Agenda - 06-18-2002 - 9o - Laserfiche WebLink

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Ia FISCAL IMPACT ANALYSIS FOR TUSCANY RIDGE RESIDENTIAL SERVICE STANDARD APPROACH Prepared by The Orange County Planning Department June, 2002 PROJECTDESCRTPTION Tuscany Ridge subdivision contains 22 buildable lots and Is located in Chapel Hill Township. The lots are accessed by new public roads which will intersect with Arthur Mlnnis Road. The current zoning is RE — Rural Buffer. The average lot size Is approximately 231 acres Including open space. Las will be served by individual wells and individual septic systems. project buildrout Is estimated at four years. Housing units will be constructed, beginning in 2002, with completion of the project scheduled for 2005. Units will consist of detached single-family homes, and the applicant estimates the average sales price ro be $500,000.including the lot. METHODOLOGY Fiscal Impact analysis is a projection of the direct, current, public costs and revenues associated with residential and non residential growth In the jurisdiction in which the growth is taking place. Fiscal impact analysts considers only direct impart in that it projects only the primary costs that will be incurred and the Immediate revalues that will be generated. It calculates the financial effect of a planned development or new subdivision by considering the current costs and revenues such a development would generate If It were completed and occupied today. Fiscal impact analysis does not consider the private costs of public action. It is concerned only with public (governmental) costs and revenues. The method used in preparing the fiscal impact analysis Is the Service Standard Approach. While any gross expenditures by saMce category are dented from the Per Capita Method, the Service Standard method determines the total number of additional employees by service function that will be regulred as a result of growth. This method employs average county government costs per person, average school costs per pupil, an employee to population ratio, and average operating expenses per employee for each service category and school district The number of new employees are projected and multiplied times the average operating expenses (includes personnel, operating and capital peals) per employee. These average costs are then weighed against per capita and par pupil revenues to project the rota1 net fiscal Impact of the development.