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MEMO -- Intergovernmental Work Group on Alternative Revenues <br /> February 01, 1989 <br /> Page 4 <br /> 13 <br /> CURRENT ESEINATE OF IN>BBSIBBS ACTIVITY OY I11BIT TYPE <br /> 5II16LE 1P ILY 1 IWLTI-FAMILY I MUNRO I TOTAL <br /> PLACE UNITS SQ. FT. I UNITS SQ. FT. 1 UNITS SQ. FT. I UNITS SQ. FT. <br /> 1 <br /> Carrboro 59 118,000 I 267 261,660 I 3 3,000 i 329 382,660 <br /> Chapel Hill 128256.000 I 355347,900 i 3 3,000 I 486 606,900 <br /> Hillsborough 10 20,000 I 30 29,400 I 41 41,000 I 81 90,400 <br /> Orange County 303 606,000 1 30 29,400 1 397 397,000 I 730 1,032,400 <br /> Total 500 1,000,000 I 682 668,360 I 444 444,000 1 1,626 2,112,360 <br /> Average single family unit used = 2,000 square feet <br /> Average multi-family unit used = 980 square feet <br /> Average mobile home unit used = 1 ,000 square feet <br /> Source: Averages were derived from the Orange County Planning <br /> Department's report on "Estimation of Fees Generated <br /> On A Square Footage Basis As Applied To Residential <br /> Construction", 11/15/88. <br /> Estimated revenues which could theoretically be generated by <br /> using a $.50 tax per square foot for housing results in the <br /> following: <br /> RESIDENTIAL ESTIMATED REVENUES <br /> USING A $.50 PER SQUARE FOOT TAX <br /> TOTAL SQUARE TOTAL REVENUES <br /> PLACE FOOTAGE <br /> CARRBORO 382,660 $ 191,330 <br /> CHAPEL HILL 606,900 303,450 <br /> HILLSBOROUGH 90,400 45,200 <br /> ORANGE COUNTY 1 ,032 ,400 516, 200 <br /> TOTAL 2,112,360 $1,056,180 <br /> • <br /> • <br />