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Agenda - 10-18-2016 - 7-a - School Impact Fee Updates
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Agenda - 10-18-2016 - 7-a - School Impact Fee Updates
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10/13/2016 4:44:14 PM
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BOCC
Date
10/18/2016
Meeting Type
Regular Meeting
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Agenda
Agenda Item
7a
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Minutes 10-18-2016
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\Board of County Commissioners\Minutes - Approved\2010's\2016
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5 <br /> Attachment 1 <br /> Maximum Supportable Impact Fee (MSIF) Summary <br /> The spreadsheets on the following pages show annual projected impact fee amounts at various MSIF <br /> levels for both the updated fee amounts and the current fee amounts, when both are calculated at <br /> estimated development levels (in order to "compare apples-to-apples"). The following table depicts the <br /> estimated development levels: <br /> Chapel Hill—Carrboro City School District Orange County School District <br /> Estimated 341 new units per year Estimated 398 new units per year <br /> Estimated Unit Types: Estimated Unit Types: <br /> 20%Single Family Detached 60%Single Family Detached <br /> 15%Single Family Attached 15%Single Family Attached <br /> 65% Multi Family 20% Multi Family <br /> 0%Manufactured Homes 5% Manufactured Homes <br /> Estimated Annual Number of Units: Estimated Annual Number of Units: <br /> • 60 Single Family Detached (assumed 50/50 • 230 Single Family Detached (assumed 50/50 <br /> split between 0-3 bedrooms and 4+ bedrooms) split between 0-3 bedrooms and 4+bedrooms) <br /> • 8 Single Family Detached <800 sq. ft. • 9 Single Family Detached <800 sq. ft. <br /> • 51 Single Family Attached (assumed 50/50 • 60 Single Family Attached (assumed 50/50 <br /> split between 0-2 bedrooms and 3+ bedrooms) split between 0-2 bedrooms and 3+ bedrooms) <br /> • 222 Multi Family(assumed 50/50 split • 80 Multi Family(assumed 50/50 split between <br /> between 0-2 bedrooms and 3+ bedrooms) 0-2 bedrooms and 3+ bedrooms) <br /> • 0 Manufactured Homes • 20 Manufactured Homes <br /> "Breakeven Points"(To collect approximately the same amount of revenue as generated with the <br /> current fee): <br /> • The collection "breakeven point" if fees were to be charged using bedroom counts is estimated <br /> to be 37%of the MSIF. <br /> • The collection "breakeven point" if fees were to be charged using the Average calculated MSIF is <br /> estimated to be 43.5%. <br />
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