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Memorandum <br />Page 3 <br />May 13, 1997 <br /> <br />A mediating step could be to establish a building permit allocation system (building <br />permit caps). It would follow a similar process to the "APFO" but be tied to school <br />building projects funded by other sources. <br /> <br />Them would be an impact on commercial development and negative publicity could <br />impede industrial development. <br /> <br />B. Outcomes <br /> <br />An extended moratorium with or without building caps would probably impact <br />lower cost housing the most, basically pushing housing costs up on existing housing <br />units and limiting most new housing to high end units. <br /> <br />Control of the number of new housing units into the system could reduce the <br />number of new school students but without new revenues, school construction <br />would still fall to the property tax rate. <br /> <br />Summary_: <br /> <br />The Alternative Revenue Task Force's recommendations were the best solution. Implementation of <br />the "APFO" with or without a residential construction moratorium will be litigated and time <br />consuming. The implementation ofany"APFO" fee structure will be seen as abusive by the building <br />industry, applicable only to new construction and litigated. <br /> <br />Ii'we pursue the "APFO," hopefully we would always extend the option that if given the opportunity <br />to have a local option sales tax and/or land transfer tax, the "APFO" could be modified or repealed. <br />This might give the building industry an incentive to work toward the implementation of the sales <br />tax/transfer tax options. <br /> <br />This memorandum is provided for reference purposes only. Jonathan Marshall's submittal will be <br />more detailed and factual. <br /> <br />Respectfully, <br /> '~ Jr. <br />County Mahlager <br /> <br />FWC/sb <br />Attachments <br />cc: Fletcher Hartsell <br /> <br /> <br />