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<br />(ii) Costas Property: assigned a cost share assuming a six-lot <br />subdivision contributing to all Specific Plan shared infrastructure <br />improvements. The final share will be based on the number of lots <br />actually approved. Payment of the total lot share will be due at the <br />time a final map is filed for approval. <br />(iii) City Fire Station No. Five: assigned a total cost share equal to two <br />EDU's of the sewer improvements. This share will be due at the <br />time of construction of the Part 4 shared sewer improvements. <br />(iv) Any other out-of-area project determined to benefit from Specific <br />Plan Area shared infrastructure improvements shall have the <br />determination of this benefit made at the time of project approval. <br />following the assumptions/coefficients used in the Specific Plan <br />for such determination. <br /> <br />ExamDle 4A. Developer A of Lot 28 proposes to develop 15 new lots. 3/ewer <br />than allocated in the Specific Plan. Developer A will nonetheless pay the shared <br />cost for the18 lots permitted in the Specific Plan. <br /> <br />Financing Program #5. In the event a modification to the Specific Plan is made (or a <br />new out-of-area contributor's share is determined) which affects the total number of <br />EDUs for any of the shared infrastructure improvements. Table 2 shall be modified to <br />include the new total EDUs which shalt be used to calculate all subsequent Lot cost <br />shares. <br /> <br />Exam"le 5A Assume the Foley Property seeks developmenT approval and is <br />approvedfor 10 units. Further assume these units connect TO Specific Plan <br />sewers and realigned Vineyard Avenue. but use Ruby Hill-installed water mains. <br />The Foley Property project would pay a share o.fsewer main costs equal 10 10 <br />EDUs. would have its road casts (EDUs) determined either as a Specific Plan <br />project or similar to Ruby Hill. and would not pay/or Plan Area water costs. <br />Other infrastructure improvements would be determined similarly. <br /> <br />Financing Program #6. Modifications to the cost shares shall operate prospectively <br />only. Once payment of the fee or construction of improvements in lieu of fee payment <br />has been completed, the fce as to that Lot shall not be recalculated. whether the total cost <br />share increases or decreases. <br /> <br />Examole 6A. Lot 4 develops 7 lots in June. 2000. paying ils lotalfee. 1n October, <br />a modification to the Specific Plan allows a restaurant/shopping complex on Lot <br />28. A4justments to account for the intensified use reduce the per unit cost by <br />$2,OOO/unit. Neither the Lot 4 developer nor succeeding property owners (!{ Lot 4 <br />parcels is entitled to a rebate of$10, 000. The per lInit cost recalculation is made <br />forluture uses only, and only fulure uses would benefit. <br /> <br />5 <br />