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January 22, 2008 (Regular Meeting) <br />Page 694 <br />Adopted this the 22 day of January, 2008 by the Cabarrus County Board of <br />Commissioners. <br />/s/ H. Jay White, Sr. <br />H. Jay White, Sr., Chairman <br />Cabarrus County Board of Commissioners <br />ATTEST: <br />/s/ Kay Honeycutt <br />Kay Honeycutt, Clerk to the Board <br />(G-4) Annual Adjustment to Voluntary Mitigation Payment Amounts for Schools <br />Susie Morris, Planning and Zoning Manager, reviewed the proposed <br />Adequate Public Facilities Voluntary Mitigation Payment (VMP) adjustment for <br />schools for 2008 as follows: <br /> Proposed <br /> Current 65 Percent Amt. to be <br /> Amt. for of the Adopted <br /> Current VMP Based Adjust Based on <br /> Total on BOC Adjusted Amt. for BOC Policy <br /> Amount of Policy of Amt. - VMP VMP for of 65 <br />Type of Unit VMP 65 Percent for 2008* Year 2008 Percent <br />Single Family <br />Detached $12,925.00 $8,076.00 $13,257.98 $6,617.36 $8,617.00 <br />Townhouse $6,590.00 $9,283.00 $7,031.53 $7,031.53 $9,571.00 <br />Multi- <br />Family/Other $5,998.00 $3,892.00 $6,389.20 $6,389.20 $9,153.00 <br />*Comparative cost multipliers for October 2006 based on Marshall and Swift <br />Valuation of 1.063 for Charlotte, N.C. and a correction factor of 1.009 as <br />listed for December 2007. <br />She reported the adoption of the annual VMP amounts is a requirement of <br />the Cabarrus County Zoning Ordinance. <br />Vice Chairman Juba MOVED to adopt the Adjusted Voluntary Mitigation <br />Payment Amounts for Schools for 2008 as presented. Commissioner Mynatt <br />seconded the motion. <br />Commissioner Privette stated new residents should pay the entire tax <br />liability, not 65 percent. <br />After Commissioner Mynatt defined "VMP" for the benefit of the viewing <br />audience, the MOTION unanimously carried. <br />Adequate Public Facilitv Ordinance Review Process <br />Jonathan Marshall, Commerce Director, presented the following <br />information related to the Adequate Public Facilities Ordinance (APFO): <br />Purpose: <br />• Establishes phasing standards for new development based on <br />the carrying capacity of Public Facilities; and <br />• Ensures that Public Facilities needed to support new <br />development meet or exceed the Level of Service standards <br />established in this section; and <br />• Ensures that no applications for development approval are <br />approved that would cause a reduction in the levels of <br />service for any Public Facilities below the Adopted Level <br />of Service established in this Section; and <br />• Ensures that adequate Public Facilities needed to support <br />new development are available concurrent with the impacts <br />of such development, or within a reasonable period of time; <br />and <br />• Encourages development in areas where public services are <br />available and underutilized; and <br />• Establishes uniform procedures for the review of <br />development applications subject to the standards and <br />requirements of this Section; and <br />• Establishes standards for the phasing, changes in site and <br />development design, or proffering of public facilities in <br />order to establish flexibility, avoid the unreasonable <br /> <br />