BIL 182 Draft 02 2006-2008 - Laserfiche WebLink

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V. The applicant(s) shall comply with all applicable laws, rules, regulations and requirements. W. The applicant shall pay its fair share contribution to address potential regional impacts of the project with respect to roads, park, fire, police and solid waste disposal facilities. The fair share contribution shall be initially based on the representations contained within the change of zone application and may be increased or reduced proportionally if the unit counts are adjusted. The fair share contribution shall become due and payable prior to receipt of Final Plan Approval or within five (5) years from the effective date of this change of zone ordinance, whichever occurs first. The fair share contribution for each lot shall be based on a maximum density for each lot as determined by the zoning resulting from this change of zone. The fair share contribution in a form of cash, land, facilities or any combination thereof shall be determined by the County Council. The fair share contribution may be adjusted annually beginning three years 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. Based upon the applicant's representation of intent to develop a total of 306 multi-family 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 [~jW. The fair share contribution shall be allocated as follows: $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; -8-