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HomeMy WebLinkAboutAgenda - 10-06-2009 - 6cORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 6, 2009 Action Agenda Item No. (o '- G SUBJECT: Schoals Adequate Public Facilities Ordinance (SAPFO) Effects on Chapel Hill- Carrboro Elementary #11 DEPARTMENT: Manager/Planning/Finance PUBLIC HEARING: (Y/N) No ATTACHMENT(S): 1. Lisa Stuckey, Chair of Chapel Hill- Carrboro Board of Education Letter 2. Elementary #11 Estimate 3. Orange County Development Summary from Chapel Hill-Carrboro Chamber of Commerce INFORMATION CONTACT: Planning -Craig Benedict, 245-2592 Finance -Gary Humphreys, 245-2453 Manager -Frank Clifton, 245-2300 PURPOSE: To explain the relationship between SAPFO and the timing of Chapel Hill- Carrboro Elementary #11. BACKGROUND: The SAPFO is a Capital Investment Plan (CIP) planning tool and a development management system. The student projections within the SAPFO Technical Advisory Committee (TAC) report identify new school capacity construction needs at a future date. These projection models are based on historical conditions and can hypothetically indicate when future increases in enrollment approach over capacity school level conditions. Usually this foresight of 4-5 years permits adequate time to find an appropriate site, secure financing, design and build the school. However, each year new enrollment data are entered into the. projection models to refine the student projection numbers and create a comparison tool to analyze whether a future school project need is on target from previous CIP proposals or appears to be moving forward or back in the CIP timeline. Case in point, the 2009 SAPFO report is based on November 2008 enrollment. The report states for: Cha el Hill-Carrboro Schools Elements Level 20 da * Projection from 08-09 2008-09 2009-10 2009-10 2010-11 Actual Enrollment 5302 5225** Projection 5406** 5533 Ca acit 100% 5244 5244 5244 5244 Ca acit 105% 5506 5506 5506 5506 Ca acit 204 281 101 -26 Actual LOS 101.1 °l0 100.4% 103.1 105.5 * Unofficial; SAPFO uses enrollment per November 15, 2009. ** Italics show 20th day 2009 actual versus November 2008 projection of November 15, 2009. 2 This November 2008 projection showed the need for additional capacity (i.e., Elementary School #11) by 2010-11 by indicating proposed conditions could be over 26 students if projections were consistent (i.e., on-line) with the comparison of actual enrollment in November 2009 with projected enrollment from the prior year. This comparison (noted in column 2 above), although not with the official November 15, 2009, show 20t" day enrollment at this school level of 5,225 students versus 5,406 which was projected, a decease of 181 students below projections. Again, although this number is not official, this is an appreciable decrease below the projection that mathematically would make ensuing year student projections and complementary capacity needs more moderate. In other words, the hypothetical need for a new school in 2010-11 would likely move to later years. New projections will be part of the 2010 SAPFO TAC Report (based on November 2009 enrollment). The Certificate of Adequate Public Schools (CAPS) system does not run on projections of future years. The system is based on actual enrollment in current year versus actual capacity and/or programmed capacity. In this manner, each year the system is reset to show the actual remaining capacity. New growth is certified against remaining capacity, so if the 20t" day numbers were used, 281 student stations would be available which could equate to possible approval of 1,068 single family homes. (281 x 1 /.263 = 1, 068) Note: .263 students generated for elementary schools per single-family detached, 2007 The new student generation