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January 5, 2009 (Work Session) Page 1121 Single Family Detached $13,257.98 $8,617.36 $19,275.23 $9,278.90 $9,279.00 Townhouse $7,031.53 $4,570.99 $7,571.33 $9,921.36 $9,921.00 Multi- Famil /Other $6,389.20 $4,152.98 $6,879.69 $9,471.80 $4,972.00 * Comparative Cost Multipliers for October 2007 based on Marshall and Swift Valuation of 1.064 far Charlotte NC and a correction factor of 1.012 as listed for December 2008. Ms. Morris reported if this adjustment is adopted by the Board, it would apply to any projects seeking Reservation of Capacity Certificates submitted during calendar year 2009. Vice Chairman Mynatt stated that cons and people in the construction business are our current economy. She further stated it to waive this increase for 2009, noting builders and home purchasers caused by mitigation payment. truction of housing is declining having a very difficult time in would be prudent for the County the additional burden to home an increase of the voluntary In response to a question from Chairman White, Ms. Morris reported the Comparative Cost Multiplier of 1.069 was used for a fireproofed steel frame because those frames are used in school construction. Chairman White voiced his agreement with Vice Chairman Mynatt's comments, noted the need for a more formal discussion, and suggested the Board place the item on the Agenda as a New Business item. UPON MOTION of Vice Chairman Mynatt, seconded by Commission Poole, and unanimously carried, the Board voted to place the Adequate Public Facilities Voluntary Mitigation Payment Adjustment for 2009 on the January 20, 2009 Agenda as a New Business item. Ms. Morris reported a text amendment may be needed if the Board chooses to waive the adjustment or change the percentage for adjustment used in the policy. Commerce Department - Consent Agreement for the Wyndham Eatatee Subdivision Projeat Susie Morris, Planning and Zoning Manager, presented the following information related to the Consent Agreement for the Wynham Estates Subdivision Project: The Wyndham Estates subdivision was approved by the Town of Midland Planning and Zoning Board on November 7, 2007. The project consists of 69 single-family residential lots on +/-60.68 acres located on Old Camden Road. The specifics of the agreement are as follows: • Developer - Wyndham Estates, LLC, 1101 Lester Mullis Road, Indian Trail, NC 28079. • Payment of $4,034.00 per lot to be paid prior to final platting. • Build out schedule is no more than 69 lots platted in 2009. The APFO worksheet filled out by Mr. Robert Kluttz with Cabarrus County Schools indicates that schools impacted by the Wyndham Estates subdivision are currently functioning at the following capacities: Bethel Elementary School - 77.93$ C.C. Griffin Middle School - 12B.85~ Central Cabarrus High School - 81.04 Including previously approved subdivisions and additional capacity from funded improvements in the 2008-2009 Capital Improvement Plan (CIP), these schools will be functioning at the following capacity upon completion of the Wyndham Estates subdivision: Bethel Elementary School - 117.20 C.C. Griffin Middle School - 113.82 Central Cabarrus High School - 71.36 The Capital Improvement Plan includes the A.T. Allen Elementary School replacement. This project is slated for funding in FY 2009 and will provide relief to A.T. A11en and Bethel Elementary Schools. A new elementary school south of Harrisburg is also included in the CIP with funding slated for 2013. This project will provide relief for Harrisburg and Bethel Elementary Schools. A southwest area middle