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not exceeding 1100 of capacity as determined by the Kannapolis <br />and Cabarrus School Systems. <br />o Where school facilities will not be adequate based on existing <br />and projected enrollment, new development will be expected to <br />address this inadequacy based on the cost incurred by Cabarrus <br />County for school capital facilities. The Board of Commissioners <br />may consider direct or indirect contributions to the adequacy of <br />schools in the form of cash contributions, dedication of land in <br />a suitable area based on the Cabarrus County Schools 15 Year <br />Plan, or infrastructure improvements that will directly benefit <br />school sites. A combination of these methods may also be <br />considered. In no case shall the value of the contribution be <br />less than 60.5720 of the incurred capital cost by type of <br />development as identified by the TischlerBise study and adjusted <br />for construction costs changes each January lst. <br />o Any method proposed to address school adequacy whether through <br />monetary contribution, land donation or services shall be paid <br />or completed prior to the issuance of any affected building <br />permit within the subject development. The method to address <br />adequacy and requirement that it shall be completed prior to <br />building permits being issued shall be included in the Consent <br />Agreement. <br />o New development within the corporate limits of any of the cities <br />located in Cabarrus County shall also be subject to the adequacy <br />review through the Cabarrus County Subdivision Regulations <br />Chapter 4, Section 17 "Adequate Public Facilities Standards" as <br />provided for by Session Law 2004 -39, House Bill 224, which <br />became effective June 30, 2004. This review shall include <br />existing school capacity as well as the additional capacity of <br />schools under construction or for which funding of construction <br />has been approved. In addition, the review shall include the <br />existing enrollment and estimated enrollment based on previously <br />approved development. School adequacy shall be defined as that <br />estimated enrollment not exceeding 1100 of capacity as <br />determined by the Kannapolis and Cabarrus School Systems. <br />o The Board of Commissioners requests that each of the cities <br />require new development to enter into a consent agreement with <br />Cabarrus County to address school adequacy as part of the <br />municipality's approval of that development. That consent <br />agreement shall be subject to approval by the Board of <br />Commissioners. <br />o Any party wishing to obtain a voucher for or reimbursement of <br />the adequate public facilities contribution must be actively <br />working with a recognized non profit housing agency or <br />government entity and shall provide the following documentation <br />to the Cabarrus County Commerce Department to meet the <br />qualifications: Any applications to a 501(c) (3) non profit <br />organization or government agency which develops affordable <br />owner occupied housing such as Habitat for Humanity, Prosperity <br />Unlimited, LLC, and the Concord or Kannapolis Community <br />Development Departments; and a letter from the recognized 501(c) <br />(3) and /or government agency certifying completion of all <br />required program requirements; and income documentation that <br />accompanied the aforementioned applications. Eligible <br />applicants will be required to have household incomes at or <br />below 800 of the current HUD published area median income for <br />the Charlotte, North Carolina MSA. Any reimbursement will <br />F -1 <br />Attachment number 3 <br />Page 93 <br />