Browse
Search
Agenda - 11-15-2016 - 7-a - School Impact Fee Updates
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2010's
>
2016
>
Agenda - 11-15-2016 - Regular Mtg.
>
Agenda - 11-15-2016 - 7-a - School Impact Fee Updates
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/10/2016 2:55:26 PM
Creation date
11/11/2016 8:26:57 AM
Metadata
Fields
Template:
BOCC
Date
11/15/2016
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7a
Document Relationships
Minutes 11-15-2016
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2016
ORD-2016-034 Ordinance Amending Chapter 30, Article II - Educational Facilities Impact Fee of the OC Code of Ordinances
(Linked From)
Path:
\Board of County Commissioners\Ordinances\Ordinance 2010-2019\2016
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
35
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
6 <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 /> in both scenarios) • 9 Single Family Detached <800 sq. ft. <br /> • 8 Single Family Detached <800 sq. ft. • 60 Single Family Attached (assumed 50/50 <br /> • 51 Single Family Attached (assumed 50/50 split between 0-2 bedrooms and 3+ bedrooms) <br /> split between 0-2 bedrooms and 3+ bedrooms) • 80 Multi Family(assumed 50/50 split between <br /> • 222 Multi Family(assumed 50/50 split 0-2 bedrooms and 3+ bedrooms in one <br /> between 0-2 bedrooms and 3+ bedrooms in scenario and a 75/25 split in the second <br /> one scenario and a 75/25 split in the second scenario) <br /> scenario) • 20 Manufactured Homes <br /> • 0 Manufactured Homes <br /> "Breakeven Points"(To collect approximately the same amount of revenue as generated with the <br /> current fee): <br /> • If assuming a 50/50 split in multi-family units' bedroom counts (0-2 bedrooms/3+ bedrooms), <br /> the collection "breakeven point" is estimated to be 37%of the MSIF. <br /> • If assuming a 75/25 split in multi-family units' bedroom counts (0-2 bedrooms/3+ bedrooms), <br /> the collection "breakeven point" is estimated to be 43%of the MSIF. <br />
The URL can be used to link to this page
Your browser does not support the video tag.