BIL 125 Draft 01 2006-2008 - Laserfiche WebLink

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L. If the applicants successors or assigns develop residential units on the subiect property the applicants shall make its fair share contribution to mitigate the potential regional impacts of the property with respect to parks and recreation fire nolice, solid waste disposal facilities and roads. The fair share contribution shall become due and payable prior to receipt of Final Plan Approval. The fair shaze contribution shall be based on the actual number of residential units developed. The fair share contribution in a form of cash land facilities or ankcombination thereof shall be determined by the County Council The fair shaze contribution maybe adjusted annually beginning three veazs after the effective date of this ordinance based on the percentage change in the Honolulu Consumer Price Index (HCPI) The fair share contribution shall have a maximum combined value of $6 653 40 per multiple family residential unit ($10 368 57 per single family residential unit) The total amount shall be determined with the actual number of units according to the calculation and payment provisions set forth in this condition The fair share contribution per multiple family residential unit (single family residential unit) shall be allocated as follows: 1. ea X81 93 per multiple family residential unit ($4 999.91 per single family residential unit) to the Count~to support park and recreational improvements and facilities; 2. $103 73 per multiple family residential unit ($241.20 per single family residential unitl to the Count~to support police facilities; 3. $319 07 per multiple family residential unit ($476.39 per single family residential unit) to the County to support fire facilities; 4. $142 21 per multiple family residential unit ($208.57 per single family residential unit) to the County to support solid waste facilities• and -4-