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DRAFT SCHOOL IMPACT FEES: Oruwoe Cour~v SCHOOIS <br />Orange County, Nortfi Carolina <br />METHODOLOGY <br />The Orange County Schools impact fee methodology is based on current average public school <br />student generation rates, level of service standards, and local costs. Figure 3 illustrates the <br />methodology used to calculate the fee. The school impact fees use an incremental expansion <br />approach, which documents the current level of service for public facilities in both quantitative <br />and qualitative measures. The intent is to use impact fee revenue to expand or provide <br />additional facilities, as needed to accommodate new development, based on the current level of <br />service and cost to provide capital improvements. All school levels are included in the fees. <br />Costs for school buildings, land for school sites, portable classrooms, support facilities, and <br />buses/vehicles are included, in the fee. The costs are adjusted to account for estimated State <br />funding for capacity projects; therefore the fees reflect the County's share of the total costs. <br />Finally, a credit for future principal payments on existing debt is included. <br />Figure 3. Impact Fee Methodology Charl~ Orange County Schools <br />IMPACT FEe <br />Residential <br />Development <br />Students per Housing tiiut by Multiplied I3y Net Local Capital <br />Type of unit (Student Generation Rate) Cost per Student <br />School ConsimcHon <br />Cost per5tudent <br />Plus Land <br />Cost per Student <br />Plus Portable Classroom <br />Cost per Student <br />Plus Support Faality <br />Cost per Student <br />Plus Bus/Vchicle <br />Cost per Student <br />Minus Prinopal Payment Credit <br />Per Student <br />Tischler~~~: ~ ~~ <br />tlac2, Udo~nic&.PlSxnln~ Crnmtl~nR- <br />