rates are more realistic and would provide a better gauge of the student impact of new growth. Higher student generation rates equate to less potential growth approvals. Class Size In 2008-09, upon the opening of Morris Grove Elementary, the SAPFO ordinance changed the elementary capacity of schools based on prior state legislation to reduce class size from 1:23 to 1:21 for K-3 classes. SAPFO, as reported by the prior County Attorney, does not necessarily have to conform to DPI rules, nonetheless these class size standards were put into effect. The impacts of this change were realized in both school districts. However, in the Chapel Hill- Carrboro School District, the opening of Elementary School #10 in 2008-09 did not create 585 new student capacity school level wide but only 323 because class size reductions decrease school capacity. The impact of implementing `mandated' new class size ratios therein relates to a loss in school level capacity of 262 seats or the equivalent of 45% of a new school or in capital cost terms roughly $14 million. This implementation also made the new capacity added by Elementary School #10 not go as far before the projections showed the need for Elementary School #11. Depending on annual growth rates of elementary students (100 per year estimated), new schools typically would be needed after 4-5 years instead of the two-year CIP turnaround created by implementing class size. FINANCIAL IMPACT: Project cost estimate is between $31-32 million closer to $32 million including engineering. Lottery funds totaling $974,000 are already in place toward funding engineering costs. Using $31 million as the financing amount, the financial impact would be as follows: Assumptions -Issuance late calendar year 2010 with first debt service in FY 2011-12 ^ Bank Qualified Direct Placement Loan at a 4.75% rate for 15 years ^ Maximum Debt Service in FY 2011-12 would be $3.335 million declining to $2.318 million in the final year (FY2025-26). RECOMMENDATION(S): The Interim Manager recommends the Board discuss the matter and conceptually determine the timing of the need for Elementary School #11. 4 HAPEL HILL- ARRBORO xt.~~,r s~~aa~.s TO: Valerie Foushee, Chair Orange County Board of Commissioners FROM: Lisa Stuckey, Chair Board of Education RE: Status of Elementary Eleven DATE: September 14, 2009 In June 2008 the Orange County Board of Commissioners appropriated $974,000 in funding for the architectural design and the approval process for Elementary School # 11. This has allowed the project design and the Town of Chapel Hill approval process to continue despite the uncertainty concerning full project funding. Our architects and design advisory committee have been working since last year to develop design and construction drawings for the new school. Concurrently, we have been seeking the necessary permits from the Town of Chapel Hill. Presentations to the Town's advisory boards have been made and the Special Use Permit (SUP) application process with the Town of Chapel Hill is near completion. A public hearing is being held on September 21, 2009 and we are hopeful for approval at a Town Council meeting soon thereafter. Once approved, the SUP will be valid for a period of 5 years. Current SAPFO projections indicate that the new school should be opened in the fall of 2010. With the current delay in funding, construction would not be able to begin until that date at the earliest. If it started next fall, it is estimated that the project completion would be in August 2012, two years past the SAPFO projection date. By that time it is projected that our elementary schools will be 459 students over capacity and the Level of Service will be 108.8%. The timing of the school's completion affects decisions we need to make with respect