COM 0759.009 1996-1998 - Laserfiche WebLink

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03-1311,98 16:22 FAX 808 326 7713 OCEANSIDE 1230 PO' d. "Benefit' to Other Developments. The COUNTY finds that certain geographic portions of Mamalahoa Highway are currently congested and that any new development is severely restricted because of traffic considerations. Developments within the geographic region extending from Keauhou to the north and to Hawaiian Ocean View Estates to the south will benefit in varying degrees from the construction of the Bypass Highway. This benefit is based on the congestion relief provided by the Bypass Highway to Mamalahoa Highway/Kuakini highway as well as by providing direct access to the land along the Bypass Highway corridor. Accordingly, the amount of the 'benefit" of the bypass Highway will vary by geographic region. (1) Amount of Reimbursement to OCEANSIDE. The amount of the COUNTY's reimbursement to OCEANSIDE shall be based on a percentage of those income sources identified in subparagraph (15.c) which are collected or assessed by the COUNTY from other developers and land owners whom the COUNTY has determined as benefitting from the Bypass Highway. The percentage paid shall be in accordance with the geographic areas as described below, and as more particularly shown on Exhibit "P". Alta D==M m P .r n a 1. Keauhou 25% 2. Honalo-Captain Cook- Existing Mamalahoa Hwy Corridor 80% 3. Honalo-Captain Cook - Mauka Area 100% 4. Honalo-Captain Cook - Makai Area 10070 5. Captain Cook to Milolii 65% In recognition of the existing Keaiftu egad and traffic mprovem~en_ t% an-,Eair~Share" consthction im2act fee or similar fee ass csed on neti r >nnipgs by Lhe County council in the Keauhou Area may b satisfied in the form of cash land and/or facilities or any combination thereof acceptable to the Director. 223