Agenda - 09-16-2008 - 6d - Laserfiche WebLink

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p~ SCHOOL IMPACT FEES: Cw~er. Hiu-G~ORO Ctnr SCHOOLS Orange County, Nortfi Carolina SCHOOL IMPACT FEE INPUT VARIABLES Factors used to derive the Chapel Hill-Carrboro City Schools impact fee are summarized in Figure 13. Impact fees for schools are based on student generation rates (i.e., public school students per housing unit) and are only implemented on residential development. Level of Service standazds aze based on current costs per student for school buildings, land, portable classrooms, support facilities, and buses /vehicles as described in the previous sections and summarized below. Also included in the fee is the cost for preparation of the impact fee study. The consultant study cost per student is calculated based on the projected increase in student enrollment over the next three yeazs and is added to the capital cost per student to derive the total cost per student. Three years reflect the typical length of time before the impact fees should be reexamined to reflect changes in development and levels of service. The total gross capital cost per student is the sum of the boxed cost components. For example, for the elementary school portion, the calculation is as follows: $28,787 (building construction] + $2,500 (land] + $398 (portables] + $1,160 (support facilities] + $572 (buses] + $36 (consultant cost] _ $33,453 total gross cost per student. This cost is then adjusted to reflect the local shaze of the cost at 99 percent, or $33,119 per student. The credit for future principal payments ($6,127) is then subtracted from the gross local capital cost per student to derive the net local capital cost per student ($26,992) for elementary schools. The same approach is followed for middle and high schools. Tischlert3is~ 20 thcE, [wi+mica Plinntns Ccnwit~nti.