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12 <br /> Attachment 3 <br /> NOTICE OF PUBLIC HEARING <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> A public hearing will be held at the Whitted Building, 300 West Tryon Street, 2nd Floor, <br /> Hillsborough, North Carolina, on Tuesday, October 4, 2016 at 7:00 PM for the purpose of <br /> giving all interested citizens an opportunity to speak for or against the following item: <br /> 1. Draft Educational Facilities (School) Impact Fee Studies <br /> Effective July 1, 1993, the Board of County Commissioners established a system of <br /> impact fees to help fund a portion of the school capital needs created by growth in the <br /> county. Since that date, an impact fee has been collected for each new housing unit <br /> constructed or installed in the county. Fees collected in each of the two school districts <br /> within the county (Chapel Hill — Carrboro City Schools and Orange County Schools) are <br /> deposited into separate special accounts and used exclusively for increasing capacity <br /> (e.g., constructing new school facilities) in the school district in which the fee was <br /> collected. The impact fee supplements funds provided by the County from sales tax <br /> and property tax revenues for school capital projects. The educational facilities impact <br /> fee currently collected (last updated in 2008) in each district for each new residential <br /> unit is as follows: <br /> Chapel Hill — Carrboro City Schools <br /> Adopted School Impact Fees (2008) <br /> Effective Effective Effective Effective <br /> January 1, January 1, January 1, January 1, <br /> 2009 2010 2011 2012 <br /> (32% MSIF) (40% MSIF) (50% MSIF) (60% MSIF) <br /> Single-Family Detached $6,092 $7,616 $9,520 $11,423 <br /> Single-Family Attached $3,525 $4,406 $5,508 $6,610 <br /> Multifamily $686 $858 $1,072 $1,286 <br /> Manufactured Homes $2,634 $3,293 $4,116 $4,939 <br /> Orange County Schools <br /> Adopted School Impact Fees (2008) <br /> Effective Effective Effective Effective <br /> January 1, January 1, January 1, January 1, <br /> 2009 2010 2011 2012 <br /> (32% MSIF) (40% MSIF) (50% MSIF) (60% MSIF) <br /> Single-Family Detached $3,000 $3,749 $4,686 $5,623 <br /> Single-Family Attached / $930 $1,162 $1,453 $1,743 <br /> Multifamily <br /> Manufactured Homes $1,428 $1,785 $2,232 $2,678 <br /> The Board of County Commissioners contracted with a consultant to evaluate impact <br /> fee levels and determine the maximum legally defensible fee for new residential <br />