BIL 096 Draft 03 1996-1998 - Laserfiche WebLink

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. l " . 5. $3,101.68 per lot, for an indicated total of $155,084.00 to the State or County to support road and traffic improvements. The fair share contributions described above shall be adjusted annually beginning three years after the effective date of the change of zone, based on the percentage change in the Honolulu Consumer Price Index (HCPI). In lieu of paying the fair share contribution, the applicant may construct and contribute improvements/facilities related to parks and recreation, fIre, police, solid waste disposal facilities, and roads within the region impacted by the proposed development, subject to the approval of the director. The cost of providing and constructing the improvements required in Condition F shall be credited against the sum specifIed in Condition P(5) for road and traffic improvements and Condition 0 shall be credited against the sum specified in Condition P(I) for parks and recreation. For purposes of administering Condition P, the fair market value of land contributed or the cost of any improvements required or made in lieu of the fair share contribution shall be subject to the review and approval of the director, upon consultation with the appropriate agencies. Q. In lieu of actual construction of infrastructural improvements as required under Conditions E, F, H, J, and 0, the applicant may enter into an agreement with the County to assure the County that the infrastructural improvements will be constructed together with the appropriate bond, surety or other security deemed acceptable by the Planning Director or appropriate agencies and approved by the Corporation Counsel. Upon execution of such agreement and/or filing of the security with the County, final subdivision approval for the subject property or portions thereof shall be granted prior to the actual construction of required infrastructural improvements. -8-