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a reimbursement agreement with the County which sets forth the terms and <br /> conditions of reimbursement for costs incurred for the construction, land <br /> acquisition and design of the Mamalahoa Highway Bypass out of funds paid to the <br /> state and/or county by other developers or landowners whom the county may <br /> determine as benefiting from the Mamalahoa Highway Bypass and which funds <br /> are available to the county for such purpose; and provided further, that the total <br /> amount of reimbursement due to the applicant shall not exceed the total cost of <br /> land acquisition, design and construction of the Mamalahoa Highway Bypass <br /> incurred by the applicant, less the pro rata portion attributed to the subject <br /> property;" <br /> SECTION 3. Material to be deleted is bracketed and struck through. <br /> SECTION 4. In the event that any portion of this ordinance is declazed invalid, such <br /> <br /> invalidity shall not affect the other parts of this ordinance. <br /> SECTION 5. This ordinance shall take effect upon its approval. <br /> INTRODUCED BY: <br /> a <br /> COUNCIL ME R, COUNT OF AI`I <br /> Hilo, Hawaii <br /> Date of Introduction: <br /> Date of 1st Reading: <br /> Date of 2nd Reading: <br /> Effective Date: <br /> REFERENCE: Comm. 99,_,? <br /> -4- <br /> <br />