Minutes 11-15-2016 - Laserfiche WebLink

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11 type of housing. Proceeds from school impact fees can be used only to increase student membership capacity (e.g., Capital Facilities — new or expanded school buildings) in the school district in which the fee was collected. School impact fee proceeds cannot be used to fund operations or repairs of existing facilities. It should be noted that people's housing choices over time can change and those choices are reflected in the data used in the technical studies. Variance from study-to-study is to be expected due to demographic and housing trends that are captured in the data. Impact fees are paid once (when units are constructed) and cover the entire life of each housing unit. Housing often displays a cyclical nature of occupancy through the decades that a unit exists. This is one of the reasons school impact fee studies necessarily consider the entire housing stock when determining student generation rates; the entirety of the housing stock provides a reasonable snapshot in time of how all units will be occupied during their existence. Additionally, redevelopment projects of existing housing units do not pay additional impact fees unless the number of new units exceeds the number of existing units, in which case impact fees are due only on the number of new units that exceeds the existing number (e.g., 200 housing units being redeveloped into a project that contains 250 new units would pay impact fees only on the 50 additional units). The Board of County Commissioners has extensively discussed the results of the 2016 studies and possible fee updates at four meetings since September. Meeting materials and videos of the meetings are posted at: http://www.orangecountync.gov/departments/board of county commissioners/index.php Meeting dates were: • September 6, 2016 • September 29, 2016 • October 4, 2016 • October 18, 2016 At the October 18 meeting, the Board voted (5-2) on the preference for charging school impact fees based on bedroom counts, when applicable. The Board also deferred an adoption decision to give staff time to meet with representatives of three interested groups (the Homebuilders Association of Durham, Orange, and Chatham Counties; the Triangle Apartment Association; and the Chapel Hill-Carrboro Chamber of Commerce) who spoke at the meeting and also to conduct an additional breakeven analysis based on different assumptions from the analysis that was completed for the October 18 meeting. County staff met with representatives of various organizations on October 26 and the group sent an email with their comments on November 1. The e-mail and staff responses are included in Attachment 4. Some of the ideas presented by the stakeholders have been incorporated into the potential ordinances in Attachments 2 and 3. Details of the breakeven analyses are included in Attachment 1. The analyses differ in the multi-family bedroom split projections as follows: • A 50/50 multi-family bedroom split (0-2 bedrooms/3+ bedrooms) yields a breakeven point of 37% of the MSIF. Note that some stakeholders who attended the meeting on October 26 have indicated this bedroom split is not likely, particularly in the Chapel Hill