2010-2011FairShareAnnualReport - Laserfiche WebLink

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Fair Share Contributions: As a condition of an ordinance amending the Zoning Code, the County Council may require applicants to make a Fair Share contribution to mitigate the potential regional impacts of the development with respect to parks and recreation, fire, police, solid waste disposal facilities, and roads. The value of the contributions is based on the cost of public facilities per developed unit, and the County Council determines whether the Fair Share contribution is made as cash, land, facilities, or any combination thereof. The Fair Share contribution is typically due and payable prior to the receipt of Final Subdivision or Plan Approval and is based on the actual number of units developed. Fair Share Appropriations: All projects using Fair Share funds must be appropriated by the County Council, with the appropriation identifying Fair Share as the funding source for all or a portion of the total project costs. Fair Share expenditures must have a"rational nexus"to the impact caused by the development. "Rational nexus" means the expenditure must benefit the fee-paying development and be directly related to the impact caused by the fee-paying development. Moreover, the expenditure should not duplicate the services paid by the development through other means such as property taxes. An eligible project for Fair Share, therefore, should meet the following criteria: • Capital improvement(not services that are funded by property taxes as part of the County operational budget); • New construction (not major repairs or renovations that correct existing deficiencies); • Located in the judicial district in which the Fair Share was collected (to benefit the fee-paying development); • Regional benefit(not limited to a single neighborhood or community). Fair Share Annual Report: Pursuant to Hawaii County Code section 2-162.1, this report summarizes Fair Share contributions and appropriations through the end of fiscal year 2010-2011 (June 30, 2011). • Total Contributions. Table 1 details the cash payments to the capital projects fund and the park dedication fund, as well as the value of the in lieu assets credited. Through June 30, 2011, a total of$8,927,186.25 in cash contributions had been made, not including the park dedication fund. In lieu credits, all of which require County Council approval by resolution or ordinance, include improvements paid for by the applicant, planning or design services paid by the applicant for capital improvement projects, land dedicated to the County or another approved entity, or cash paid to an approved non-County entity. • Total Appropriations. Table 2 details appropriations authorized by the County Council from the Fair Share capital projects fund. As of June 30, 2011, there were $2,334,860.40 in appropriations that have been expended or have not lapsed. • Fund Balance. As of June 30, 2011, the Fair Share fund balance totaled $6,592,325.85. The fund balance equals the total contributions (Table 1) less the total appropriations that have been expended or have not lapsed (Table 2). Fair Share Annual Report,as of June 30,2011 1