BC 2009 09 21 Regular Meeting - Laserfiche WebLink

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September 21, 2009 (Regular Meeting) In calendar year 2010, apartment unit permits In calendar year 2011, apartment unit permits In calendar year 2012, apartment unit permits In calendar year 2013, apartment unit permits In calendar year 2019, apartment unit permits no more issued; no more issued; no more issued; no more issued; no more issued. Page 1633 than 11 multi-family than 11 multi-family than 11 multi-family than 11 multi-family than 59 multi-family 2. Mitigation of the pro-rata share of the cost of the planned capacity, which equals $4,153.00 per multi-family residential apartment unit, payable prior to the issuance of building permitting. Or 1. That the Board adopt the phasing schedule and mitigation payment timing proposed by the applicant. The applicant is requesting to purchase all 106 building permits at once and as early as December 2009. The applicant is requesting to pay the pro-rata share of the cost of the planned capacity, which equals $4,153.00 per multi-family residential apartment unit, for all 106 units in a lump sum payment of $490, 218.00 prior to the issuance of the first building permit. Or 1. That the Board propose a different phasing schedule for development. Ms. Watts also informed the Board that the numbers have been revised for the Reservation of Capacity using the 10th-day enrollment figures from September 8, 2009, and that the elementary and middle schools have not reached capacity. Currently, a mobile home park is situated there. As of September 8, 2009, only 771 students were enrolled at Cox Mill High School. She reminded the Board that at the work session, Ms. Cathy Connors, representative for Solstice Partners, LLC, spoke of the need to purchase all 106 building permits at once as early as December 29t" and proposed to make a lump sum payment for all 106 units prior to the issuance of the first building permit. She noted a letter outlining these requests was included in the agenda and stated the availability of Ms. Connors to respond to questions. Commissioner Carruth stated the Board may issue the building permits but questioned whether the occupancy permits should be released based on the phasing schedule. Ms. Watts responded that would be an option to consider and that issue was discussed with Ms. Connors. She reiterated that the request is to get all of the building permits at one time and according to Ms. Connors' letter, all of the certificates of occupancy must be issued by December 31, 2011 in order to receive the Federal housing tax credits. Commissioner Carruth commented on the relocation of 56 students/former residents of the existing mobile home park to other schools in the community. He noted there may be a net loss of 26 students, theoretically, but some of them may move back to the apartment complex. Ms. Watts responded the property is currently called the Farrington West Mobile Home Park and these 56 students attend the respective schools: Winecoff, Northwest Cabarrus Middle, and Northwest Cabarrus High School. She stated the mobile homes are being sold, some of the students may remain in the county, some may not and others may move to other local housing. At present, she said there is no way to know. Ms. Watts responded several questions from the Board related to whether or not previously approved developments were included in the Reservation of Capacity numbers. It was noted that many approved developments have not been built out. Vice Chairman Mynatt voiced concerns about the many idle and bankrupt developments. She noted she is aware that the opportunity to develop goes with the land, but stated it seems unfair to charge a fee to a current applicant while accounting for another developer that may not show up for another five or ten years.