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Agenda - 02-26-2001-c4
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Agenda - 02-26-2001-c4
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9/2/2008 9:05:00 AM
Creation date
8/29/2008 10:29:03 AM
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BOCC
Date
2/26/2001
Document Type
Agenda
Agenda Item
c4
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Minutes - 02-26-2001
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\Board of County Commissioners\Minutes - Approved\2000's\2001
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M . <br />` g... .. " . .... ~.. . <br />rai enedict O SchFee.do vP, „m~, <br />c Page <br />~_~~ <br />School Im act Fees Orange County, North Carolina <br />Executive Summary <br />Tischler & Associates, Inc. (TA) calculated school impact fees for Orange County, North <br />Carolina based on data for the current school year (2000-2001). Impact fees are one- <br />time payments that are used to construct public facilities needed to accommodate new <br />development. Impact fees are proportionate to the school capital facility service <br />demands for two categories of residential development. The impact fee methodology <br />establishes an equitable allocation of the costs in comparison to the benefits received <br />(i.e., capital improvements to be provided by either Orange County or Chapel Hill <br />Carrboro School District). <br />The school impact fee methodology is based on current public school student <br />generation rates, local costs, and level of service standards. Figure 1 illustrates the <br />methodology used to calculate the fee. The basic formula used to derive the impact fee <br />for both school districts is to multiply student generation rates by the net capital cost of <br />public schools per student. To avoid potential double payment for school facilities, a <br />credit for future principal payments on existing General Obligation bonds is reflected in <br />the maximum supportable impact fee per housing unit. Impact fees will address the <br />cost of five different types of facilities, including school sites, school buildings (i.e., total <br />project cost), relocatable classrooms, support buildings and vehicles used by the <br />SCh~aol DlstrlCtS. <br />Section II of this report discusses development projections and student generation rates <br />used in the impact fee calculations. Section III of the report documents each cost factor <br />and Level-Of-Service (LOS) standard used to derive the school impact fees. The final <br />section of this report discusses implementation and administration of the fees, including <br />a cash flow analysis (See Appendix A) and a memorandum on the methodology used <br />to derive the student generation rates (see Appendix B). <br />4 <br />
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