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

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F3seal; Economic & Plarinirig Consultants 47".Oi SAMG;AMORE ROAD I SUI'C~ 5240 i BETHESDA; MD 70816 Te 800:424.x3`18 [ F':..301.320,~4$60 80 ANNANDAIE ROAD. 1 PASADENA, CA 91 i 05-i 404 ?c.;81$,790:6.1.7.O:i F: ,$}8:7906235 W WW.TISCHCERBISE:COM TischlerBise was retained by Orange County, North Carolina, to calculate impact fees for public schools to meet the demands generated by new residential development for school facilities in the County. The County has been granted authority by the State to implement impact fees for Schools.i The purpose of the legislation is to "help defray the costs to the County of constructing certain capital improvements, the need for which is created in substantial part by the new development that takes place within the County."2 Impact fees are one-time payments used to defray the cost impacts of school facilities necessary to accommodate new development. The payment amount represents new growth's fair share of capital facility needs. TischlerBise evaluated possible. methodologies and documented appropriate demand indicators by type of development for the fee amounts. Specific capital costs have been identified using local data and current dollars. Level of Service (LOS) standards and cost factors are presented in this report and are the basis for the calculations. It should be noted that although growth affects both. capital and operating expenses incurred by schools, the Impact Fee analysis addresses new development's impact on capital facilities only. It is further limited to capital improvements that provide additional capacity as opposed to maintenance or rehabilitation. Orange County is served by two school systems, Orange County Schools and Chapel Hill- Carrboro City Schools. TischlerBise analyzed and calculated School Impact Fees for each school system. This report details the results of the Orange County Schools Impact Fees. The Chapel Hill-Carrboro report is issued under separate cover. ' S.L. 1987-460 ("An Act Making Sundry Amendments Concerning Local Governments Iri Orange And Chatham Counties, Title VI: Orange County Impact Fees ). In addition to schools, other community service facility categories are allowed such as: the acquisition of land for open space and greenways, capital improvements to public streets, bridges, sidewalks, bikeways, on and off street surface water drainage ditches, pipes, culverts, other drainage facilities, water and sewer facilities and public recreation facilities. (See Appendix B for a copy of the applicable section of the Act.) z Ibid, Sec. 17 (b) (1). • fiscal Impacfi Analysis • Impact Fees • Revenue Strategies • Economiclmpact Analysis • Flscal Software,