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1 <br /> <br /> <br /> <br /> <br />l <br /> <br />Memo <br />To: Cabarrus County Board of Commissioners <br />From: Susie Moms, Planning and Zoning Manager <br />CC: File <br />Date: 1 /13/2009 <br />Re: Adequate Public Facilities Voluntary Mitigation Payment Adjustment for Schools <br />Pursuant to the Cabarrus County Zoning Ordinance Section 15-11, "Mitigation measures that involve the payment of <br />' money to the County or School District to defray the per-unit impacts of school facilities must be based on calculated <br />capital costs associated with new construction. The capital costs shall be re-assessed every five years. The Board of <br />Commissioners shall adopt the minimum mitigation amount based upon that calculation and the annual rate of inflation. <br />' The Marshall and Swift valuation service shall be the index used to calculate the rate of inflation. The minimum amount <br />of the Voluntary Mitigation Payment shall be adopted at the regular meeting in January of each year." Consequently, <br />Staff is providing the Board of Commissioners with the following information based on the requirements of the Zoning <br />Ordinance. <br /> <br />i <br /> <br /> <br /> <br /> <br /> <br />J <br />J <br />Performing the required calculations for the adjustment, it shows that an increase in the Voluntary Mitigation Payment is <br />called for based on the Comparative Cost Multipliers for Type A construction (fireproofed steel frame) in the Charlotte <br />NC area. The proposed adjusted amounts to be adopted by the Board of Commissioners for the Voluntary Mitigation <br />Payment are as follows: <br />Type of Unit Current Total Current Amount Adjusted 65% of the Proposed <br /> Amount of for Voluntary Amount for Adjusted Amount to be <br /> Voluntary Mitigation Voluntary Amount for Adopted <br /> Mitigation Payment Based Mitigation Voluntary Based on <br /> Payment on Payment for Mitigation Commissioner <br /> Commissioner Year 2009 " Payment for Policy of 65% <br /> Policy of 65°k Year 2009 <br />Single Family <br />Detached $13,257.48 $8,617.36 $14 275.23 $9,278.90 $9 279.00 <br />Townhouse $7,031.53 $4,570.49 $7,571.33 $4,921.36 $4,921.00 <br />Multi-Famil /Other $6,389.20 $4,152.98 $6,879.69 $4,471.80 $4,472.00 <br />* Comparafive Cast Multipliers for October 2007 based on Marshall and Shift Valuatron of 1.064 for Charlotte NC and a com~ction factor of 1.012 as <br />listed for December 2008. <br />These amounts would be applicable to all projects seeking Reservation of Capacity Certificates submitted during <br />calendar year 2009. <br />Staff requests that the Board consider adopting these amounts for the purposes of adjusting the Voluntary Mitigation <br />Payment as called for in the Adequate Public Facilities section of the Zoning Ordinance. <br />Item# 16 <br />Attachment number 1 <br />G - 5 Page 204 of 253 <br />