to district level programs, students' school assignments, and plans for making arrangements for classes for which we have no classrooms. In addition, we may soon reach the point that we must deny Certificate of Adequate Public Schools (CAPS) applications. As such, we feel that it is important to discuss with you the status of this project with respect to the timing of funding and construction. We respectfully request that the Orange County Board of Commissioners place this item on an upcoming agenda. Please let me know if you have any questions or would like to discuss this request. Cc: Orange County Board of Commissioners CHCCS Board of Education Exhibit A Direct Bank Placement Bank Qualified Elementary 11 Issue Date Dec 2010 Loan Amt 30,000,000 Interest rate 4.75% period rate 0.003958333 Years 15 Period Principal Dec-10 Issuance Aug-11 Feb-12 1,550,000.00 Aug-12 Feb-13 1,850,000.00 Aug-13 Feb-14 1, 850,000.00 Aug-14 Feb-15 1,850,000.00 Aug-15 Feb-16 1,850, 000.00 Aug-16 Feb-17 2,101,000.00 Aug-17 Feb-18 2,101,000.00 Growth Projected Fiscal Year Total Fiscal Yr New ~ Value Proj Tax Interest Balance Payment Payments Value of 1cent Impact cents 30,000,000.00 Actual Val ue> 1,505,352 1.4% 1,526,427 950,000.00 30,000,000.00 .712,500.00 28,450,000.00 3,212,500.00 3,212,500.00 2.0% 1,556,955 2.06 675,687.50 28,450,000.00 675,687.50 26,600,000.00 3,201,375.00 3,201,375.00 2.5% 1,595,879 2.01 631,750.00 26,600,000.00 631,750.00 24,750,000.00 3,113,500.00 3,113,500.00 2.5% 1,635,776 1.90 587,812.50 24,750,000.00 587,812.50 22,900,000.00 3,025,625.00 3,025,625.00 2.5% 1,676,671 1.80 543,875.00 22,900,000.00 543,875.00 21,050,000.00 2,937,750.00 2,937,750.00 2.5% 1,718,588 1.71 499,937.50 21,050,000.00 499,937.50 18,949,000.00 .3,100,875.00 3,100,875.00 2.5% 1,761,552 1.76 450, 038.75 18, 949, 000.00 450,038.75 16,848,000.00 3,001,077.50 3,001,077.50 2.5% 1,805,591 1.66 Aug-18 Feb-19 2,101, 000.00 Aug-19 Feb-19 2,101,000.00 Aug-20 Feb-20 2,101,000.00 Aug-21 Feb-21 2,101, 000.00 Aug-22 Feb-22 2,101,000.00 Aug-23 Feb-23 2,101,000.00 Aug-24 Feb-24 2,101, 000.00 Aug-25 Feb-25 2,141,000.00 Aug-26 Feb-26 400,140.00 16,848,000.00 400,140.00 14,747,000.00 2,901,280.00 2,901,280.00 350, 241.25 14 , 747, 000.00 350,241.25 12,646,000.00 2,801,482.50 2,801,482.50 300,342.50 12, 646, 000.00 300,342.50 10,545,000.00 2,701,685.00 2,701,685.00 250,443.75 10,545, 000.00 250,443.75 8,444,000.00 2,601,887.50 2,601,887.50 200,545.00 8,444,000.00 200,545.00 6,343,000.00 2,502,090.00 2,502,090.00 150,646.25 6,343,000.00 150,646.25 4,242,000.00 2,402,292.50 2,402,292.50 100,747.50 4,242,000.00 100,747.50 2,141,000.00 2,302,495.00 2,302,495.00 50,848.75 2,141,000.00 50,848.75 0.00 2,242,697.50 2,242,697.50 30,000, 000.00 12,048,612.50 42,048,612.50 42,048,612.50 2.5% 1,850,731 1.57 2.5% 1,896,999 1.48 2.5% 1,944,424 1.39 2.5% 1,993,035 1.31 2.5% 2,042,860 1.22 2.5% 2,093,932 1.15 2,146,280 2.5% 1.07 2,199,937 2.5% 1.02 CHAPEL HILL CARRBORO %l7C2PtdC'C'' i'f i,.c?1',"I77?t'.~~C~ Orange County Development Summary Thank you for attending the 2009 Orange County Development Briefing. A primary goal of the Chamber is to provide you with practical information that helps you make smart business decisions. This briefing will provide particulars about residential and commercial market trends and new economic development initiatives in the community. Attached is a document detailing residential and commercial development projects in Orange County and its municipalities. Major proposed and approved projects are listed according to municipality. A few statistics about approved projects that are underway or not yet built in Orange County: • In Carrboro, 737 residential units and 490,241 sq ft of commercial space has been approved. • In Hillsborough, 993 residential units and 1,192,000 sq ft of commercial space has been approved (figure includes Waterstone project). • In Chapel Hill, 1,161 residential units and 917,056 sq ft of commercial space has been approved (figure does not include Carolina North). • In total, if all approved projects in Orange County are built, 2,891 residential units and 3,699,297 sq ft of commercial space will be added to the County. £~range County Development Briefing September 22, 2009 CHAPEL HILL CARRBORO i`.ti~7tYl?"'c.'Y' ~; ~(.