Orange County NC Website
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 />