07-09-2016, 09:36 AM
Counterexample:
http://www.westhawaiitoday.com/news/loca...alii-palms
The development will be on the hook for as much as $793,000 - $13,672 per lot - in fair share contributions; money that will go toward roads, parks, police, fire protection and solid waste.
From this, the price tag of "full service" can be calculated:
Hawaiian Acres: 4006 lots x $13672 = about $55M
HPP: 8000 lots x $13672 = about $109M
As a 20-year bond issue, that $13K is only a $1-2K/year surcharge on your property taxes! (Of course the money would probably vanish mysteriously after being collected... building nice new roads elsewhere on island, or similar.)
http://www.westhawaiitoday.com/news/loca...alii-palms
The development will be on the hook for as much as $793,000 - $13,672 per lot - in fair share contributions; money that will go toward roads, parks, police, fire protection and solid waste.
From this, the price tag of "full service" can be calculated:
Hawaiian Acres: 4006 lots x $13672 = about $55M
HPP: 8000 lots x $13672 = about $109M
As a 20-year bond issue, that $13K is only a $1-2K/year surcharge on your property taxes! (Of course the money would probably vanish mysteriously after being collected... building nice new roads elsewhere on island, or similar.)