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dwelling unit will be located are both in the same "public school benefit area." Two options <br />are under consideration. The first option would require that the lot from which the residential <br />dwelling unit is moved be extinguished as a residential dwelling lot, therefore, providing for the <br />impact fee exemption to no longer "run with the land." The second option would require that an <br />impact fee be imposed on the lot from which the residential dwelling unit was moved if, in the <br />future, another residential dwelling unit were located on that lot, in effect providing for the <br />impact fee exemption to "run with the dwelling unit." <br />FINANCIAL IMPACT: Other than advertising costs, there are no direct financial impacts <br />associated with hearing public comments on this item. <br />RECOMMENDATION(S): The Manager recommends that the Board, 1) close the public <br />hearing, and 2) adopt the proposed amendments to the Educational Facilities Impact Fee <br />Ordinance: <br />a. At this time and meeting, or <br />b. At the March 21, 2006 meeting. <br />