Agenda - 06-25-2001-5a - Laserfiche WebLink

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generated depending on the level of impact fees set by the BOCC and using the assumptions about annual additional housing units created as laid out in the Tischler report. One idea discussed. by the BOCC at the June 21 budget work would be to base the impact fees at 56 percent of each maximum supportable impact fee, based on the request from the Orange County Board of Education that the single family detached impact fee in the OCS district be set at $3,000 per dwelling unit (which represents 56 percent of the maximum fee of $5,364.) The revenue figures derived from the 56 percent scenario are denoted in the pink section of each table. The Board may also wish to consider setting rates for the Chapel Hill-Carrboro system that will generate at least as much estimated impact fee revenue for the CHCCS district as currently projected under the, existing fee schedule. All of the scenarios with fees set at 50 percent or higher of the maximum supportable impact fee would produce such a result. RECOMMENDATION(S): The Manager recommends that the Board amend the Ordinance as follows: 1. In keeping with the impact fee amounts as proposed by the Orange County School Board for Orange County Schools, and observing the 56 percent benchmark, approve $3,000 for single family detached and $1,420.for all other residential units with an effective date of July 1, 2001. Permits issued prior to July 1 would be assessed at the existing impact fee of $750. 2. Depending on rates set by the BOCC for OCS, consider the 56 percent benchmark ($4,113 for single family detached and $1,847 for all other residential units) as a starting point for discussion about impact fee amounts for the Chapel Hill-Carrboro .City Schools with an effective date of July 1, 2.001. Permits issued prior to July 1 would be assessed at the existing impact fee of $3,000.