff <br /> 20 • Analyze demographic data <br /> 21 • Consider methodologies and determine levels of service <br /> 22 • Determine capital costs <br /> 23 • Evaluate inclusion of credits <br /> 24 • Determine maximum supportable fee amounts for each school system <br /> 25 • Staff review <br /> 26 • Presentations to the public <br /> 27 • Decision by elected officials <br /> 28 <br /> 29 Methodologies <br /> 30 • Cost Recovery (past) <br /> 31 o Oversized and unique facilities <br /> 32 • Incremental Expansion (present) <br /> 33 o Formula-based approach documents level-of-service with both quantitative and <br /> 34 qualitative measures; common for schools <br /> 35 • Plan-Based (future) <br /> 36 o Common for utilities but can also be used for other public facilities with non- <br /> 37 impact fee funding (e.g., roads) <br /> 38 <br /> 39 Impact Fee Formula Overview <br /> 40 • Basic formula is shown. <br /> 41 • Demand by type of development <br /> 42 • How much infrastructure is required to serve that demand <br /> 43 • Cost to City to provide that infrastructure <br /> 44 • Basic example: students per housing unit x square feet per student x cost per square <br /> 45 feet = capital cost per housing unit for new school space. <br /> 46 <br /> 47 Orange County Schools (OCS) Student Generation Rates <br /> 48 Student generation rate: # of public school students per housing unit in the OCS system. <br /> 49 -Public school students are a subset of school-aged children, which includes students in private <br /> 50 schools and home-schooled children. <br />