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22 <br /> EXPLANATION OF TERMS AND DATA SOURCES <br /> SECTION 1 - PROJECT DATA <br /> Project data includes information about the specific development project. Much, if not <br /> all, of the information is supplied by the applicant. Data inputs include: <br /> Project Name: Name of the project. <br /> Township: Township in which the project is located.' <br /> School District: School district in which the project is located. <br /> Beginning Year: The first year of the project in which dwelling units are completed and <br /> occupied. <br /> Ending Year: The last year in which dwelling units are completed and occupied. The <br /> template is set to calculate fiscal impacts for a ten-year period. <br /> Inflation Rate: Unless an inflation rate is entered, the template will calculate fiscal impacts <br /> based on constant dollars. Since the inflation rate changes frequently, the Finance <br /> Department must be contacted for the most recent figure. <br /> Persons/Household: The estimated average number of persons/household (dwelling unit) <br /> based on 1990 Census data and studies of the number of students per household for the <br /> school district in which the project is located. The most recent studies include A Study of <br /> Housing Characteristics and Student Generation Rates for Orange County, N.C. (1995) and <br /> Technical Report: Calculation of Proportionate Share Impact Fees for Financing Public <br /> School Capital Needs, Orange County, N.C. (1996). <br /> Children/Household: The estimated average number of school age children/household <br /> (dwelling unit) based on studies of the number of students per household for the school <br /> district in which the project is located. The most recent study is A Study of Housing <br /> Characteristics and Student Generation Rates for Orange County, N.C. (1995). <br /> Non-Elderly: N.C. General Statutes permit an $11,000 exemption to the elderly and <br /> disabled who meet certain income criteria. In the event that elderly units are part of the <br /> project, the percentage of eligible non-elderly units is entered. The tax base will <br /> automatically be adjusted to reflect the exemption. <br /> Number of Homes: The number of dwelling units to be constructed in the project in each <br /> year. <br />