COM 0700.007 2006-2008 - Laserfiche WebLink

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Pete Hoffmann, Chair And Members of the Hawaii County Council October 29, 2007 Page 4 of 4 residential units, the indicated total of fair share contribution is $2,035,940.40 for the multi-family residential units. However, the total amount shall be increased or reduced in proportion with the actual number of units according to the calculation and payment provisions set forth in this Condition [l?] W. The fair share contribution shall be allocated as follows: 1. $3,281.93 per multiple family residential unit for the 306-unit multi- family development for an indicated total of $1,004,270.50 to the County to support park and recreational improvements and facilities; 2. $103.73 per multiple family residential unit for the 306-unit multi-family development for an indicated total of $31,741.38 to the County to support police facilities; 3. $319.07 per multiple family residential unit for the 306-unit multi-family development for an indicated total of $97,635.42 to the County to support fire facilities; 4. $142.21 per multiple family residential unit for the 306-unit multi-family development for an indicated total of $43,516.26 to the County to support solid waste facilities; 5. $2,806.46 per multiple family residential unit for the 306-unit multi- family development for an indicated total of $858,776.76 to the State or County to support road and traffic improvements. In lieu of paying the fair share contribution, the applicant may contribute land and/or construct improvements/facilities related to parks and recreation, fire, police, solid waste disposal facilities and roads within the region impacted by the proposed development, subject to the review and recommendation of the Planning Director, upon consultation with the appropriate agencies and approval of the County Council. Applicant's obli¢ation to pav fair share contributions shall be inapplicable and waived when applicant implements the affordable housing rental program set forth in Condition C above, which provides that all units (100% of the entire project) shall be rented at a rate affordable to families earnine not more than 60% of median annual income in Hawaii Count certified by the Office of Housing and Community Development." A version of the bill that incorporates these proposed amendments is attached. KAP/mpd Att.