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RES 158 Draft 01 2020-2022
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RES 158 Draft 01 2020-2022
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Entry Properties
Last modified
8/27/2021 4:28:25 PM
Creation date
6/29/2021 3:06:03 PM
Metadata
Fields
Template:
Bill/Resolution
Bill/Resolution - Type
RES
Bill/Resolution - Council Term
2020-2022
Bill/Resolution
158
Draft
01
Introducer
Matt Kaneali'i-Kleinfelder, Council Member
Referred To
COUNCIL
Action 1
Council: Adopts Res. 158-21 - 7/7/21
Status
Adopted
Date To Mayor or Adoption Date
7/7/2021
Reading Number
1
Reading Date
7/7/2021
Ayes
9-Chung, David, Inaba, Kaneali'i-Kleinfelder, Kierkiewicz, Kimball, Lee Loy, Richards, Villegas
Noes
0
Absent
0
Excused
0
Document Relationships
AGE COUNCIL 2021-07-07 2020-2022
(Related)
Path:
\Council Records\Agendas\2020-2022\Council
COM 0311.000 2020-2022
(Related To)
Path:
\Council Records\Communications\2020-2022
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TABLE 1 <br />DEVELOPED PROPERTY <br />1 <br />Single Family Detached Property <br />< 1,601 <br />$1,663 per Unit <br />...... ...... <br />_................. <br />2 <br />_......_...._...._......._._....._._._..._......_.............._...._........_.._.._............_...._......._.._....._...._.._.........._........_..._................_...._.._...._._...._....._.........._ <br />Single Family Detached Property <br />1,601 — 1,800 <br />......._...._............... _._.............._._._.._............... <br />$1,913 per Unit <br />....._...........__ ....... .. <br />3 <br />......... .....__.....__......_......__......_.....__..._.....__.....__..........._........_.._..._..._......_._.......___......_....._._..__.._.._._._.. <br />Single Family Detached Property <br />__...._._......._......_..............._........_..__.....__._................1111...1.1_..._..11.._.._._......._... <br />1,801 — 2,000 <br />$2,163 per Unit <br />_...._....._...__-_ ........... <br />4 <br />... ........ ............... ._....... ................. _................ ._._...._...._.............. _.a_.......__..._........_._....._._.._._........._..__......._._.....__..._...._._..__..._..._...-....._..........._._...._._.._........._._...........__._.._..._._._.........__. <br />Single Family Detached Property <br />2,001 — 2,200 <br />$2,537 per Unit <br />_....._._..........._......... <br />5Single <br />... ....... .....__......._._............ ____......_.................__...___..._......_._....__...._..._...............__.............__..._.._._.___.....__..__......._........_....__....._...... <br />Family Detached Property <br />2,201 — 2,400 <br />_........._..__........____._..__._......_._.__..... ._.......__. <br />$2,869 per Unit <br />_............ <br />6 <br />_.__................._...._.........._............._.....__......,._......._._.............._._........_....._............__............ _._.............._......_.... <br />Single Family Detached Property <br />2,401 — 2,600 <br />_._......__...__... .. <br />$3,119 per Unit <br />_... ........................ <br />7 <br />__..._......_.__......__._.._........_...... ... ..... _.._.._.._--- ...._._.._........_..._._.................... ............ ........... _...._.._ <br />Single Family Detached Property <br />.._._...,...._...... ...... __.............._........_........._....__ <br />> 2,600 <br />.......... .__............. ... ................._..... ...._.......... .......... 1111. <br />$3,410 per Unit <br />8 <br />Single Family Attached Property <br />$1,281 per Unit <br />9 <br />Other Residential Property <br />$11,298 per Acre <br />10 <br />Non -Residential Property <br />$11,298 per Acre <br />* On July 1, 2022, and on each July I thereafter, all of the Assigned Special Tax <br />rates shown in Table I above shall be increased by an amount equal to two <br />percent (2.0%) of the amount in effect.for the prior Fiscal Year, <br />2) Backup Special Tax <br />Prior to the First Bond Sale, if a Land Use Change occurs that <br />results in a change in Expected Maximum Special Tax Revenues, <br />no action will be needed pursuant to this Section C.l.a.2. Upon <br />identification of the Land Use Change, the CFD Administrator <br />shall update Attachment 2 to reflect the revised Expected <br />Maximum Special Tax Revenues, which shall then be the amount <br />used to size the Bonds being issued. <br />After the First Bond Sale, if a Land Use Change occurs that <br />results in a change in Expected Maximum Special Tax Revenues, <br />no action will be needed pursuant to this Section C.l.a.2 as long <br />as the Required Coverage will still be achieved. Upon <br />identification of the Land Use Change, the CFD Administrator <br />shall update Attachment 2 to show the revised Expected <br />Maximum Special Tax Revenues. <br />If the CFD Administrator determines that a Land Use Change <br />would result in a failure to achieve the Required Coverage, the <br />Hawaii County CFD No. I-2021 9 June 23, 2021 <br />
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