AG 2003 01 06 07 - Laserfiche WebLink

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DRAFT 01/02/03 (UNEDITED) -7- H. The establishment of a School Impact Fee is consistent with and is necessary for implementing the Cabarrus County Comprehensive Plan; necessary to ensure that Developments are assessed for their impacts to the School System; and necessary to ensure coordination of new Residential Construction with the provision of School Facilities. I. After a three (3) year period from the Effective Date of this Ordinance, this Ordinance will be subject to review pursuant to Sec. 7-6 herein. J. Any deficiencies which currently exist in capacity of the School System capital improvements will be addressed with revenues other than School Impact Fees. K. The Board considered the short and long term public and private costs and benefits of the proposed School Impact Fee Ordinance and the School Impact Fee Study and has determined that sufficient information has been provided to enable the Board to act. Sec. 7.5 Adoption of Impact Fee Study The Board hereby adopts and incorporates by reference the School Impact Fee Study by Tischler & Associates, Inc. entitled "School Impact Fees," dated and as supplemented pursuant to Sec. 7-6 of this Ordinance. Sec. 7.6. Review. A. The Impact Fee Study may be reviewed by the Board, at least once every three (3) years. The purpose of this review is to demonstrate that this Impact Fee does not exceed reasonably anticipated costs associated with growth necessitated capital improvements. In the event the review of the Impact Fee Study required by this section alters or changes the assumptions, conclusions and findings of the School Impact Fee Study accepted by reference in Sec. 7-5 then such study shall be amended and updated to reflect the assumptions, conclusions and findings of such reviews and the School Impact Fee shall be amended in accordance therewith. C. The initial and each subsequent review shall include all of the following that is to be compiled into a report: 1. Recommendations on amendments, if appropriate, to these procedures; 2. Proposed changes to the Capital Improvements Program, including the identification of school facility projects anticipated to be funded wholly or partially with School Impact Fees; 3. Proposed changes to the School Impact Fee Schedule; 4. Proposed changes in the School Impact Fee calculation methodology;