AG 2004 10 04 RECESSED - Laserfiche WebLink

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based on the cost incurred by Cabarrus County for school capital facilities. The Board of Commissioners may consider direct or indirect contributions to the adequacy of schools in the form of cash contributions, dedication òf land in a suitable area based on the Cabarrus County Schools 15 Year Plan, or infrastructure improvements that will directly benefit school sites. A combination of these methods may also be considered. In no case shall the value of the contribution be less than 50% of the incurred capital cost of $8067 which is $4034 for single family units. The student generation rate for multi-family units is approximately 1/3 that of the generation rate of single family homes based on a Commerce Department survey of Cabarrus housing and based on national studies. Therefore the value of contribution for multifamily and townhouse units shall not be less than 33% of the single family contribution or $1331 per unit. The capital cost, and therefore the required value of contribution shall be indexed annually to reflect changes in the cost of construction. The annual construction index shall be based on the Turner Building Cost Index and the ENR Building Cost Index and the re- calculated rate shall be publicized. . New development within the corporate limits of any of the cities I'bcated in Cabarrus County shall also be subject to the adequacy review through the Cabarrus County Subdivision Reaulations Chapter 4, Section 17 "Adequate Public Facilities Standards". All new residential units shall be reviewed for the adequacy of school facilities. This review shall include existing school capacity as well as the additional capacity of schools under construction or for which funding of construction has been approved. In addition, the review shall include the existing enrollment and estimated enrollment based on previously approved development. School adequacy shall be defined as that estimated enrollment not exceeding 110% of capacity as determined by the Kannapolis and Cabarrus School Systems. . The Board of Commissioners requests that each of the cities require new development to enter into a consent agreement with Cabarrus County to address school adequacy as part of the municipality's approval of that development. That consent agreement shall be subject to approval by the Board of Commissioners. Adopted this the 20th day of September, 2004 rrus County Board of Commissioners ATTEST: J~~.~ Frankie F. Bonds, Clerk to the Board 1