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

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EXPLl1NATION OF TERMS AND DATA SOURCES SECTION 1- PRO7EC7 DATA Project dab Inclptles informatlon about the spedfc tlevelopment project, Much, if not all, of the inkrmatlon is supplied by the appliTant. Ddb inputs include: Prefect Name: Name of the project Township: Township in wMCh the project Is located School DistdcC School tllstlict in which the projeR is locatetl. 8eginnin9 Year: The Flrs[ year of the prole¢ in which dwel0ng units are completed antl caupied. Ending Year: The last year in which dwelling units are wmDletetl and occupied. The template is set to alculate Flscal Impads for a bn-year period. InNatlon Rate: Unless an inflaton ate is entered, The template will olculate fispl impacts based on constant dollars. Since the inflation rate changes Frequently, the Fnance Department must be conbRetl far the most recent figure. Persons/Household: The ntimatetl average number of persons/household (tlwelling unit) based on 1990 Census tlata and studies of the number of students per householtl for Ne school disMR in which Lte project Is located, The mast recent stvtlies Include A Study of Housing ChereIXedsfics and Stutlen[ Generafmn Rafe9 hr Orange County, N.O. (1995) and Technical Repsd: Ca/culeibn cI Propsrtionele Share ImpaG Fees for Financing Public School Capdal Neetls, Orange County, N.C. (3996). Children/Household: The estlmatetl avenge number of school age chiltlren/householtl (dwelling unit) basetl on studies of Ne number of stutlenls per householtl for the sThccl tlistriR in which the project is Ipratetl. The most recent stutly is A Stvtly of Housing Charactetlsflcs antl Studerrt Generetbn Rafes for Orange County, N. C. (1995). Non-Eltledy: N.C. Generel StaWtes permR an $11,000 exemption th the elderry and tlisabletl who meet cerbin income criteria. In the evert mat eltlerly unfis are part of the project, the percentage of eligible norveltlerly units is en~ietl. The tax base will automatiW lly be adjusted to reflect the exemption. Number of Nomes: The number of dwelling units to be construc[etl in Me project in each year.