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Fort Mill School District Impact Fee Presentation York County - - PowerPoint PPT Presentation
Fort Mill School District Impact Fee Presentation York County - - PowerPoint PPT Presentation
Fort Mill School District Impact Fee Presentation York County Council Public Hearing McCelvey Center June 27, 2018 Our Story Our Mission In the tradition of excellence, Fort Mill Schools place Children First . . . Every Day by providing
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- Fort Mill surpasses the state and national averages
in ACT, SAT and AP Exam scores
- Numerous academic, athletic and band state
champions
- State and nationally recognized programs
- Multiple state and national administration and
teacher awards
- Class of 2018 awarded $31 million in scholarships
Our Story
Tradition of Excellence
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Our Story
Fort Mill has experienced an average of 6% annual growth since 2002.
The district has built 7 elementary schools, 5 middle schools, 2 high school and expanded 5 school sites since 1996.
New Schools Approved for Construction
- Elementary School #10 & 11 opening Aug. 2020
- Middle School #6 opening Aug 2021
Our public has approved $653.3 million in bonds to build or expand schools since 1996.
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Impact Basics
- A fee imposed on a new development to pay for
all or a portion of the costs of providing public services.
- Fees are collected on new construction only.
- Designed to allow “Growth to pay for growth.”
What is an Impact Fee?
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Impact Fee History
1996 Initial Impact Fee
- Fort Mill School District implemented a $2,500
impact fee (original recommended amount $5,038) prior to the state law change.
2016 Legislation Change
- The S.C. Legislature removed the block on new
impact fees allowing districts and municipalities to implement a new impact fee.
2017–2018 Fee Request
- Under the new legislation the district requested a
new impact fee and contracted with TischlerBise to conduct an impact fee study.
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Impact Basics
- Basic legal requirements are need, benefit, and
proportionality
- Spend within 3 years of scheduled construction date
- Publish an Annual Monitoring Report
- Review and update every 5 years
- Fee changes require an updated study
- Requires an analysis of the effect on affordable
housing in the district
South Carolina Impact Fee Requirements
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Land purchase New facilities/improvements at
current levels of service
Furniture/fixtures Excess capacity in existing facilities
Impact Fees Can Only Be Used For
Impact Basics
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Fee Calculation
Single Family
* Includes mobile homes
- Total Number of Housing Units 25,303
- Students per grade level
- Elementary – 6,268
- Middle – 2,995
- High – 3,693
- Student generation per grade level
- Elementary – 0.248
- Middle – 0.118
- High – 0.146
Total Single Family Unit Student Generation Rate
0.512 per dwelling
Multifamily
* Includes townhomes
- Total Number of Housing Units 6,485
- Students per grade level
- Elementary – 1,092
- Middle – 505
- High – 608
- Student generation per grade level*
- Elementary – 0.168
- Middle – 0.078
- High – 0.094
Total Single Family Unit Student Generation Rate
0.34 per dwelling
* One of the highest multifamily rates seen by the consultant in the country.
Student Generation Rates by Housing Type
Source: Housing unit estimates provided by the Catawba Regional Council of Governments. Student information compiled by Dr. Dale Holden based on geo-coded data from the Fort Mill School District.
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Projected E nrollment
2017–2018: 15,113 Increase of 9,469 students. 2027–2028: 24,582
Base Year 10 Year Projection 10 Year Utilization
With no additional schools constructed
In order to support the growing student population, the district must continue to build new facilities.
Elementary
127%
Middle
153%
High
109%
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Fee Calculation
Building Square Footage
112.66
High School
Current level of service per student and construction cost by level
Middle School Elementary School
*Land
.0271
Building Square Footage
141.92
*Land
.0387
Building Square Footage
163.29
*Land
.0386
Construction Cost
$348/sq.ft.
Construction Cost
$346/sq.ft.
Construction Cost
$305/sq.ft.
*Total average cost of land per acre $87,129
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Fee Calculation
Net Capital Cost Per Student Calculation
Elementary
- Sq. Ft. per Student 112.66
Total Net Capital Cost per Student
$29,629
Cost per Sq. Ft. x $348 $39,161
- Acreage per Student .0217
Land Cost per Acre x $87,129 $2,359
Total Gross Capital Cost per Student $41,521
Total GCC per Student $41,521 *Debt Credits - $11,891 $29,629
Middle
- Sq. Ft. per Student 141.92
Total Net Capital Cost per Student
$40,598
Cost per Sq. Ft. x $346 $49,121
- Acreage per Student .0387
Land Cost per Acre x $87,129 $3,368
Total Gross Capital Cost per Student $52,489
Total GCC per Student $52,489 *Debt Credits - $11,891 $40,598
High
- Sq. Ft. per Student 163.29
Total Net Capital Cost per Student
$41,229
Cost per Sq. Ft. x $305 $49,755
- Acreage per Student .0386
Land Cost per Acre x $87,129 $3,365
Total Gross Capital Cost per Student $53,120
Total GCC per Student $53,120 *Debt Credits - $11,891 $41,229
*Credit calculated by multiplying the existing and future debt principal payments per student by the discount rate of 3.5%.
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Fee Calculation
Maximum allowable fee by law is calculated by multiplying the student generation rate of .51 for single family and .34 for multifamily homes by the net capital cost.
$7,348
Elementary
$4,978 Single Family Multifamily
Middle High
$4,791 $3,167 $6,019 $3,875
$18,158 $12,020 Maximum Allowable Fee:
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Positive Impact
A substantial increase to the current impact fee will have several positive impacts on our community.
- Decrease the Burden on Current Tax Base
- Allow “Growth to Pay for Growth”
- Improved Commercial Business Climate
- Improved District Bond Rating