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Agenda - 09-05-2023; 7-a - Draft Orange County Climate Action Plan and Greenhouse Gas Inventory Report
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Agenda - 09-05-2023; 7-a - Draft Orange County Climate Action Plan and Greenhouse Gas Inventory Report
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8/31/2023 2:08:34 PM
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BOCC
Date
9/5/2023
Meeting Type
Business
Document Type
Agenda
Agenda Item
7-a
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APP <br /> AENDIX D FUNDING MECHANISMS <br /> ppendix D: ORANG CE OUNTY The full description for all costs has been <br /> NORTH CAROLINA <br /> provided to the County,in a Climate <br /> Fundin Mechanisms Action Tracker,which accompanied this <br /> CAP,and is available upon request. <br /> •- Examples Description <br /> Special Benefit-Based Community Improvement Fee Levied on property owners to fund <br /> Assessments neighborhood enhancements. <br /> Special Taxes Open Space Preservation Tax Tax on properties for preserving <br /> county open spaces and green <br /> areas. <br /> Property Tax Increment Tax Increment Financing Incremental property tax revenue <br /> allocated for development projects. <br /> Utility User Tax Energy Consumption Tax County tax on utility service <br /> consumption such as natural gas. <br /> Parking Fee County Parking Revenue User fee for county-owned parking <br /> facilities. <br /> Enterprise Fund Waste Management Fund Self-sustaining funds generated <br /> from county-owned enterprises. <br /> Development Fee Land Use Development Charge Fee paid by developers for funding <br /> county infrastructure. <br /> Carbon Development Carbon Footprint Charge Fee based on carbon emissions <br /> Impact Fee from developments to fund <br /> mitigation. <br /> Congestion Pricing Traffic Congestion Charge User fee to reduce traffic congestion <br /> and raise funds. <br /> Green Bond Environmental Impact Bond Bonds for capital improvements <br /> with an environmental focus. <br /> Green Revolving Fund Sustainability Investment Fund An internal fund where savings from <br /> efficiency projects are reinvested in <br /> future green initiatives. <br /> Energy Performance Energy Efficiency Agreement Contracts for energy upgrades in <br /> Contracts(EPC) exchange for cash flows from a <br /> portion of savings. <br /> Public-Private Partnerships Renewable Energy Partnership County partnerships with private <br /> (PPP) companies for energy projects. <br /> Infrastructure as a Service Energy Infrastructure Lease Leasing energy infrastructure from <br /> (IAAS) private entities for funds. <br /> 130 2023 CLIMATE ACTION PLAN ORANGE COUNTY, NORTH CAROLINA <br />
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