Orange County NC Website
Browse       Search
19 <br /> FISCAL IMPACT ANALYSIS FOR TUSCANY RIDGE <br /> RESIDENTIAL SERVICE STANDARD APPROACH <br /> Prepared by <br /> The Orange County Planning Department <br /> 3une, 2002 <br /> PROJECT DESCRIPTION <br /> Tuscany Ridge subdivision contains 22 buildable lots and is located in Chapel Hill <br /> Township. The lots are accessed by new public roads which will intersect with Arthur Minnis <br /> Road. The current zoning is RB — Rural Buffer. The average lot size is approximately 2.31 <br /> acres including open space. Lots will be served by individual wells and individual septic <br /> systems. <br /> Project build-out is estimated at four years. Housing units will be constructed, <br /> beginning in 2002, with completion of the project scheduled for 2005. Units will consist of <br /> detached single-family homes, and the applicant estimates the average sales price to be <br /> $500,000 including the lot. <br /> METHODOLOGY <br /> Fiscal impact analysis is a projection of the direct, current, public costs and revenues <br /> associated with residential and non residential growth in the jurisdiction in which the growth <br /> is taking place. Fiscal impact analysis considers only direct impact in that it projects only the <br /> primary costs that will be incurred and the immediate revenues that will be generated. It <br /> calculates the financial effect of a planned development or new subdivision by considering <br /> the current costs and revenues such a development would generate if it were completed and <br /> occupied today. Fiscal impact analysis does not consider the private costs of public action. It <br /> is concerned only with public (governmental) costs and revenues. <br /> The method used in preparing the fiscal impact analysis is the Service Standard <br /> Approach. While only gross expenditures by service category are derived from the Per Capita <br /> Method, the Service Standard method determines the total number of additional employees <br /> by service function that will be required as a result of growth. This method employs average <br /> county government costs per person, average school costs per pupil, an employee to <br /> population ratio, and average operating expenses per employee for each service category <br /> and school district. The number of new employees are projected and multiplied times the <br /> average operating expenses (includes personnel, operating and capital costs) per employee. <br /> These average costs are then weighed against per capita and per pupil revenues to project <br /> the total net fiscal impact of the development. <br />