Preliminary Results Beaufort County School District, …...2012/10/19 · Family Multi-family...

Impact Fee Study OverviewPreliminary ResultsBeaufort County School District, SCDecember 10th, 2019

2TischlerBise | www.tischlerbise.com

40-year consulting practice serving local governments nationwideo Impact fees/infrastructure

financing strategieso Fiscal/economic impact

analyseso Capital improvement planningo Infrastructure finance/revenue

enhancemento Real estate and market

feasibility

Abbeville County Aiken County Anderson

County

Beaufort County

Clover School District

Fort Mill School District

Georgetown County

Greenville County Horry County

Lexington County

Orangeburg County Rock Hill

Summerville York County

Impact Fee Fundamentals


o One-time payment for growth-related infrastructure, usually collected at the time buildings permits are issued

o Cannot be used for operations, maintenance, or replacement

o Not a tax, a contractual arrangement to build infrastructure, with three requirements:o Need - system improvements, not project-level

improvementso Benefito Short range expenditureso Geographic service areas and/or benefit districts

o Proportionate

Impact Fees in South Carolina


o Code of Laws of South Carolina, Section 6-1-910 et seq.o Impact fee revenue must be maintained in an interest

bearing accounto Monies must be spent within 3 years of scheduled date

for construction in the CIPo Must publish an Annual Monitoring Reporto Comprehensive review and update every 5 yearso All maximum allowable fee changes require an updated

studyo Requires an analysis that estimates the effect of

imposing updated impact fees on affordable housing in the District

BCSD Impact Fee Study


o Fee Study Process1. Data Collection2. Student Generation Rate Analysis3. Determine Capital Facility Needso Interviews and quantitative analysis

4. Evaluate Methodologieso Including service areas

5. Credit & Cash Flow Analysis6. Prepare & Present Preliminary Results

o Next Stepso Stakeholder Outreacho Prepare Ordinance and Interlocal Agreements



o Preliminary results have been calculated after reviewing:o South Carolina enabling legislationo Demographic Study Report 2019 (also known as

McKibben Report)o Beaufort County School District FY2020-2029 Ten

Year Plano Beaufort County Transportation Growth Model (from

a parallel fee study for the County)o Including population and housing growth

Service Areas


o Separate levels of service and student generation rates are determined for the North and South of the Broad Service Areas



o North of the Broad Service Area NOT included in the Fee Programo The rational nexus is not met based on the Need

requiremento The current available capacity (classroom seats) is

able to absorb all projected enrollment without requiring any capacity improvements

o Furthermore, there may be a decrease in enrollment

o There are capacity needs in the South Service Area



o Beaufort County School District impact fees have the following cost components:1. Construction of additional classroom space2. Land needed for additions3. School bus fleet



o Level of service (LOS) standards for schools are based on capacity instead of current enrollmento Ensures new development doesn’t pay for a

higher LOSo Only South of the Broad schools included

o To establish proportionately, student generation rates are calculated for single family and multifamily units



o Credit for Future Payments on Current Debt

2019 $12,622,311 20,970 $6022020 $11,452,077 21,387 $5352021 $11,306,630 21,530 $5252022 $9,873,279 21,769 $4542023 $10,348,182 21,698 $4772024 $6,819,930 21,902 $3112025 $6,819,930 22,113 $3082026 $6,819,930 22,330 $3052027 $6,819,930 22,553 $3022028 $6,819,930 22,784 $2992029 $2,346,435 23,021 $1022030 $2,346,435 23,251 $1012031 $2,346,435 23,483 $1002032 $2,346,435 23,718 $992033 $2,346,435 23,955 $982034 $651,105 24,195 $27Total $102,085,409 $4,647

Discount Rate 2.50%Total Credit per Pupil $4,053

Source: Beaufort County School Dis trict CAFR 2018

YearResidential

PrincipalTotal

EnrollmentPayment per

Pupil



o Credit for 2019 Referendumo Option 1: All Projects

2020 $4,750,140 21,387 $2222021 $4,868,894 21,530 $2262022 $4,990,616 21,769 $2292023 $5,115,381 21,698 $2362024 $5,243,266 21,902 $2392025 $5,374,347 22,113 $2432026 $5,508,706 22,330 $2472027 $5,646,424 22,553 $2502028 $5,787,584 22,784 $2542029 $5,932,274 23,021 $2582030 $6,080,581 23,251 $2622031 $6,232,595 23,483 $2652032 $6,388,410 23,718 $2692033 $6,548,120 23,955 $2732034 $6,711,823 24,195 $2772035 $6,879,619 24,437 $2822036 $7,051,610 24,681 $2862037 $7,227,900 24,928 $2902038 $7,408,597 25,177 $2942039 $7,593,812 25,429 $299Total $121,340,700 $5,202

