Ordinance 2529-01 - Laserfiche WebLink

specifies the amount of square footage the State will help finance to house the enrollment projected for the district. If a project qualifies, it can become part of a State prioritization system. This system prioritizes allocation of available funding resources to school districts statewide based on seven prioritization categories. Funds are then disbursed to the districts based on a formula which calculates district assessed valuation per pupil relative to the whole State assessed valuation per pupil to establish the percent of the total project cost to be paid by the State for eligible projects. The State contribution for eligible projects can range from less than half to more than 70% of the project's cost.5 State match funds can be applied only to major school construction projects. Site acquisition and minor improvements are not eligible to receive matching funds from the State. Because availability of State match funds has not kept pace with the rapid enrollment growth occurring in many of Washington's school districts, sometimes matching funds from the State may not be received by a school district until after a school has been constructed. In such cases, the District must "front fund" a project. That is, the District must finance the complete project with local funds (the future State's share coming from funds allocated to future District projects). When the State share is finally disbursed (without accounting for escalation) the future District project is partially reimbursed. The Everett School District is not currently eligible for State matching funds on projects that provide increased capacity. School Impact Fees Development impact fees have been adopted by a number of jurisdictions as a means of supplementing traditional funding sources for construction of public facilities needed to accommodate new development. School impact fees are generally collected by the permitting agency at the time building permits or certificates of occupancy are issued. Impact fees for the Everett School District are calculated on worksheets contained in Appendix A and are summarized on Table 8 at the end of this section. Impact fees have been calculated utilizing the formula in Table 1 of Snohomish County Ordinance 97-095. The resulting figures are based on the District's cost per dwelling unit to purchase land for school sites, make site improvements, construct schools and purchase, install or relocate temporary facilities (portables). Credits have also been applied in the formula to account for State Match Funds to be reimbursed to the District (none anticipated for the Everett School District for facilities needed to serve new growth.) and projected future property taxes to be paid by the owner of a dwelling unit. The costs of projects that do not add capacity or which address existing deficiencies6 have been eliminated from the variables used in the calculations as indicated in Table 11. By ordinance, new development cannot be assessed impact fees to correct existing deficiencies. Thus, existing capacity deficiencies must be deducted from the total projected deficiencies in the 5 Paying for Growth's Impacts-A Guide To Impact Fees,State of Washington Department of Community Development Growth Management Division,January 1992, Pg. 30. 6 An"existing deficiency" is based on"unhoused" students as of October, 1999 Everett School District Section 6 -5 Capital Facilities Plan