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AG 1999 06 21
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AG 1999 06 21
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Last modified
3/25/2002 6:00:16 PM
Creation date
11/27/2017 11:49:25 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/21/1999
Board
Board of Commissioners
Meeting Type
Regular
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years that was earmarked for school construction was determined. The amount <br /> of grant money per new dwelling unit was then subtracted from the total amount <br /> of new school capital cost per new dwelling unit. <br /> <br />The credits described above amounted to $978 per dwelling unit in the <br />Orange County district and $1,349 in the Chapel Hill-Carrboro district.52 When <br />these amounts were subtracted from the capital-cost-per-dwelling-unit figures, <br />the result was a set of adjusted figures amounting to $4,363 per new dwelling <br />unit in the county district and $2,209 per new dwelling unit in the city district. <br /> <br /> A further adjustment was made when it was determined that only one <br />new school in each school unit (in each case an elementary school) would be <br />financed by impact fees. The capital costs attributable to middle school and <br />high school construction were deleted. The result was a set of figures <br />representing the maximum amounts that the county could reasonably charge, <br />given its methods of analysis: Orange County, $1,644 per new residential unit; <br />Chapel HilI-Carrboro, $1,067 per unit.sa <br /> <br />allocated to counties on the basis of their relative average ¢a~,/membership and must be used for <br />public school building capital outlay projects. <br /> <br />52. Revised Report on School Impact Fee Calculation,. at ..... - ,le 10. <br /> <br />53. Id. at 15.3, Table 13. <br /> 52 <br /> <br /> <br />
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