RES 264 Draft 01 2012-2014 - Laserfiche WebLink

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h. General Boundaries of Improvement District. The Improvement District shall be comprised of assessment units located within the Subdivision identified in the Director's Report. i. Maximum Estimated Units of Assessment. The current estimated maximum number of assessment units within the Improvement District is one hundred forty five (145). The anticipated assessment is $9,868 per SFE; the number of SFE's per assessment unit varies based on existing use or zoning, as specified in the Preliminary Assessment Roll. 3. Consultation with Department of Public Works. The Director of DEM submitted relevant documents and materials to the Director of the Department of Public Works ("DPW") for review. By letter dated October 24, 2013, a copy of which is attached as Exhibit B and incorporated herein by this reference, the Director of DPW advised the Director of DEM that upon DPW's review of the relevant materials and documents submitted to it by the Director of DEM, involvement of DPW is not required because the proposed project is strictly a sewer system and the County roads affected by the Project would be restored to their existing pavement width in accordance with DPW standards. Accordingly, the Council hereby finds that the 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 $17,670,200 in total 2013-14 land value and $25,606,400 in 2013-14 building value, which is at least twice the estimated Net Project Costs of the sewer 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. 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 m