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

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p~ SCHOOL IMPACT FEES: Or~oe Couritir SCHOOLS Orange County, North Carolina The second type of credit, asite-specific credit, is for system improvements that have been included in the fee calculations. Policies and procedures related to site-specific credits for system improvements should be addressed in the ordinance that establishes the County's impact fees. However, the general concept is that developers may be eligible for site-specific credits or reimbursements only if they provide system improvements that have been included in the fee calculations. Project improvements normally required as part of the development approval process are not eligible for credits against impact fees. MAXIMUM SUPPORTABLE SCHOOL IMPACT FEES Figure 1 provides the schedule of Maximum Supportable School Impact Fees for Orange County Schools, North Carolina. For asingle-family detached housing unit, the maximum supportable fee amount is $9,372 per unit; for a single family attached/multifamily unit, the maximum fee amount is $2,905 per unit; and for a manufactured home, the maximum fee amount is $4,463 per unit. T'he fees should be collected when building permits are issued. School impact fees are applied only to residential development and are per housing unit, reflecting the proportionate demand by type of unit. The amounts shown are "maximum supportable" amounts based on the methodologies, level of service, and costs for the capital improvements identified herein. The fees represent the highest amount feasible for each type of applicable development, which represent new growth's fair share of the capital costs as detailed in this report. T'he County can adopt amounts that are lower than the maximum amounts shown. However, a reduction in fee revenue will necessitate an increase in other revenues, a decrease in planned capital expenditures, and/or a decrease in the County's level of service. Figure 1. Maximum Supportable School Impact Fees: Orange County Schools MAXIMUM ALLOWABLE SCHOOL IMPACT FEESc Orange County Schools imvact Fee Per Housing Linit Elementary Middle High TOTAL - Single Family Detached $3,581 --- $2,485 $3,306 $9,372 Single Family Attd/Multifamily $1,406 $607 $892 $2,905 Manufactured Homes $2,046 $1,132 $1,285 $4,463 A note on rounding: Calculations throughout this report are based on an analysis conducted using Excel software. Most results are discussed in the report using one, two, and three digit places, which represent rounded figures. However, the analysis itself uses figures carried to their ultimate decimal places; therefore the sums and products generated in the analysis may not equal the sum or product if the reader replicates the calculation with the factors shown in the report (due to the rounding of figures shown, not in the analysis). Tischier~~se 3 tifct,[[imomicSi.PlSnrtin~Crnsu[ianti