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CABARRUS COUNTY <br />BOARD OF • • <br />* REGULAR MEETING <br />1 <br />`�iri�JJ1 /J� <br />6: 30 P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Planning and Development - Adequate Public Facilities Voluntary <br />Mitigation Payment Adjustment for CY 2012 <br />BRIEF SUMMARY: <br />Pursuant to the Cabarrus County Zoning Ordinance Chapter 15 Section <br />15 -9.7, "Mitigation measures that involve the payment of money to the <br />County or School District to defray the per -unit impacts of school facilities <br />must be based on calculated capital costs associated with new <br />construction. The capital costs shall be re- assessed every five years. The <br />Board of Commissioners shall adopt the minimum mitigation amount <br />based upon that calculation and the annual rate of inflation. The Marshall <br />and Swift valuation service shall be the index used to calculate the rate of <br />inflation. The minimum amount of the Voluntary Mitigation Payment shall <br />be adjusted and the new amount shall be effective January 1 of each <br />year." Consequently, Staff is providing the Board of Commissioners with <br />the attached information based on the requirements of the Zoning <br />Ordinance. <br />REQUESTED ACTION: <br />Motion to deferr this item until the results of the litigation of the Adequate <br />Public Facilities Ordinance is known. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Rich Koch, Cabarrus County Attorney <br />Susie Morris, Planning and Zoning Manager <br />F -6 Page 169 <br />