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Attachment 4C <br /> 4131 <br /> Example of Cost Recovery <br /> Example for 1,000 new single family detached dwellings in the <br /> Chapel Hill — Carrboro City Schools District <br /> PLEASE NOTE: Numbers are rounded to the nearest whole number for example <br /> 100% MSIF Example <br /> Number of students Generated (at all levels) <br /> [0.603 x 1000 = 603] 600 <br /> Maximum Supportable Impact Fee per Dwelling <br /> [actual is $19,039] $19,000 <br /> Impact Fee Collected on 1,000 new dwellings if <br /> MSIF imposed $19,000,000 <br /> Approximate cost of school for 600 students <br /> (not including land costs) $24,600,000 <br /> Deficit if impact fee is increased to MSIF <br /> (other fund sources would be necessary to ($5,600,000) <br /> compensate for this amount) <br /> 60% MSIF Example <br /> Impact Fee Collected on 1,000 new dwellings if <br /> impact fee is set at 60% of the MSIF [$11,400] $11,400,000 <br /> Deficit if impact fee is increased to 60% of MSIF <br /> (other fund sources would be necessary to ($13,200,000) <br /> compensate for this amount) <br /> 27% MSIF Example <br /> Impact Fee Collected on 1,000 new dwellings if <br /> impact fee is set at 27% of the MSIF [$5,000] $5,000,000 <br /> Deficit if impact fee is increased to 27% of MSIF <br /> (other fund sources would be necessary to ($19,600,000) <br /> compensate for this amount) <br />