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5. $3.374.63 per single-family residential unit for an indicated total of <br /> $134.985.24 to the State or Coun to support road and traffic <br /> improvements. <br /> The fair share contributions described above shall be adjusted annually <br /> be~mning three years after the effective date of the change of zone. based on the <br /> yercenta eg change in the Honolulu Consumer Price Index (HCPI). In lieu of <br /> paving the fair share contribution the applicant may construct and contribute <br /> improvements/facilities related to parks and recreation, fire, police, solid waste <br /> disposal facilities, and roads within the re io~pacted by the proposed <br /> development, subject to the approval of the director. The cost of providing and <br /> constructing the unprovements required in Conditions D, and E shall be credited <br /> against the sum specified in Condition O (5) for road and traffic improvements. <br /> For purposes of administering Condition O, the fair market value of land <br /> contributed or the cost of an~provements required or made in lieu of the fair <br /> share contribution shall be subject to review and approval of the director, upon <br /> consultation with the appropriate agencies. <br /> Upon approval of the fair share contributions or in lieu contributions by the <br /> director, the director shall submit a final report to the Council for its <br /> information that identifies the specific approved fair share and/or in lieu <br /> contributions, as allocated, and further implementation requirements <br /> <br /> ([S]am Should the Council adopt a Unified Impact Fees Ordinance setting forth criteria <br /> for the imposition of exactions or the assessment of impact fees, conditions <br /> included herein shall be credited toward the requirements of the Unified Impact <br /> Fees Ordinance. <br /> -9- <br /> <br />