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<br /> (j) The solid waste impact fees shall be calculated according to the following formula. <br /> FEE = EDUS x NET COST/EDU <br /> Where: <br /> EDUS = UNITS XEDUS/UNIT <br /> UNITS =Number of dwelling units of each housing type in the <br /> development <br /> EDUS/UNIT = Number of Equivalent Dwelling Units represented by one <br /> dwelling unit of a given housing type <br /> NET COST/EDU =COST/EDU -CREDIT/EDU <br /> COST/EDU =Total replacement cost of existing solid waste facilities that <br /> serve residential development utilizing transfer stations <br /> divided by all existing single-family detached units <br /> CREDIT/EDU = DEBT/EDU + PAST/EDU + GRANT/EDU <br /> DEBT/EDU =Outstanding debt on existing solid waste facilities attributable <br /> to residential development utilizing transfer stations divided <br /> by all existing single-family detached units <br /> PAST/EDU =The net present value of property taxes paid over the last five <br /> years by vacant land for solid waste capacity improvements <br /> attributable to residential development utilizing transfer <br /> stations, induding general fund expenditures as well as debt <br /> service payments, per EDU <br /> GRANT/EDU =The net present value of future Federal and State grant <br /> funding anticipated to be forthcoming for solid waste capital <br /> improvements attributable to residential development per <br /> EDU over the next 20 ears <br /> DRAFT ORDINANCE FOR COUNTY OF HAWAII PREPARED BY DUNCAN ASSOCIATES 8/9/06 <br /> 13 <br /> <br />