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

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per- SCHOOL IMPACT FEES: Ow4t~oe Courlrf SCHOOLS Orange County, North Carolina SCHOOL CONSTRUCTION COSTS TischlerBise analyzed costs for school construction in the Orange County School District. Costs for completed school projects in the Orange County School District were provided by the Orange County Budget Office. TischlerBise adjusted the costs to current (2007) dollars, where appropriate, using Marshall Valuation Service Comparative Cost Multipliers.6 Current school costs represent the average costs to construct elementary, middle, and high schools in the Orange County System. As shown in Figure 8, construction costs average around $187 per square foot. Specifically, the costs are as follows-Elementary: $186.85 per square foot; Middle: $187.63 per square foot; and High: $187.76 per square foot. Figure 8. School Project Costs Schoot Year (achwt Original Marshall Swift Current Cost Sguare Project or planned) Cost (1) Cost Multiplier )z) (adj. 3) (3] Feet Total Middle _ Gravelly Hill Total High Cedaz Ridge Total 576 $27 700 GRAND TOTAL $77,862,193 415,182 $187.53 2,276 $34,210 [S) Costs include school ronstructton, site deaelopment, fees, equipment, technology, contingency, and start-up costs (land vat includrd and addressed separately). )z] Mars)wll VatuaBon Service Comparative Cost Multfptier/or Class C buildings (structures with masonry bearing mails) for Raleigh, NC. [3)Adjusted to caveat da[lars using the Marshall Valuation Seraice Comparative Cost Multipliers. Sources: Orange County; Marshall Valuation Srraicc TisrhlrrBise LAND COSTS Orange County Schools anticipates the need to purchase land for future school sites to accommodate school capital needs brought about by growth in the County. Per Orange County Tax Assessor's office, suitable sites for public schools served by public water and sewer currently average $25,000 per acre. e Marshall Valuation Service (Marshall & Swift/Boeckh, LLC) Compazative Cost Multipliers aze used to convert historical costs to present-day costs. The published indexes and multipliers are specifically for construction costs taking into account costs of building materials and labor. Multipliers used for Orange County aze for Raleigh, NC and for Class C properties (buildings with masonry or concrete exterior walls and wood or steel roof and floor structures, except for concrete slab on grade). $11,425,220 $22,426,995 Cost Capacity Cost Per Sq Ft (Students) Per Student TISChler~t~; 15 fifc@,L[irinnieai.Plirniq~ Cat:utl~nti.