RES 041 Draft 01 2010-2012 - Laserfiche WebLink

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i. General Boundaries of Improvement District The Improvement District shall be comprised of all assessment units located within the Subdivision, comprised of TMKs 7 -2- 008:1 -41 (excluding lot 39, which is not part of the Subdivision) and TMKs 7- 2- 09:1 -42 (excluding lot 41, which is the road lot). j. Maximum Estimated Units of Assessment The current estimated maximum number of assessment units within the Improvement District is eighty -one (81). Assuming Net Project Costs of $1,216,000, the anticipated assessment per assessment unit will be $15,012.35. 3. Consultation with Department of Public Works The Manager -Chief Engineer of DWS submitted relevant documents and materials to the Director of the Department of Public Works ( "DPW ") for review. By letter dated January 31, 2011, a copy of which is attached as Exhibit B and incorporated herein by this reference, the Director of DPW advised the Manager - Chief Engineer of DWS that involvement of DPW is not required because the proposed project is strictly a water system within a private subdivision and the subdivision roads are privately owned. Accordingly, the Council hereby finds that the requirements of Sections 12 -10(b) and (d), Hawaii County Code, to the extent applicable have been satisfied without further involvement of DPW. 4. Assessed Tax Valuation The Real Property Tax Division of the Department of Finance has confirmed that the current assessed tax valuation of the assessment units is $11,727,700 in total 2010 -I1 land value and $14,233,500 in 2010 -11 building value, which is at least twice the estimated Net Project Costs of the water system for the proposed Improvement District. Accordingly, the proposed Improvement District meets the qualifying criteria specified in Section 12- 10(h), Hawaii County Code. 5. Facilities Connection Charge Owners of assessment units who are not presently customers of DWS shall pay the applicable facilities connection charge upon connection to the completed special improvements. This charge will not apply to owners who already have service from DWS or have made prior payments of the charge to DWS. 6. Future Increase in Assessment Units In accordance with the provisions of Section 12- 30(c), Hawaii County Code, in the event of an increase in the number of assessment units in the Improvement District resulting from subdivision, annexation, conversion to condominium property regime or otherwise, the Department of Finance shall reallocate the outstanding assessments within the Improvement District among the assessment units subject to such outstanding assessments, including the resulting new assessment units. 7. Provisions Regarding Combination Hearings a. The Council determines that the public hearings relating to the special improvements and the establishment of the Improvement District provided for under Sections 12 -10 and 12 -27 of the Hawaii County Code shall be combined, as permitted under Section 12 -28 of the Hawaii County Code. 5