~Ci;7^,?7t!'Yi:.f Residential Projects CUP=Conditional Use Permit, SUP=Special Use Permit Name and Location Developer Specs Stage in Process Carolina Commons UNC-Chapel Hill 166 units Plans submitted, comments returned to ~ 1500 Claymore Rd applicant °J Litchfield AIS Homestead Partners 31 single-family units Plans submitted, comments returned to a 900 Homestead Rd applicant a Lloyd Harbor AIS Layton Wheeler and 17 single-family units Revised plans submitted, likely move 201 Quail Roost Dr Mary Aquero forward with public meetings Wheeler o Ballentine M/I Schottenstein 60 single-family and 36 townhomes Approved-CUP extended to Feb 2010 North of Harmony Farms E of Old NC 86 Homes, Inc f0 v Claremont AIS Parker Louis LLC 79 units Approved-23 certificates of occupancy v 1018 Homestead Rd issued o Claremont II Parker Louis LLC 68 single-family and 26 duplex units CUP granted-construction plans not a 1001 Homestead Rd submitted Q Legends at Lake Hogan Farms 1st American Land 64 Units Approved-11 certificates of occupancy 8112 Old NC 86 issued Rose's Walk at University Lake Jim Brandewine 64 townhomes Approved-46 certificates of occupancy Old Fayetteville Rd issued Bellevue Mill Eddie Belk 104 multi-family units SUP approved 202 S. Nash St Corbinton Commons EYC Companies 47single-family units, 200 multi- SUP approved ~ U.S. 70 family units, 15,000 sq ft wellness o > center ~ a Eno Haven Eno Haven, LLC 76multi-family affordable rental SUP approved `^ Q U.S. 70 East units = Kenion Grove KB Home Inc. 55 single-family units SUP approved, construction underway .Revere Rd Willowbend Hopper Construction 16single-family units SUP approved, construction underway N.C. 57 Orange Caunty t?evelapment Briefing September 22, 2009 CHAPEL HILL CARRBORO „~....M~.... „~,, ~ 4S" ~ Murray Hill Scott Murray Land 15 units SUP application submitted, public 0 201 Meadowmont ~n Planning, Inc information meeting underway a 0 L a a, Residences at Grove Park RAM Develo ment p 346 units SUP approved, construction not yet ~ ~ 425 N Hillsborough St underway ~ > Homestead Twin Towns Capkov Ventures, Inc 72 units SUP approved, construction not yet a Homestead Rd and Seawell School Rd underway °- Q Chapel Watch Village Crosland 120 units SUP a pproved, construction underway S of Eubanks Rd across from Park and Ride Orange County Deveioprnent Briefing September 22, 2009 y CHAPEL HILL CARRBORO i.'jl<:ifP^,~'c'r0 C~Ct1^j12F'r~? Commercial/Mixed Use Projects CUP=Conditional Use Permit, SUP=Special Use Permit Name and Location Developer Specs Stage in Process -~ 400 Roberson Street Yaggy Corporation 69,787 sq ft-one commercial Plans submitted, comments returned to 0 40o Roberson St building and one residential applicant a 0 L d Roberson Square Darcon of NC, Inc 18 residential units, 26,381 sq ft of CUP granted, construction plans not yet 201 s. Greensboro St retail and office submitted o Shoppes at Jones Ferry Northwest Properties 77,700 sq ft of retail CUP granted, currently in litigation, ~ 102 Barnes St Inc construction plans not yet submitted t ~ The Alberta Carr Mill Investment 23 residential units, 6,772 sq ft of CUP granted, construction not yet v ~ 201 Maple Ave Limited Partnership commercial underway ° a The Butler Downtown Urban 57 residential units, 22,170 sq ft of CUP