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<br />1 <br /> <br /> <br /> <br /> <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />FEBRUARY 16, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />1 <br />Commerce Dept. - Adequate Public Facilities Voluntary Mitigation <br />Payment Adjustment for 2009 <br />BRIEF SUMMARY: <br />Pursuant to the Cabarrus County Zoning Ordinance Section 15-11, <br />"Mitigation measures that involve the payment of money to the County or <br />School District to defray the per-unit impacts of school facilities must be <br />based on calculated capital costs associated with new construction. The <br />capital costs shall be re-assessed every five years. The Board of <br />Commissioners shall adopt the minimum mitigation amount based upon <br />that calculation and the annual rate of inflation. The Marshall and Swift <br />valuation service shall be the index used to calculate the rate of inflation. <br />The minimum amount of the Voluntary Mitigation Payment shall be <br />adopted at the regular meeting in January of each year." Consequently, <br />staff is providing the Board of Commissioners with the following <br />information based on the requirements of the Zoning Ordinance. <br />Note: This item was tabled by the Board at its January meeting. <br />Additional information requested by the Board at that meeting is attached. <br />REQUESTED ACTION: <br />1. Motion to adopt updated Voluntary Mitigation Payments amounts for <br />2009 in accordance with Cabarrus County Zoning Ordinance Section 15- <br />9.7. <br />2. Determine percentage of Voluntary Mitigation Payment for 2009. <br />3. Motion to adopt resolution. <br />EXPECTED LENGTH OF PRESENTATION: <br />Item# 21 <br />Page 95 of 133 <br />G-7 <br />