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14 <br /> November 15, 2016 <br /> Presenters: Craig Benedict, Planning Director; and Perdita Holtz, Planner III <br /> Overview <br /> • School impact fees are updated to reflect changing demographics and capital costs <br /> • Two new categories were included <br /> • Small cottage homes (<800 square feet) <br /> • Age restricted housing <br /> • Housing categories were further refined to reflect how smaller units (i.e., fewer <br /> bedrooms) generally show lower impacts <br /> • School impact fees are not an affordable housing tool but balance the capital needs of <br /> schools based on lost state revenues and link revenues to new construction and not <br /> the entire populace. <br /> Perdita Holtz, Planning, presented this portion of the PowerPoint: <br /> October 18 BOCC Meeting <br /> • Board voted on the preference for charging school impact fees based on bedroom <br /> count, when applicable <br /> • Deferred adoption decision until November 15 <br /> o Meet with stakeholder group <br /> o Additional breakeven analysis <br /> Activities Since October 18 Discussion <br /> • Additional breakeven analysis completed <br /> o 75/25 multi-family 0-2 BR/3+ BR split <br /> » Results in 43% MSIF starting point <br /> • Presentation to Town of Carrboro on October 25 <br /> o Summary of comments on page 4 of abstract <br /> • Met with stakeholder group on October 26 <br /> o Written comments received November 1 <br /> » Attachment 4, along with staff responses <br /> Proposed Ordinances <br /> • Begin fees at estimated breakeven points and increase by 10 percentage points of the <br /> MSIF for 2 subsequent years <br /> • Also language in adopting ordinance (Be It Further Ordained) clarifying building permit <br /> application deadlines and by when a building permit would have to be issued in order to <br /> pay the prior fee <br /> o Timeframe increased from 120 days to 180 days at stakeholder request <br /> • Language added to adopting ordinance (second Be It Further Ordained) for approved <br /> Zoning Compliance Permits due to stakeholder comments <br /> o Projects with a ZCP by January 1, 2017 and that submit for a building permit <br /> prior to January 1, 2018 may choose 2016 fee or updated fee, provided building <br /> permit is issued no more than 180 calendar days after submission of application <br /> • Other amendments to the Educational Facilities Impact Fee Ordinance previously <br /> presented <br /> o Contained in proposed ordinances in Attachments 2 and 3 <br />