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18 <br /> 1 Commissioner Bedford asked about the Northside neighborhood. She said that the <br /> 2 blocks are interspersed. She said that the true value is elevated from the sales approach. She <br /> 3 asked if it is appropriate to use an income approach for gentrified neighborhoods like that. <br /> 4 Roger Gunn said that the same approach has to be used for the same type of property. <br /> 5 He said that is because they all have the capacity to be rented or owner occupied. <br /> 6 Commissioner Bedford said that potential use is not the current use and that is hard to <br /> 7 swallow as being fair but that she understands the law. <br /> 8 Roger Gunn said there is no way of them having an idea of what an intended use of a <br /> 9 property might be. <br /> 10 Chris McLaughlin said that the goal is true market value. He said they seek the value <br /> 11 that buyers would pay for similar properties next door to each other, one rented, one not. He <br /> 12 said that sellers would likely sell them for similar prices. <br /> 13 Commissioner Richards asked for examples that show neighborhood comparisons with <br /> 14 assumptions that they are entering the new cycle with. She said they could show two identical <br /> 15 houses and how that might change going into the next revaluation. <br /> 16 Commissioner Bedford asked if there are different variables from neighborhood to <br /> 17 neighborhood. <br /> 18 Leslie Wilcox said if a new home is built, it is assessed through the permitting process. <br /> 19 She said a new construction home is not assessed in the same way as a home that had been <br /> 20 there for 20 years. <br /> 21 <br /> 22 <br /> 23 2. School Capital Needs Work Group Final Report <br /> 24 The Board received the Final Report from the School Capital Needs Work Group and provide <br /> 25 direction on next steps. <br /> 26 <br /> 27 BACKGROUND: The Capital Needs Work Group (the work group) was established in Fall <br /> 28 2021 as a result of a petition by Commissioner Jean Hamilton of the Orange County Board of <br /> 29 County Commissioners (BOCC). The petition requested the work group address the capital <br /> 30 needs of the two public school systems in Orange County— Orange County Schools (OCS) and <br /> 31 Chapel Hill Carrboro City Schools (CHCCS) — especially the older schools, such that an <br /> 32 actionable plan (over 10 years) would be developed that would dedicate funds and a process to <br /> 33 address the needs. <br /> 34 <br /> 35 The work group sees value in collaboration and coordinating capital efforts across the BOCC, <br /> 36 County staff and two school districts. The County is responsible for allocating capital funds <br /> 37 amongst the schools and County capital needs. The school districts are responsible for <br /> 38 managing their individual facilities to best meet local needs. In that context, the work group is <br /> 39 interested in continuing to explore ways to improve efficiencies and transparency, and to better <br /> 40 inform decision-making around the capital needs for all its schools. <br /> 41 <br /> 42 The work group agreed to present the three recommendations listed below (and as detailed in <br /> 43 Appendix 1) to each of the three elected boards represented on the work group for <br /> 44 consideration and approval: <br /> 45 <br /> 46 Hire a consultant to evaluate the County's approach to school capital planning, design, <br /> 47 contracting, and financing. <br /> 48 Research alternative funding sources for school capital improvements. <br /> 49 County and both school districts commit to continue working together on school capital <br /> 50 planning through the existing work group. <br />