Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> 5. $3,101.68 per lot, for an indicated total of $155,084.00 to the State or <br /> County to support road and traffic improvements. <br /> <br /> <br /> <br /> The fair share contributions described above shall be adjusted annually' <br /> beginning three years after the effective date of the change of zone, based on the <br /> <br /> percentage change in the Honolulu Consumer Price Index (HCPI). In lieu of <br /> paying the fair share contribution, the applicant may construct and contribute <br /> <br /> improvements/facilities related to parks and recreation, fine, police, solid waste <br /> disposal facilities, and roads within the region impacted by the proposed <br /> <br /> development, subject to the approval of the director. The cost of providing and <br /> <br /> constructing the improvements required in Condition F shall be credited against <br /> the sum specified in Condition P(5) for road and traffic improvements and <br /> <br /> Condition O shall be credited against the sum specified in Condition P(I) for <br /> parks and recreation. For purposes of administering Condition P, the fair market <br /> <br /> value of land contributed or the cost of any improvements required or made in lieu <br /> of the fair share contribution shall be subject to the review and approval of the <br /> <br /> director, upon consultation with the appropriate agencies. <br /> <br /> <br /> Q. In lieu of actual construction of infrastructural improvements as required under <br /> <br /> Conditions E, F, H, J, and O, the applicant may enter into an agreement with the <br /> County to assure the County that the infrastructural improvements will be <br /> <br /> constructed together with the appropriate bond, surety or other security deemed <br /> acceptable by the Planning Director or appropriate agencies and approved by the <br /> <br /> Corporation Counsel. Upon execution of such agreement and/or filing of the <br /> security with the County, final subdivision approval for the subject property or <br /> <br /> portions thereof shall be granted prior to the actual construction of required <br /> infrastructural improvements. <br /> <br /> <br /> <br /> <br /> <br /> <br /> -8- <br />