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<br />JACKSON: No, it wouldn’t be a condition. Typically when they bond the drainage <br />improvements, we enter into an agreement, the Planning Department and the developer, and <br />often times the agreement specifies the time that they have to perform. <br /> <br />CHURCH: Okay, so you’ll be reviewing that or you will see that. <br /> <br />JACKSON: Yes. <br /> <br />CHURCH: Okay, fine. The second thing is, what is the, has the amount for the fair share been <br />determined for this project? <br /> <br />JACKSON: The amount varies depending on when the fair share payment is made. So for <br />example, let’s say a year from now they were to receive final subdivision approval, we would <br />calculate the fair share payment based on the rates that are in your recommendation right now for <br />the 58 lots, and the payment would be made all at once. If the condition were to be changed as <br />the applicant is requesting, we would have to calculate fair share payments through the course of <br />possibly, you know, two or three decades depending on how long it takes each lot to sell. <br /> <br />CHURCH: Okay. Any estimate, though, any, just a, just a broad estimate of what it would be if <br />it were all improved in one phase? Do you have any idea? I’m just interested. <br /> <br />JACKSON: I can do the calculation, if you could just give me one minute. <br /> <br />CHURCH: Sure. <br /> <br />KAHOLO: Any more questions from the Commissioners? None. <br /> <br />CARR SMITH: Chairman, I was wondering why the five-year extension wouldn’t begin from <br />the 2014 date, which was when they, that was their previous date. So what happens between <br />2014 and 16? <br /> <br />JACKSON: Yeah, so typically we just give them the additional time from the date that the <br />action is taken to grant the amendment for time extension. That’s fairly standard with how we <br />grant time extensions. If the Commission would want to do it differently, they have option to do <br />that. <br /> <br />CARR SMITH: Thank you. <br /> <br />JACKSON: Commissioner Church, for your question, you would take the 58 lots and multiply <br />that by the approximately 13,000-dollar fair share amount, so it would be 754,000 dollars. <br /> <br />CHURCH: Okay, not an insignificant amount. <br /> <br />JACKSON: No. <br /> <br />4 <br />EXHIBIT B <br /> <br />