granted, construction plans not yet Q 120 Brewers Ln Ventures LLC commercial submitted Winmore VMU Kovens Construction 242 residential lots, 18,418 sq ft Approved, construction underway 1318 Homestead Rd commercial 300 East Main Main Street Partners 338,800 sq ft of office, retail, CUP approved, Phase A construction 300 E Main St LLC apartments; another 168,700 sq ft plans submitted, comments returned to for parking deck applicant -a Skimmerland J.W. Faircloth & Son, 16,429 sq ft manufacturing Plans submitted, public hearing o S side of Dimmocks Mill Rd Inc continued o UNC Hospitals UNC Hospitals 241,000 sq ft hospital and 60,000 Master plan amendment approved, a Hillsborough EDD sq ft medical office next step is public hearing ~ Waterstone Stratford Land 134 single-family units, 128 multi- Master plan approved, construction o Old NC 86 and I-40 Development family units, 1.08 million complete on DTCC branch o commercial sq ft ~ ~ ~ v o Oakdale Village Granite Development 57,500 sq ft commercial space, Plan approved, construction underway a South Churton Street and Oakdale Drive including UNC Primary Care Office Q Gateway Center Tryon Investment 30,000 sq ft of retail and Plan approved, construction complete 228 S Churton St Group government office Forest Ridge Withers & Ravenel 233 single-family units, 25,000 sq ft SUP approved, construction documents U.S. 70-A East commercial to be submitted ~, Orange County Uevetapment Briefing September 22, 2009 d CHAPEL HILL CARRBORO „H ti r a,., ,~ ~ ~,, Timberlyne Office Park Lot 6 CAI Group VII, LLC 10,673 sq ft medical office building Site Plan review 111 Old University Station Rd Timberlyne Commerce Park Lot 8 CAI Group VII, LLC 8,435 sq ft medical office building Site Plan review 151 Old University Station Rd ~; Paul J. Rizzo Conference Center UNC 90,000 sq ft to include guest rooms, Concept plan review o Phase III a residence center, conference a` Meadowmont center, and dining area Bridgepoint The Design Response 49,000 sq ft of office and retail and Revised concept plan submitted 2214 and 2312 Homestead Rd 32 townhomes Walgreens The Design Response 13,284 sq ft retail Postponed-SUP modification 1500 E Franklin St application submitted UNC Hospitals Medical Imaging UNC Hospitals 30,000 sq ft clinical SUP approved, construction not yet and Outpatient Center underway 350 Raleigh Rd Cosgrove Hill Crosland 120 units, 50,000 sq ft office SUP approved, construction complete y 1735 US 15-501 South s 1609 E Franklin St Office Bldg Madison Partners 17,318 sq ft office SUP approved, construction not yet v 1609 E Franklin St underway 140 West Franklin RAM Development 140 residential units, 30,690 sq ft SUP approved, construction not yet 140 W Franklin St retail underway Greenbridge Greenbridge 90 residential units, 15,731 sq ft SUP approved, construction underway v 601 W Rosemary St Development office, 22,116 retail o East 54 East West Partners 203 residential units, 120,214 sq ft SUP approved, construction nearing Q NC 54 office, 128,487 retail completion Woodmont Capital Associates 60 residential units, 427,000 sq ft SUP approved, construction not yet NC 54 office, 23,500 sq ft retail underway Castalia at Meadowmont Lundy Group 10 residential units, 52,000 sq ft SUP approved, construction nearing Meadowmont office completion UNC Innovation Center UNC 70,000 sq ft commercial SUP approved, construction not yet Horace Williams Airport underway Carolina North (First 8 years) UNC 200,000 sq ft residential; 600,000 Development agreement approved, Horace Williams Airport sq ft university/commercial construction not yet underway ~ Buckhorn Village Buckhorn Road 1.1 million sq ft commercial Approved, construction not yet O Buckhorn Rd Associates underway t?range County development Briefing September 22, 2005