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<br /> Honorable Pete Hoffmann <br /> <br /> Chair and Presiding Officer <br /> and Members of the County Council <br /> <br /> COUNTY COUNCIL <br /> <br /> Page 2 <br /> Apri19, 2007 <br /> For various other districts on the island, the in-lieu fee, per acre, under Bill 156, drafr 4, under <br /> current conditions, would be as follows: <br /> Puna: -0- (median sales price $269,000) <br /> Ka'u: -0- (median sales price $272,000) <br /> S. Hilo: $22,500 (median sales price $362,500) <br /> S. Kohala: $69,500 (median sales price $550,000) <br /> Hamakua: $48,750 (median sales price $467,000) <br /> S. Kona: $66,875 (median sales price $539,500) <br /> N. Kohala: $112,250 (median sales price $721,000) <br /> N. Hilo: $25,750 (median sales price $375,000) <br /> Please note that in Puna and Ka'u, where home prices are relatively low, this results in the <br /> developer not being charged an in-lieu fee. This was a deliberately designed feature of the <br /> affordable housing policy: it relaxes the requirements in areas where homes are being sold at an <br /> affordable level. <br /> Sincerely, <br /> J <br /> C STOPHERJ EN <br /> Planning Director <br /> CJY:pak <br /> Wpwin60/Chris 07Bill 156, Draft 4 -Affordable Housing Requirements <br /> cc: Office of Housing and Community Development <br /> Corporation Counsel <br /> Planning Section <br /> <br />