COM 0495.000 2008-2010 - Laserfiche WebLink

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The Honorable J Yoshimoto, Chairman and Members of the County Council Page 8 permit for residences in the Project. If third party fundingfor or at least 50% of the construction cost for the segment of Road "4" that is not within the State of Hawaii land is then available. Applicant will fund the remainder of the construction cost and complete Road "4" before the building permit for the 401" residential unit in the Project is issued. The improvements for Road "4" shall be secured by a $10,000,000 bond or other surety meeting with the approval of the Planning Director to guarantee that the improvements will be completed as required by this ordinance. The bond or other surety shall be made prior to issuance of Final Subdivision Approval for any subdivision in the Project containing a single family residential lot. g. Amend Condition EE, 1 1. "Connectivity with the University of Hawaii 500 acre site: applicant shall allow the University of Hawaii to connect with its wastewater and water supply systems. Applicant shall also allow the University of Hawai `i to connect electrical and telecommunication systems to facilities installed within the project. These connectivity sites shall be to the University's satisfaction and located along its northern boundary on Road "I A". h. Amend Condition PP: "The applicant shall make its fair share contribution to mitigate the potential regional impacts of the property with respect to parks and recreation, fire, police, solid waste disposal facilities and roads. The fair share contribution shall become due and payable on the sale or lease of residential units subject to such contribution. The fair share contribution shall have a maximum combined value of $6,411.25 per multiple family residential unit ($9,991.20 per single family residential unit). The total amount shall be determined with the actual number of units according to the calculation and payment provisions set forth in this condition. The fair share contribution per multiple family residential unit (single family residential units) shall be allocated as follows: I . $3,162.49 per multiple family residential unit ($4,817.93 per single family residential unit) to the County to support park and recreational improvements and facilities;