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February 16, 2009 (Regular Meeting)
<br />m...,nam Redncti nn in School Anorouriations of 2.98 Due to Economic Conditions.
<br />Page 1260
<br />Account
<br />Number ACCOUnt Name Approved Budget Increase
<br />Amount Decrease
<br />Amount Revised Budget
<br />00161310-6011, .Property Tax Current $121,102,933.00 :$926,359.00 5122,031,287.00
<br />00161310-6012 .Property Tax Delinq._. 5950,000.00 5223, 326.00 '$1,173,328.00
<br />00161310-6013- Vehicles Tax Curxentr 58,397,695.00 $929,072.00'. 58,821,767.00
<br />00197110-9701 'CCS-Current 536,732,891.00 '$68,259.00 ;536,669,637.00
<br />00197110-9732 CCS-Build 55,867,067.00 5170, 196.00. -$5,696,991.00
<br />00197110-9737 CCS-Grounds -51,365,672.00-
<br />. 539, 609.00
<br />_ 51, 326, 068.00
<br />00197210-9701 CCS-Capital) .53,500,000.00'. $101,573.00
<br />_. 53, 398, 927 .00
<br />00197110-9702 KSC-Current- '.55, 033, 115.00 527, 000.00 $5,006,115.00
<br />00197110-9733 KSC-Build .5862,913.00. $83,000.00. 5779,913.00
<br />00197110-9738' -KSC-Grounds- 5205,320.00 57, 500.00' 5197,628.00
<br />00197210-9702 KSC-Capital 5766,615.00 52, 000.00: '$769,815.00
<br />-00191960-9707 Cont to Capital Res._I $8,973,261.00. .51,076,677.00' 57,896,569.00
<br />(G-7) Commerce Department - Adequate Public Facilities Voluntary Mitigation
<br />Payment Adjustment for 2009
<br />Susie Morris, Planning and Zoning Manager, presented the following
<br />information regarding the Adequate Public Facilities Voluntary Mitigation
<br />Payment Adjustment for 2009:
<br />Pursuant to the Cabarrus County Zoning Ordinance Section 15-9.7,
<br />"Mitigation measures that involve the payment of money to the
<br />County or School District to defray the per-unit impacts of
<br />school facilities must be based on calculated capital costs
<br />associated with new construction. The capital costs shall be re-
<br />assessed every five years. The Board of Commissioners shall adopt
<br />the minimum mitigation amount based upon that calculation and the
<br />annual rate of inflation. The Marshall and Swift valuation
<br />service shall be the index used to calculate the rate of
<br />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 in the Voluntary Mitigation Payment is called
<br />for based on the Comparative Cost Multipliers for Type A
<br />construction (fireproofed steel frame) in the Charlotte NC area.
<br />The proposed adjusted amounts to be adopted by the Board of
<br />Commissioners for the Voluntary Mitigation Payment are as
<br />follows:
<br /> Amount for
<br /> VMP based
<br /> on Index
<br /> Adjustment
<br /> to October
<br /> of 2008
<br /> (Year 2
<br /> after
<br /> original Amount Amount
<br /> Comparative study for VMP fox VMP
<br /> Original Cost using based on based on
<br /> Amount from Current Multiplier October current proposed
<br /> TischlerBise Adopted (October Correcting 2006 as 65~ 60.5728
<br />Type of Unit Stud VMP 2006 ) Factor Multiplier base) Polic Policy
<br />Single
<br />Family
<br />Detached $12,925.00 58,617.00 1.131 1.012 1.195 $19,226.63 $9,297.31 $8,617.00
<br />Town home $6,590.00 59,571.00 1.131 1.012 1.195 $7,595.55 $9,909.61 $9,571.00
<br />Multi-
<br />Family/Other
<br />55,988.00
<br />59,153.00
<br />1.131
<br />1.012
<br />1.195
<br />56,856.26
<br />$9,956.57
<br />$9,153.00
<br />These amounts would be applicable to all projects seeking
<br />Reservation of Capacity Certificates submitted during calendar
<br />year 2009.
<br />Staff requests that the Board consider adopting these amounts for
<br />the purposes of adjusting the Voluntary Mitigation Payment as
<br />called for in the Adequate Public Facilities section of the
<br />Zoning Ordinance.
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