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January 3, 2012 (Work Session) Page 924
<br />In calendar year 2013, no more than 198 multi - family apartment
<br />unit permits issued.
<br />2. Mitigation of the pro -rata share of the cost of the planned
<br />capacity, which equals $3,678.00 per multi- family residential
<br />apartment unit, payable prior to building permitting.
<br />Option #3
<br />Consider alternative approval determined by the Board of
<br />Commissioners.
<br />Chairman Poole expressed support for Option No. 2 and placing "Planning
<br />and Development - Reservation of Capacity for Afton Ridge Apartments" on the
<br />January 17, 2012 Agenda as a Consent item. All the commissioners indicated
<br />their approval.
<br />Planning and Development - Adequate Public Facilities Voluntary Mitigation
<br />Payment Adjustment for CY 2012
<br />Susie Morris, Planning and Zoning Manager, presented the following
<br />information relating to the Adequate Public Facilities Voluntary Mitigation
<br />Payment Adjustment for CY 2012:
<br />Pursuant to the Cabarrus County Zoning Ordinance Chapter 15,
<br />Section 15 -9.7, "Mitigation measures that involve the payment of
<br />money to the County or School District to defray the per -unit
<br />impacts of school facilities must be based on calculated capital
<br />costs associated with new construction. The capital costs shall
<br />be re- assessed every five years. The Board of Commissioners shall
<br />adopt the minimum mitigation amount based upon that calculation
<br />and the annual rate of inflation. The Marshall and Swift
<br />valuation service shall be the index used to calculate the rate
<br />of inflation. The minimum amount of the Voluntary Mitigation
<br />Payment shall be adjusted and the new amount shall be effective
<br />January 1 of each year." Consequently, Staff is providing the
<br />Board of Commissioners with the following information based on
<br />the requirements of the Zoning Ordinance.
<br />Performing the required calculations for the adjustment, it shows
<br />that an increase is called for based on the Comparative Cost
<br />Multipliers for Type A construction (fireproofed steel frame) in
<br />the Charlotte NC area.
<br />A summary table showing adjustments that have been made to the
<br />APF VMP is attached.
<br />Based on the information requested by the Board of Commissioners
<br />for the Adequate Public Facilities Voluntary Mitigation Payment
<br />adjustment in 2009, Staff is providing the following amounts to
<br />the Board of Commissioners for consideration for calendar year
<br />2012.
<br />She advised at the January 3, 2011 work session, the Board tabled the
<br />APF VMP Adjustment for CY 2011 to April 4, 2011; at the April 4, 2011 work
<br />session, the Board voted to table the APF VMP Adjustment for CY2011 until the
<br />August work_ session; and at the August 15, 2011 regular meeting, the Board
<br />tabled the APF VMP Adjustment for CY2011 until such time as the North
<br />Carolina Supreme Court renders a decision on the Adequate Public Facilities
<br />Ordinance.
<br />Amount for
<br />VMP based on
<br />Index
<br />Adjustment to
<br />October of
<br />Amount for
<br />2011 (Year 5
<br />VMP based
<br />after
<br />on
<br />Original
<br />original
<br />60.572%
<br />Amount from
<br />study using
<br />Amount for
<br />Amount for
<br />Amount for
<br />Amount for
<br />(CURRENT
<br />TischlerBise
<br />October Cost
<br />VMP based
<br />VMP based
<br />VMP based
<br />VMP based
<br />ADOPTED
<br />Type of Unit
<br />Study
<br />Multiplier)
<br />on 65%
<br />on 60
<br />on 55%
<br />on 50%
<br />POLICY)
<br />Single
<br />Family
<br />Detached
<br />$12,425.00
<br />$13,605.38
<br />$8,843.49
<br />$8,163.23
<br />$7,482.96
<br />$6,802.69
<br />$8,241.05
<br />Town home
<br />$6,590.00
<br />$7,216.05
<br />$4,690.43
<br />$4,329.63
<br />$3,968.83
<br />$3,608.03
<br />$4,370.91
<br />Multi -
<br />Family /Other
<br />$5,988.00
<br />$6,556.86
<br />1 $4,261.96
<br />1 $3,934.12
<br />1 $3,606.27
<br />$3,278.43
<br />$3,971.62
<br />She advised at the January 3, 2011 work session, the Board tabled the
<br />APF VMP Adjustment for CY 2011 to April 4, 2011; at the April 4, 2011 work
<br />session, the Board voted to table the APF VMP Adjustment for CY2011 until the
<br />August work_ session; and at the August 15, 2011 regular meeting, the Board
<br />tabled the APF VMP Adjustment for CY2011 until such time as the North
<br />Carolina Supreme Court renders a decision on the Adequate Public Facilities
<br />Ordinance.
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