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Dru Kanuha, Council Chair <br /> and Members of the County Council <br /> Page 5 <br /> the subject property. Additional governmental requirements may include the issuance of <br /> building permits, compliance with the Fire Code, installation of improvements required <br /> by the American with Disabilities Act (ADA), among many others. Compliance with all <br /> applicable governmental requirements is a condition of this approval; failure to comply <br /> with such requirements will be considered a violation that may result in enforcement <br /> action by the Planning Department and/or the affected agencies. <br /> Condition V <br /> Granting of the amendment to Condition V would be contrary to the original <br /> reasons for granting the rezone. Although the request to amend Condition V is not <br /> contrary to the General Plan or Zoning Code, it is contrary to the original reasons for <br /> granting the rezone since it would defer payment of the fair share fee to when lots/units <br /> are sold. The applicant proposes to execute irrevocable escrow instructions prior to Final <br /> Subdivision Approval, which require the payment of the fair share contribution at the <br /> closing of sale of each single-family residential unit/lot. The Director has consulted with <br /> the Department of Finance, which is responsible for tracking payments and Capital <br /> Improvements Project (CIP) expenditures from the Fair Share Account. Both the <br /> Planning Director and Finance Director do not support the request to amend Condition V <br /> for several reasons. First,the request would not be fair and equitable since it defers <br /> payment to the close of sale, when other developers currently have to pay at final <br /> subdivision. It would also be inconsistent with how the County currently collects fair <br /> share payments. Rather than calculating one fair share contribution at Final Subdivision <br /> or Plan Approval, Planning staff would have to calculate multiple fair share contributions <br /> as each unit/lot sells,potentially over a long period of time if units/lots do not sell <br /> quickly. This would require significantly more staff time and resources to complete. It is <br /> also possible that if a lot does not sell and the original developer retains ownership, a fair <br /> share payment would not be made for that lot. Thus payment of a fair share fee for each <br /> lot would not be guaranteed. If approved, the Planning and Finance Departments would <br /> have to monitor two systems of fair share payment since there are legacy ordinances <br /> under the current payment method. Logistically this would be challenging and may <br /> increase the potential for audit issues as it would be difficult to track which lots have or <br /> have not sold over decades and calculate any necessary Honolulu Consumer Price Index <br /> (HCPI) adjustments to the fair share fee. <br />