Ordinance 3010-07 - Laserfiche WebLink

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 10 at the end of this section. Impact fees have been calculated utilizing the formula in Chapter 30.66C SCC. 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 only address existing deficiencies have been eliminated from the variables used in the calculations as indicated in Table 11. Exclusion of Costs to Correct Existing Deficiencies 2006-2011 Costs By ordinance, new development cannot be assessed impact fees to correct existing deficiencies. For this CFP update, the base year for determining existing deficiencies is 2005. Thus, capacity deficiencies existing in 2005 must be deducted from the total projected deficiencies in the calculation of impact fees. This is accomplished in Table 7 for school construction costs by calculating a 2006-2011 Growth Factor percentage for each grade span. This Growth Factor is then used to modify (reduce) certain variables included in the calculation of the School Construction Cost Element, which are shown on the lines labeled "Growth Related (2006-2011)" in table 11. For example: The total cost of a new elementary school in Table 11 ($29,455,000) was multiplied by the Elementary Growth Factor from Table 7 (76.64%) to obtain the "Growth Related (2006-2011)" school construction cost in Table 11 ($22,574,312) used in the impact fee calculations (Appendix A). Everett School District 6 - 5 Capital Facilities Plan