RES 074 Draft 01 2010-2012 - Laserfiche WebLink

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requirements of Sections 12 -10(b) and (d), Hawai`i 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 2010-11 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 Council finds the proposed Improvement District meets the qualifying criteria specified in Section 12- 10(h), Hawai`i County Code. 5. Facilities 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), Hawai`i 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. In accordance with Section 12 -10(c) of the Hawai`i County Code, the Council hereby adopts and incorporates by reference, the surveys, plans, maps, and other data reported by the Manager -Chief Engineer of the Department of Water Supply in the Manager's Report. 8. A public hearing on the proposed improvements shall be held not more than forty - five (45) days after the adoption of this resolution and not less than fifteen (15) days after the first publication thereof in at least one newspaper of general circulation in the County of Hawai`i. Copies of the notice shall also be posted at a public place in the district in which the proposed Improvement District is located at least ten (10) days prior to the public hearing. 8