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as all service providers, must provide accurate <br /> and detailed infrastructure costs to be <br /> incorporated into the Specific Plan' s financing <br /> plan. <br /> The allocation of costs . An important task for <br /> the County Planning Division will be to allocate <br /> capital costs in an equitable manner, both to <br /> properties within the Project Site and to <br /> properties outside of the Project Site <br /> (conceivably, some capital costs, such as those <br /> relating to highway improvements, would benefit <br /> properties outside of the Project site) . This <br /> allocation of costs must be performed prior to <br /> formation of special districts to finance <br /> services/facilities for the proposed Project and <br /> prior to the specification of impact fees (e . g . , <br /> fees for transportation facilities) that would <br /> be needed to pay for capital improvements . <br /> Ability to pay. The Specific Plan financing <br /> plan must ensure that capital cost burdens are <br /> reasonable and affordable for local property <br /> owners (i .e. , the lien amount should not exceed <br /> 33 percent of the value of the property or <br /> property taxes and assessments should not exceed <br /> two percent of the property value) . <br /> • At the Specific Plan stage, the County must negotiate <br /> a development agreement that obtains dedications of <br /> lands for park development, for streets, and other <br /> on-site improvements, and for other municipal-type <br /> public facilities . <br /> • Prior to commencement of development, the County must <br /> create a localized entity (or entities) within the <br /> Project site to support public facility improvement <br /> financing and ongoing maintenance costs . Such <br /> entities include special assessment districts and <br /> Mello-Roos community facilities districts . Bonds <br /> issued under either type of district could represent <br /> an important source of revenues for infrastructure <br /> construction, contingency funds, and, in certain <br /> cases , ongoing maintenance activities . <br /> • See FEIR, Section 4 . 10 . <br /> C2-48 <br /> 1 r/0202r <br />