Agenda - 11-19-2001-9c - Laserfiche WebLink

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FISCAL IMPACT ANALYSIS FOR FOX HILL FARM CENTRAL RESIDENTIAL SERVICE STANDARD APPROACH Prepared by The Orange County Planning Department September, 2001 PRO]EGT DESCRIPTION Fox HIII Farm Central subelNSlon contains 91 buildable lots and is loratetl In Eno Township. The lots are accessetl by new public roads which will InterseR with New Sharon Chu¢h Road and Baldwin Road. The current zoning is AR - AgrimlNral Residential. The average lo[ size Is approximately 2.08 aces. La[s will be servetl by wells and intl'midual septic systems. ProjeR build-out Is esdmatetl at two years. Housing units will be constructed, beginning in 2002, with completlan of the project schetluletl for 2003, Dnits will wnstst of tlelached single-family homes, and the appllwnt estimates Ne aveage sales price m be $325,000 indutling the la[. METHODOLOGY FlsTal Impact analysis is a projection of the tlired, current, Wbllc costs antl revenues aswtlated with residential and non resdential growth In the judvJlctlan In which the growth is taKng place. Psral impaR analysis mnslders only direct impact in that it projects only the primary cost that cull be ir¢urretl and me immetllate revenues that will be generates. It Calculates the financial e0ec[ oP a planned tlevehpment or new subtlivision by consldedng the current cosh antl revenues such a development would generate if it were completetl antl oaupiatl roday. Flsral ImpaQ anaysls does not oinsitler the private costs of public action. It is concerned onty wtth public (ggvemmentap costs antl revenues. The methotl usetl in preparing the flswl Impact anatysis is the Service Standard Approach. While only gross expentliWres W service category are derived from the Per Capita Method, the Service 5tantlaN methotl tle[ermlbes the total number of atltlldonal employees by servire function mat will be required as a result of grpwth. This method employs average county government casts per person, average school costs per pupil, an employee to population ratio, antl average operating expenses per employee far each service category and school tlistriR. The number of new employees are projected antl muldpl'~ed times the aveage operating expenses Sindudes personnel, operating and wplbl tags) per employee. These average rosts are then weighed against per capita and per Pupil revenues to project the total net Flscel Impact of the development.