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While the fair share assessment amounts are substantial, they ha
<br />analysis done in 2004 determined that over $74 m illion had been assessed on new zoning in the ten years
<br />of the program, but only $3.6 million had been co llected in cash and anot her $15.2 million had been
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<br />provided by developers in the form of in-kind contributions in r This is because most
<br />of the land that has been subject to fair share assessm ents at zoning has not yet been subdivided. If the
<br />fair share assessment amounts had been in the form of impact fees collected at time of building permit,
<br />they would have generated $103 million in cash an d credits since January 2000, and if they had been
<br />assessed on nonresidential as well as residential de velopment, they would have generated $170 million
<br />in less than six years, as shown in Table 5.
<br />Table 5
<br />POTENTIAL REVENUE, 2000-2005
<br />FacilityResidential NonresidentialTotal
<br />Roads$44,176,556$58,813,053 $102,989,609
<br />Parks$50,038,557$0 $50,038,557
<br />Police$2,273,269$2,743,975 $5,017,244
<br />Fire$4,783,316$3,618,026 $8,401,342
<br />Solid$2,102,646$1,812,255 $3,914,901
<br />Total $103,374,344$66,987,309 $170,361,653
<br />Source: Estimated revenue based on building permits issued from January
<br />2000 through August 31, 2005 and annual fair share assessment ra
<br />ÑFair Share ContributionsÏAdjustment s for inflation using the Honolulu
<br />Consumer Price Index.Ò
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<br /> HawaiÔi County Planning Department, Fair Share Contributions Annual Report 2004 , May 21, 2004
<br />H Ô C \I N A ÐP A M January 5, 2006 , Page 11
<br />AWAI I OUNTY NFRASTRUCTURE EEDS SSESSMENT OLICY NALYSIS EMORANDUM
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