Agenda - 10-14-2008 - 3 - Laserfiche WebLink

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Attachment 1 0 Adopted Educational Facilities Impact Fees and Results of 2007 Study Impact fees were last updated in 2001 and were adopted at the following levels: Adopted School Impact Fees (2001) [NOTE: Fee levels were adopted at 60% of the Maximum Supportable Impact Fee MSIF) for CHCCS and 56% of the MSIF for OCS] Chapel Hill-Carrboro Orange County Schools Schools Single-Family & Multi-wide $4,407 $3,000 Manufactured Homes Multi-Family & Single-wide $1 979 $1,420 Manufactured Homes Since 2001, construction costs have risen dramatically and land prices have appreciated. For example, as the chart on page 16 of the Chapel Hill-Carrboro City Schools draft report shows, when Scroggs Elementary was constructed in Fall 2000 the project cost was slightly higher than $17.5 million (adjusted to 2007 dollars) while Morris Grove Elementary, constructed in the Fall of 2008, cost slightly more than $24.6 million (adjusted to 2007 dollars). Additionally, land costs have risen substantially in the CHCCS District and buildable parcels of a size suitable for a school have gotten scarce. It is estimated that land acquisition costs in the CHCCS will be $100,000 per acre for sites suitable for a school. The 2007 TischlerBise study has found the following Maximum Supportable Impact Fee (MSIF) for each district: 2007 Stud Maximum Supportable Im pact Fees Chapel Hill-Carrboro Schools Orange County Schools Sin le-Famil Detached $19,039 $9,372 Sin le-Famil Attached $11,016 - Multifamil $2,144 ~ - Single-Family Attached / Multifamil _ $2;905 Manufactured Homes $8,232 $4,463 Since 1995, Orange County has offered an impact fee reimbursement program for school impact fees paid on affordable housing units. From FY2002-03 through FY2007-08, $196,698 in collected impact fees has been reimbursed for the 59 affordable housing units constructed in that time period. As was done when the impact fees were updated in 2001 (adopted at 56% of the Maximum Supportable Impact Fee [MSIF] in OCS and 60% MSIF in CHCCS), the BOCC has discretion to adopt fee bevels at less than 100% of the Maximum Supportable Impact Fee.