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18 <br /> WHEREAS, the State of North Carolina authorizes Orange County to impose impact fees <br /> through Title VI of Chapter 460 of the Session Laws of 1987, as amended by Chapter 324 of <br /> the Session Laws of 1991 and Part 4 of Chapter 642 of the Session Laws of 1993; and <br /> WHEREAS, the General Assembly is considering amending the County's authority to impose <br /> impact fees through House Bills 406 and 436; and <br /> WHEREAS, in order to study how best to remain in compliance with the proposed laws and to <br /> study issues raised by the General Assembly and collect further data; and <br /> WHEREAS, the Orange County Board of Commissioners, believing it to be in the best interest <br /> of the citizens and residents of Orange County, hereby determines that Chapter 30 of the <br /> Orange County Code of Ordinances should be amended to repeal the impact fee amounts <br /> adopted on November 15, 2016 and . <br /> NOW THEREFORE BE IT ORDAINED that the Code of Ordinances, Orange County, North <br /> Carolina, Chapter 30, by majority vote of the Orange County Board of Commissioners, is <br /> hereby amended by amending section 30-33, which section reads as shown in the attached <br /> revised ordinance amending the Educational Facilities Impact Fee in Orange County. <br /> BE IT FURTHER RESOLVED, that Resolutions 2016-083 and 2017-018 adopted on <br /> December 13, 2016 and April 4, 2017, respectively, are hereby repealed. <br /> BE IT FURTHER RESOLVED that the County Manager is authorized to refund that portion of <br /> any impact fees paid between January 1, 2017 and May 16, 2017 that exceeds the amount of <br /> impact fees that would have been paid for the same project on January 1, 2012. <br /> This Amendment shall become effective upon adoption. <br /> Adopted by the Orange County Board of Commissioners this 16th day of May, 2017. <br /> A motion was made by Commissioner McKee, seconded by Commissioner Burroughs <br /> to adopt the Ordinance and Resolution in Attachments 1 and 2. <br /> Commissioner Rich said she is not going to vote for this. She said this was data <br /> intensive, and Orange County did its due diligence. <br /> VOTE: Ayes, 6; Nays, 1 (Commissioner Rich) <br /> 6. Regular Agenda <br /> a. Amendments to the County's Fund Balance Management Policy Regarding the <br /> General Fund Unassigned Fund Balance <br /> The Board considered amending the County's Fund Balance Management Policy to set <br /> the unassigned fund balance for the General Fund at an amount lower than the current 17% <br /> level. <br /> Bonnie Hammersley presented this item, and reviewed the background information <br /> below: <br />