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 an innovative and rigorous education that empowers all students to achieve their greatest success.”
Our Story Tradition of Excellence • 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 Fort Mill has experienced an average of 6% annual growth since 2002. Our public has approved $653.3 million in bonds to build or expand schools since 1996. New Schools Approved for Construction The district has built 7 elementary schools, 5 Elementary School #10 & 11 opening Aug. 2020 • middle schools, 2 high school and expanded • Middle School #6 opening Aug 2021 5 school sites since 1996.
Impact Basics What is an Impact Fee? • 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.”
Impact Fee History • Fort Mill School District implemented a $2,500 1996 Initial Impact Fee impact fee (original recommended amount $5,038) prior to the state law change. • The S.C. Legislature removed the block on new 2016 Legislation Change impact fees allowing districts and municipalities to implement a new impact fee. • Under the new legislation the district requested a 2017–2018 Fee Request new impact fee and contracted with TischlerBise to conduct an impact fee study.
Impact Basics South Carolina Impact Fee Requirements • 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
Impact Basics Impact Fees Can Only Be Used For Land purchase New facilities/improvements at current levels of service Furniture/fixtures Excess capacity in existing facilities
Fee Calculation 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. Single Family Multifamily * Includes mobile homes * Includes townhomes • Total Number of Housing Units 25,303 • Total Number of Housing Units 6,485 • Students per grade level • Students per grade level Elementary – 6,268 • • Elementary – 1,092 • Middle – 2,995 • Middle – 505 • High – 3,693 • High – 608 • Student generation per grade level • Student generation per grade level* • Elementary – 0.248 • Elementary – 0.168 • Middle – 0.118 • Middle – 0.078 • High – 0.146 • High – 0.094 * One of the highest multifamily rates seen by the consultant in the country. Total Single Family Unit Student Generation Rate Total Single Family Unit Student Generation Rate 0.512 per dwelling 0.34 per dwelling
Projected E nrollment In order to support the growing student population, the district must continue to build new facilities. Base Year 2017–2018: 15,113 10 Year Projection Increase of 9,469 students. 2027–2028: 24,582 Elementary Middle High 10 Year Utilization With no additional schools constructed 127% 153% 109%
Fee Calculation Current level of service per student and construction cost by level Building Square Footage Construction Cost *Land Elementary School 112.66 $348 /sq.ft. .0271 Building Square Footage Construction Cost *Land Middle School 141.92 $346 /sq.ft. .0387 Building Square Footage Construction Cost *Land High School 163.29 $305 /sq.ft. .0386 *Total average cost of land per acre $87,129
Fee Calculation Net Capital Cost Per Student Calculation Elementary Middle High • Sq. Ft. per Student 112.66 • Sq. Ft. per Student 141.92 • Sq. Ft. per Student 163.29 Cost per Sq. Ft. x $348 Cost per Sq. Ft. x $346 Cost per Sq. Ft. x $305 $39,161 $49,121 $49,755 • Acreage per Student .0217 • Acreage per Student .0387 • Acreage per Student .0386 Land Cost per Acre x $87,129 Land Cost per Acre x $87,129 Land Cost per Acre x $87,129 $2,359 $3,368 $3,365 Total Gross Capital Cost Total Gross Capital Cost Total Gross Capital Cost per Student $41,521 per Student $52,489 per Student $53,120 Total GCC per Student $41,521 Total GCC per Student $52,489 Total GCC per Student $53,120 *Debt Credits - $ 11,891 *Debt Credits - $ 11,891 *Debt Credits - $ 11,891 $29,629 $40,598 $41,229 Total Net Capital Cost per Student Total Net Capital Cost per Student Total Net Capital Cost per Student $29,629 $40,598 $41,229 *Credit calculated by multiplying the existing and future debt principal payments per student by the discount rate of 3.5%.
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. Single Family Multifamily Elementary $7,348 $4,978 Middle $4,791 $3,167 High $6,019 $3,875 Maximum Allowable Fee: $18,158 $12,020
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
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