RES 244 Draft 03 1996-1998 - Laserfiche WebLink

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• • 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" Area Description 1. Keauhou 2. Honalo-Captain Cook - Existing Mamalahoa Hwy.Corridor 3. Honalo-Captain Cook - Mauka Area 4. Honalo-Captain Cook - Makai Area 5. Captain Cook to Milolii Percentage 25%* 80% 100% 100% 65% *In recognition of the existing Keauhou road and traffic improvements, any "Fair Share" contribution, impact fee or similar fee assessed on new rezonings by the County Council in the Keauhou Area may be satisfied in the form of cash, land and/or facilities, or any combination thereof acceptable to the director. (2) Collection of Funds. Any Reimbursement Funds received by COUNTY shall be held in trust for OCEANSIDE and promptly remitted to OCEANSIDE by the COUNTY no later than ninety (90) days following the COUNTY's receipt of such remittance. e. Private Agreements. The provisions of this Paragraph shall not preclude OCEANSIDE from entering into private agreements with the State and/or such other developers or landowners to allocate the payment of Reimbursement Funds related to the Bypass Highway directly to OCEANSIDE. OCEANSIDE shall submit receipts of such payments to the COUNTY. f. Reimbursement Agreement. The provisions for reimbursement contained in this Agreement shall constitute an agreement for reimbursement between COUNTY and OCEANSIDE, which agreement shall satisfy the mandates of Condition L of Ordinance 96-8, and Condition M of Ordinance 96-7. 16. ROADWAY STUB -OUTS. OCEANSIDE shall provide roadway stub -outs, generally shown in Exhibit "Q", to provide future connections between the Property and its adjacent north and south boundaries. Such roadway stub -outs shall be constructed in phases and in conjunction with the completion of subdivision improvements on adjacent Property. 16