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(2) The council by resolution finds the appraised value of such assessment units <br /> in accordance with prevailing standards of appraisal then used by banks for <br /> loans thereon is twice the estimated cost of the proposed improvement [and <br /> that such approval is in the public interest.]; and <br /> (3) The council finds that such improvement is in the public interest." <br /> SECTION 5. Chapter 12, article 2, section 12-18 of the Hawai`i County Code 1983 (2016 <br /> Edition, as amended) is amended to read: <br /> "Section 12-18. Resolution to define extent of improvement. <br /> If, after initial or further advertisement and hearing when no changes are made which <br /> will require further advertisement or hearing, the council determines to proceed with the <br /> improvements, it shall, by resolution requiring not more than one reading for its adoption: <br /> (1) Create, define, and establish the extent of the frontage improvement or the <br /> improvement district to be assessed; <br /> (2) Define the kind, extent, and general details of the proposed improvements; <br /> (3) Describe each parcel of land to be acquired, if any; <br /> (4) Declare the part or proportion of the cost of the improvement which is to be <br /> borne by the County; <br /> (5) Describe the assessment units and method of assessment[;], including, if <br /> applicable, any affected assessment units with respect to a reasonably <br /> anticipated future change in classification or use and the related changes in <br /> assessments to be effective upon such change in classification or use; <br /> (6) Describe the kinds of materials to be used; <br /> (7) Direct the responsible director or manager as provided in section 12-19; [and] <br /> (8) If the proposed improvement includes construction or improvements of a water <br /> system, make requests as provided in section 12-20[-]; and <br /> (9) If the improvement district includes any affected assessment units, as identified <br /> pursuant to paragraph (5) above, approve the change in assessments upon the <br /> change in classification or use of such assessment units, provided that (A) the <br /> changed assessments are consistent with the assessments against other <br /> comparable assessment units within the improvement district, and (B) the <br /> 7 <br />