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Chair Jacobs said that there is no easy way to talk about this. He said that if the public <br /> is going to be told that the costs have risen dramatically, he would like to have some numbers. <br /> If there is going to be a case to the public, the whole idea is to tie it to the cost of building the <br /> buildings. <br /> Steve Halkiotis said that he remembers the debate that took place on this issue with the <br /> OCS Board, and it was rather heated at times. He said that OCS has been fortunate in that the <br /> revenue stream has been pretty steady with regard to impact fees. He asked the County <br /> Commissioners to please keep the OCS Board posted on this. He was under the assumption <br /> that the County Commissioners had already discussed this. <br /> Commissioner Gordon said that the school boards should know that the County <br /> Commissioners are going to collaborate and join with the school boards to figure this out. The <br /> Board of County Commissioners has every intention of consulting with the school boards on the <br /> impact fees. <br /> She said that it seems that there are two different decisions on this. She thinks that the <br /> Board should sign off on the student generation rates before it decides whether to levy the <br /> impact fees. She also asked that there be a little bit of preparation so that the public <br /> understands what this is all about. Also, on December 1, 2008, it says, "BOCC adopts updated <br /> impact fee levels." She said that this might not be a good date because it is the date that the <br /> new Board of County Commissioners comes online. <br /> Jean Hamilton said that the impact fee could affect the demand for new construction. <br /> She suggested looking at the impact fee in this larger sense of controlling growth. <br /> Anne Medenblik said that, even though there are impact fees, the markets have been <br /> very volatile. This also leaves a section of the population without the ability to purchase homes. <br /> Mike Kelley said that he is struck by the fact that in CHCCS, the growth has continued <br /> despite the fact that the number of housing starts are going down. The growth is continuing <br /> outside the realm of the marketplace of housing. <br /> Chair Jacobs said that it would also seem that an indirect consequence of an adverse <br /> impact on new housing would be a positive impact upon the existing housing because there is a <br /> limited housing stock, and therefore, one affect would be that those that own housing would see <br /> an increase in the demand. <br /> Pam Hemminger pointed out that about a third of CHCCS students live in apartments, <br /> which are not included in school impact fees. <br /> Commissioner Nelson made reference to the process and agreed with Chair Jacobs that <br /> the County Commissioners need facts and evidence and a consistent philosophy about why this <br /> is important. He also asked why this could not be done every year and the impact fee could be <br /> based on inflation, etc. so that people are not getting a huge increase all at once. He said that <br /> an impact tax is much fairer to people than an impact fee, and he would like to revisit this issue. <br /> 3. Draft School Districts Local Current Expense Fund Balance Policy <br /> Donna Coffey said that for a couple of years now, the School Collaboration Work Group <br /> has worked on the fund balance policy, and she thinks that there is a draft that everyone seems <br /> to be pleased with. The policy sets the recommended fund balance at 5.5% of budgeted <br /> expenditures for the CHCCS and 3% for OCS. These are targeted amounts. There was also <br /> language added about the extraordinary emergency needs, should an occasion arise, such as a <br /> roof blowing off of a school, etc. <br /> Steve Halkiotis said that Ted Triebel brought him up to speed on these deliberations. He <br /> said that the collaboration meetings are going very well. There is language about a policy <br /> review every 18 months. Some of the minute by minute details were removed. He made <br /> reference to the Regional North Carolina School Board Association meeting and said that he is <br /> concerned that a charter school is suing Charlotte-Mecklenburg Schools and was successful in <br /> the first lawsuit and is now going after the school system's fund balance. He finds it incredible <br />