Discount Rate 2.50%Total Credit per Pupil $4,004

Source: TischlerBise estimated payment schedule

Total Enrollment

Payment per PupilYear

Residential PrincipalDecision needed

by School Board



o Credit for 2019 Referendumo Option 2: Capacity Increasing Projects Only

2020 $357,257 21,387 $172021 $366,188 21,530 $172022 $375,343 21,769 $172023 $384,726 21,698 $182024 $394,345 21,902 $182025 $404,203 22,113 $182026 $414,308 22,330 $192027 $424,666 22,553 $192028 $435,283 22,784 $192029 $446,165 23,021 $192030 $457,319 23,251 $202031 $468,752 23,483 $202032 $480,471 23,718 $202033 $492,482 23,955 $212034 $504,794 24,195 $212035 $517,414 24,437 $212036 $530,350 24,681 $212037 $543,608 24,928 $222038 $557,199 25,177 $222039 $571,128 25,429 $22Total $9,126,000 $391

Discount Rate 2.50%Total Credit per Pupil $301

Source: TischlerBise estimated payment schedule

Total Enrollment

Payment per PupilYear

Residential PrincipalDecision needed

by School Board



o DRAFT/Preliminary Maximum Supportable Feeo Option 1: South of the Broad

Student Generation Rates [1]Elementary Middle High Elementary Middle High

Housing Type (K-5) (6-8) (9-12) Total Housing Type (K-5) (6-8) (9-12)Single Family 0.106 0.056 0.074 0.236 Single Family $3,242 $2,021 $3,397 $8,660Multifamily 0.069 0.023 0.026 0.117 Multifamily $2,096 $808 $1,172 $4,076

Elementary Middle HighSchool Floor Area per Student (sq. ft.) 117.99 135.45 154.98School Cost per Sq. Ft. [2] $300 $300 $300School Construction Cost per Student $35,397 $40,635 $46,494

School Land per Student (acres) 0.0295 0.0303 0.071Land Cost per Acre [2] $100,000 $100,000 $100,000Land Cost per Student $2,950 $3,030 $7,100

District Owned Buses per Student 0.0028 0.0028 0.0028Cost per School Bus [2] $100,000 $100,000 $100,000School Bus Cost per Student $280 $280 $280

Total Gross Capital Cost per Student $38,627 $43,945 $53,874Credit for Existing Debt per Student $4,053 $4,053 $4,053Credit fof 2019 Bond per Student $4,004 $4,004 $4,004Total Net Local Capital Cost Per Student $30,570 $35,888 $45,817[1] Source: US Census Bureau, 5-Year 2017 American Community Survey PUMS data for South Carol ina PUMA 01400; TischlerBise analys is[2] Source: Beaufort County School Dis trict

School Level Maximum Supportable School Impact FeeMaximum

Supportable Fee

Current Level of Service Standards



o DRAFT/Preliminary Maximum Supportable Feeo Option 2: South of the Broad

Student Generation Rates [1]Elementary Middle High Elementary Middle High

Housing Type (K-5) (6-8) (9-12) Total Housing Type (K-5) (6-8) (9-12)Single Family 0.106 0.056 0.074 0.236 Single Family $3,635 $2,229 $3,671 $9,535Multifamily 0.069 0.023 0.026 0.117 Multifamily $2,350 $891 $1,267 $4,508

Elementary Middle HighSchool Floor Area per Student (sq. ft.) 117.99 135.45 154.98School Cost per Sq. Ft. [2] $300 $300 $300School Construction Cost per Student $35,397 $40,635 $46,494

School Land per Student (acres) 0.0295 0.0303 0.071Land Cost per Acre [2] $100,000 $100,000 $100,000Land Cost per Student $2,950 $3,030 $7,100

District Owned Buses per Student 0.0028 0.0028 0.0028Cost per School Bus [2] $100,000 $100,000 $100,000School Bus Cost per Student $280 $280 $280

Total Gross Capital Cost per Student $38,627 $43,945 $53,874Credit for Existing Debt per Student $4,053 $4,053 $4,053Credit fof 2019 Bond per Student $301 $301 $301Total Net Local Capital Cost Per Student $34,273 $39,591 $49,520[1] Source: US Census Bureau, 5-Year 2017 American Community Survey PUMS data for South Carol ina PUMA 01400; TischlerBise analys is[2] Source: Beaufort County School Dis trict

School Level

Current Level of Service Standards

Maximum Supportable Fee

Maximum Supportable School Impact Fee



o Fee Revenue Projections

Single Family Multifamily$8,660 $4,076per unit per unit

Housing Units Housing UnitsBase 2019 44,852 15,253

Year 1 2020 45,642 15,555Year 2 2021 46,431 15,858Year 3 2022 47,221 16,160Year 4 2023 48,009 16,464Year 5 2024 48,798 16,767Year 6 2025 49,588 17,069Year 7 2026 50,377 17,372Year 8 2027 51,166 17,675Year 9 2028 51,955 17,978

