BIL 121 Draft 01 2024-2026 - Laserfiche WebLink

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Policies of the Housing Element of the General Plan are implemented, the Applicant shall comply with the requirements of Chapter 11 Article 1 Hawai`i County Code relating to Affordable Housing Policy. This requirement shall be approved by the Administrator of the Office of Housing and Community Development as evidenced by an executed and recorded affordable housing agreement which shall be provided to the Planning Department by the Applicant prior to Final Plan Approval or Final Subdivision Approval. Fair share requirements under Condition R shall be conditionally waived for affordable housing units or lots if the Applicant executes an affordable housing agreement to provide fifty (50) to one hundred (100) percent of the development as affordable housing units or lots. If the affordable housing units or lots are not produced and sold or rented in accordance with the affordable housing agreement any fair share requirements under Condition R that were waived will become due and payable. [P.]R. The [applieant, sueeessers or assigns] Applicant shall make its fair share contribution to mitigate the potential regional impacts of the property with respect to parks and recreation, fire, police, solid waste disposal facilities and roads. The fair share contribution shall become due and payable prior to receipt of Final Plan Approval. The fair share contribution for each unit shall be based on the actual number of residential units developed exceeding twenty- nine (29) units. The fair share contribution in a form of cash, land, facilities or any combination thereof shall be determined by the County Council. The fair share contribution may be adjusted annually beginning three years after the effective date of the amendment to the ordinance, based on the percentage change in the Honolulu Consumer Price Index (HCPI). The fair share contribution shall have a maximum combined value of [e",'�2] $11,500.24 per multiple family residential unit [8 "�6-7] $17,921.82 per single-family residential unit). The total amount shall be determined with the actual number of units according to the calculation and payment provisions set forth in this condition. The fair share contribution per [single family it -aside^"*] unit shall be allocated as follows: [M-,62ter'"] $5,672.74 per multiple family residential unit . $8.642.22 per single-family residential) unit to the County to support park 0