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<br /> 09.91,98 16:21 FAX 808 926 7719 OCEANSIDE 1250 Z006 <br /> <br /> <br /> <br /> <br /> <br /> (c) Any other monetary contribution paid to the COUNTY from <br /> <br /> developers or land owners, whom the COUNTY determines as benefiting from the Bypass <br /> <br /> Highway, to address potential regional impacts of such developer's or land owner's development <br /> <br /> on road facilities; <br /> <br /> (2) In addition to the reimbursement funds identified in Paragraph <br /> <br /> (15.c.1), OCEANSIDE shall be entitled to "Fair Share" contributions in the amount of $3.6 <br /> <br /> million, as may be adjusted from time to time, paid to the COUNTY by Kealakekua Development <br /> <br /> Corporation or its successors to address potential regional impacts of Kealakekua Development <br /> <br /> Corporation's project, less 51.3 million representing contributions toward Mamalahoa Highway <br /> <br /> Improvements and improvements to Greenwell Park as required by Conditions K and N(2), <br /> <br /> respectively, of Ordinance 95-70, as may be amended. <br /> <br /> (3) Should the COUNTY Council adopt an impact Fee Ordinance, <br /> <br /> developers and land owners whom the COUNTY determined as benefitting from the Bypass <br /> <br /> Highway shall receive Highway Credits to be applied toward the requirements of a Impact Fee <br /> <br /> Ordinance. <br /> <br /> (4) So long as the COUNTY shall assess those new rezonings 3yhich <br /> <br /> increase the allowable Density of develonmenta under common owne1chin o. f each <br /> landowner in the vicinity of Mamalahoa Highway a fair share contribution, or if adopted, an <br /> <br /> impact fee, to address the regional impacts of the aggregate in rc eaCPrl not h o 'gln 1 Density <br /> <br /> gL their developments on road facilities, OCEANSIDE acknowledges and understands that should <br /> <br /> any funds or options identified in the preceding sections 15.b and c. fail to materialize or fail to <br /> <br /> meet the remainder of the total cost of the Bypass Highway, the COUNTY shall not be held <br /> <br /> responsible for any reimbursements. <br /> <br /> <br /> 24 <br />