Agenda - 10-18-2016 - 7-a - School Impact Fee Updates

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30 Attachment 4 Summary of Proposed Amendments to School Impact Fees The proposed change to the disaggregation of housing type by bedroom count illustrates that fewer bedrooms (i.e. usually smaller houses) are correlated to less student generation and therefore a lower school impact fee amount in the vast majority of cases (6 of 6 cases) is realized in the first year. Rationally, one may conjecture that a smaller home (fewer bedrooms) is more affordable and therefore the lower impact fee is appropriate or at least does not disproportionately burden a smaller more affordable home. In addition, a new <800 SF home and Age Restricted Housing category were added to further clarify the lower school impacts associated with smaller more affordable or senior homes. Note: This example only comments on the fee when disaggregated by bedroom count but results are very similar when the average is employed. The results of the disaggregation are as follows: SINGLE FAMILY USING A GRADUAL IMPLENTATION OF MSIF( 2017, 2018, 2019) Chapel Hill/Carrboro Fees 37% 47% 57% Single Family Detached 0-3 Bedroom Reduced 57.5% 46.0% 34.6% Single Family 4+Bedroom Reduced then Increased 18.6% 3.4%+ 25.4% + Reduced as compared to Single Family< 800 SF 87.5% 84.2% 80.8% their prior categorization Single Family Attached 0-2 Bedroom Reduced 42.5% 27.0% 11.5% Single Family Attached 3+Bedroom Reduced then Increased 8.1% 16.7% + 36%+ **A prior note to the Multifamily Results; the data from the earlier analysis in 2005 showed dominance of low student presence probably from the strong college associated off-campus occupancy. Fees were relatively low($1286)for multifamily because of this situation, appreciably lower than multifamily in the Orange County school system area.