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COM 0061.000 2006-2008
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COM 0061.000 2006-2008
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Last modified
5/12/2008 3:01:56 PM
Creation date
5/8/2008 5:12:23 PM
Metadata
Fields
Template:
Communications
Communications - Type
COM
Communications - Council Term
2006-2008
Communication
0061
Point
000
Author
Bruce McClure, Public Works Director
Communications - Referred To
FC
Comments
FC: Close file - 1/18/07 (Note: Mr. Hoffmann moved to amend the report to include in the list of facilities in CFD 2006-1 a mauka-makai emergency access road connecting Waikoloa Village with Queen Kaahumanu Highway at Hulu Street; see Comm. 61.1)
Document Relationships
AGE FC 01/18/2007 2006-2008
(Related)
Path:
\Council Records\Agendas\2006-2008\Finance Committee (FC)
COM 0061.001 2006-2008
(Related To)
Path:
\Council Records\Communications\2006-2008
COM 0061.002 2006-2008
(Related To)
Path:
\Council Records\Communications\2006-2008
RES 486 Draft 01 2004-2006
(Related)
Path:
\Council Records\Resolutions\2004-2006
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Pwsuant to the Rate and Method of Apportionment for each improvement area, the Backup <br /> Special Tax attributable to property within a Final Map is equal to (i) $20,056 per Acre <br /> within IA No. 1, (ii} $38,504 per Acre within IA No. 2, (iii) $26,716 per Acre within IA <br /> No. 3, and (iv) $38,815 per Acre within IA No. 4. The Backup Special Tax for each <br /> Assessor's Parcel of Developed Property in a Final Map within IA No. 2, IA No. 3, and IA <br /> No.4 shall be computed by dividing the aggregate Backup Special Tax attributable to such <br /> Final Map within each improvement area by the number of residential lots within such <br /> Final Map, as determined in Section C.l.c of each Rate and Method of Apportionment for <br /> IA No. 2, IA No. 3, and IA No. 4, respectively. <br /> If use of the Backup Special Tax should become necessary, the Maximum Special Tax <br /> rates for some parcels classified as Developed Property will be increased above the <br /> Assigned Special Tax rates shown in Exhibit B until the Special Tax Requirement is met. <br /> However, under no circumstances will the Special Tax on an Assessor's Parcel of <br /> Developed Property in CFD No. 2006-1 be increased to a level that exceeds the greater of <br /> the applicable Backup Special Tax or the applicable Assigned Special Tax. <br /> <br /> D. Accuracy of Information <br /> In order to establish the Special Taxes for CFD No. 2006-1 as set forth in the Rate and <br /> Method of Apportionment, David Taussig and Associates, Inc. has relied on information <br /> including, but not limited to absorption, land-use types, building square footage, and net <br /> taxable acreage which were provided to David Taussig and Associates, Inc. by others. <br /> David Taussig and Associates, Inc. has not independently verified such data and disclaims <br /> responsibility for the impact of inaccurate data provided by others, if any, on the Rate and <br /> Method of Apportionment for CFD No. 2006-1, including the inability to meet the financial <br /> obligations of CFD No. 2006-1. <br /> County of Hawaii December 18,1006 <br /> CFD No. 1006-I (The Villages ofAina Lea) Page Il <br /> <br />
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