Year 10 2029 52,750 18,283Ten-Year Increase 7,898 3,031

Projected Revenue $68,394,245 $12,353,464Projected Revenue => $80,747,709

Year

Single Family Multifamily$9,535 $4,508per unit per unit

Housing Units Housing UnitsBase 2019 44,852 15,253

Year 1 2020 45,642 15,555Year 2 2021 46,431 15,858Year 3 2022 47,221 16,160Year 4 2023 48,009 16,464Year 5 2024 48,798 16,767Year 6 2025 49,588 17,069Year 7 2026 50,377 17,372Year 8 2027 51,166 17,675Year 9 2028 51,955 17,978

Year 10 2029 52,750 18,283Ten-Year Increase 7,898 3,031

Projected Revenue $75,304,749 $13,662,761Projected Revenue => $88,967,511

Year

Option 1 Option 2

Comments/Questions

TischlerBise | www.tischlerbise.com 17

Appendix


o Customized student generation rates for each areao Household sizes are compared to calibrate the SGR for

the service areasCountywide Student Generation Rates

Elem. Middle High(K-5) (6-8) (9-12)

Single Family 0.113 0.060 0.079 0.252Multifamily 0.067 0.022 0.025 0.114

Persons per Housing Unit

Service AreaNorth of the Broad 2.82 2.06South of the Broad 2.44 2.20Countywide 2.60 2.15Source: US Census Bureau, 5-Year 2017 American Community Survey

Single Family

Multi-family

Housing TypeAll

Grade

Source: US Census Bureau, 5-Year 2017 American Community Survey PUMS data for South Carol ina PUMA 01400; TischlerBise analys is

North of the Broad Student Generation RatesElem. Middle High(K-5) (6-8) (9-12)

Single Family 0.123 0.065 0.086 0.273Multifamily 0.064 0.021 0.024 0.109

South of the Broad Student Generation RatesElem. Middle High(K-5) (6-8) (9-12)

Single Family 0.106 0.056 0.074 0.236Multifamily 0.069 0.023 0.026 0.117Source: US Census Bureau, 5-Year 2017 American Community Survey PUMS data for South Carol ina PUMA 01400; TischlerBise analys is

Housing TypeAll

Grade

Source: US Census Bureau, 5-Year 2017 American Community Survey PUMS data for South Carol ina PUMA 01400; TischlerBise analys is

Housing TypeAll

Grade

Appendix


o Residential Projections – Beaufort Countyo Beaufort County is projected to increase by 19,000

housing units and 41,000 permanent residents over the next ten years, a 20% increase.

Base Year2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

PopulationPermanent Unincorp. Residents 72,954 74,470 75,986 77,502 79,018 80,534 82,050 83,566 85,082 86,598 88,115 15,161Permanent Incorp. Residents 110,758 113,368 115,978 118,588 121,198 123,808 126,418 129,028 131,638 134,248 136,855 26,096Seasonal Residents 39,122 39,746 40,070 40,394 40,718 41,042 41,366 41,689 42,013 42,337 42,656 3,534Peak Daily Visitors 54,612 55,483 55,935 56,387 56,839 57,291 57,743 58,194 58,646 59,098 59,543 4,931Total Peak Population 277,446 283,067 287,969 292,871 297,773 302,675 307,577 312,477 317,379 322,281 327,168 49,722Housing UnitsUnincorporated Units 33,308 33,958 34,608 35,258 35,908 36,558 37,208 37,858 38,508 39,158 39,808 6,500Incorporated Units 47,152 48,270 49,388 50,506 51,624 52,742 53,860 54,978 56,096 57,214 58,336 11,184Seasonal Units 15,582 15,710 15,838 15,966 16,094 16,222 16,350 16,478 16,606 16,734 16,860 1,278Total Housing Units 96,042 97,938 99,834 101,730 103,626 105,522 107,418 109,314 111,210 113,106 115,004 18,962Housing TypeSingle Family 72,441 73,848 75,254 76,661 78,067 79,473 80,880 82,286 83,692 85,099 86,506 14,065Multifamily 23,601 24,090 24,580 25,069 25,559 26,049 26,538 27,028 27,518 28,007 28,498 4,897Total Housing Units 96,042 97,938 99,834 101,730 103,626 105,522 107,418 109,314 111,210 113,106 115,004 18,962

Total Increase

Source: Beaufort County TAZ Transportation Model ; U.S. Census Bureau, 2013-2017 American Community Survey 5-Year Estimates ; Beaufort County Convention and Vis i tor Bureau, 2017

Preliminary Results Beaufort County School District, …...2012/10/19 · Family Multi-family...

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