COM 1076.000 2006-2008 - Laserfiche WebLink

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PREFACE Pursuant to Hawaii County Code section 2-162.1, which requires the Planning Department to submit an annual report on all community benefit assessments and exactions', this report summarizes fair share assessments, collections, and expenditures for the Council's review and use in the formulation of the capital budget. Fair share contributions collected in cash should be expended within the district of the assessed project for capital projects with regional benefits (nexus requirement). The following summarizes the fair share contributions assessed, collected, and expended: • Total Assessed. Of the rezonings through June 30, 2007, fair share assessments totaled $96,125,088.98 (see Table 1), However, it must be emphasized that this amount is based on the proposed development at the time of rezoning, and the amounts are not due until subdivision or plan approval based on the actual project built. When the amounts do become payable, the Planning Department adjusts the initial assessments based on the actual number of units and the consumer price index at the time of payment. Total assessments are as follows: o North Kona ($50.OM) o South Kohala ($20.3M) o North Kohala ($8.4M) o South Hilo ($7.IM) o North/South Kona ($5.8M)2 o South Kona ($3.8M) o Hamakua ($0.4M) o Puna ($0.3M) o North Hilo ($.02M) o None in Ka'u. From the date of the last report in 2007, new rezonings and associated assessments occurred only in South Hilo, North Kona, and North Kohala. Table 2 is a detailed list of names, assessed amounts, permit numbers,3 adjustments, and payment status. • Payments Received. Table 3 summarizes the cash balance in the capital projects fund and the park dedication fund, as well as the value of the in lieu assets credited. Table 4 provides a detail of the transactions that tie in to the respective amounts listed in Table 3. Table 5 summarizes The types of community benefit assessments and exactions imposed through Planning Department permit conditions include: 1) fair share contributions exacted as conditions of rezoning approvals or Use Permits (cash or in lieu capital improvements); 2) park dedication exactions pursuant to Hawaii County Code chapter 8 administered through subdivision approvals (cash or land); 3) public access dedication exactions pursuant to Hawaii County Code chapter 34 (land in fee or easement) administered through subdivision approvals; and 4) golf course community benefit assessments exacted as conditions of Use Permits. x The Hokulia project straddled the North and South Kona districts, so these funds are available for projects in either district. In the tables, the numbers following colons refer to the Rezoning Number. With this number, the Planning Department can determine the Ordinance No., applicant, and other information related to the rezoning. In Table 2, the "unpaid" status does not mean that the Planning Department failed to collect the amount from the applicant; rather, it means the property is undeveloped and that the applicant has not yet triggered the payment by a subdivision or plan approval application. t