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calculated to the same manner according to the number of proposed residential <br /> units m each increment The fair share contribution may be m a form of cash, <br /> land, facilities or any combination thereof acceptable to the Planning Director m <br /> consultation with the affected agencies However, the total amount shall be <br /> increased or reduced m propomon with the actual number of units according to <br /> the calculation and payment provisions set forth m this Condition U Thy; fair <br /> share contnbutton shall be adjusted annually beginning three years after the <br /> effective date of this change of zone ordinance, based on the percentage c hange m <br /> the Honolulu Consumer Price Index (HOPI) In lieu of paying the fair share <br /> contnbutton, the applicant may construct and contribute improvements!f.icihties <br /> related to pazks and recreation, fire, police, solid waste disposal facilities and <br /> roads within the region impacted by the proposed development, subject Gi the <br /> approval of the Planning Director m consultation with the appropriate agencies <br /> <br /> V Should the Council adopt a Unified Impact Fees Ordinance setting forth ~:ntena <br /> for the imposition of exactions or the assessments of impact fees, condtti~ms <br /> included herein shall be credited towards the requirements of the Unified Impact <br /> Fees Ordinance <br /> W In lieu of actual construction of infrastructure improvements as conditioned <br /> above, the applicant may enter into an agreement with the Planning Direr for and <br /> the Department of Public Works and the Department of Water Supply, d <br /> applicable, to assure the County that the infrastructure Improvements will be <br /> constructed together with the appropriate bond, surety or other security deemed <br /> acceptable to the Plaimmg Director and the Corporation Counsel Upon execution <br /> of such agreement and/or filing of the security with the County, if applic tble, <br /> Final Subdivision Approval for the subject property or portions thereof niay be <br /> granted prior to the actual construction of regwred infrastructure improvements <br /> unless otherwise restricted herein <br /> -7- <br /> <br />