Minutes 09-13-2022 Work Session - Laserfiche WebLink

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