BIL 229 Draft 01 2004-2006 - Laserfiche WebLink

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K. The applicant shall make its fair share contribution to mitigate the potential regional impacts of the subject property with respect to roads. The amount of the fair share contribution shall be the sum which is the product of multiplying the number of lots proposed to be subdivided by the amounts allocated hereinbelow for each such lot, and shall become due and payable within ninety days of the effective date of this ordinance. The fair share contribution to address the potential road impacts shall be in the form of cash and/or in-kind services approved by the County Council and shall be applied to improving the Kaloko Drive/Mamalahoa Highway intersection. The fair share contribution shall have a value of $9,991.20 per additional lot. Based upon the applicant's representation of intent to subdivide and develop up to three (3) additional lots, the indicated total fair share contribution is $29,973.60. The fair share contribution shall be allocated as follows: • $9,991.20 per additional lot For an indicated total of $29,973.60 to the State or County to support road and traffic improvements. The fair share contribution shall be adjusted annually by the Hawaii County Planning Department, beginning three yeazs after the effective date of this ordinance, based on the percentage change in the Honolulu Consumer Price Index HCPI). Upon approval of the fair share contributions, the Director shall submit a final report to the Council for its information that identifies the specific approved fair share contributions, as allocated, and further implementation requirements. L. Should the Council adopt a Unified Impact Fees Ordinance setting forth criteria for imposition of exactions or the assessment of impact fees, conditions included herein shall be credited towards the requirements of the Unified Impact Fee Ordinance. -6-