|
this landowner and this developer has done, he's done like a whole bunch of stuff: He's already
<br />addressed and completed the affordable housing requirement; he's already paid for the fair -share
<br />requirement; he's already done, you know, like, through SHPD's cooperation, a lot of these
<br />archaeological mitigation activities. And when you look at like other developers or other
<br />applications who've come in for requests, you ask yourself, have they come to this level? You
<br />know, it, to me, was really obvious that if it weren't for this peculiar situation of the possible
<br />developer falling out, this project would be a reality today; there would be no need for a time
<br />extension. But, you know, if you didn't have any sincerity and wanted to have the project go,
<br />you know, like, develop the project and basically spend it up, you wouldn't do all of these things;
<br />you would pass it on to the next buyer. So, that's my only, I guess, response to your question,
<br />Commissioner Vitousek.
<br />CARR SMITH: That's a good point, Sid. When I read through the background, I was actually
<br />impressed by the number of things that the developer had taken care of already. So, is there
<br />another financial partner in place, or no?
<br />FUKE: They were in discussion, but everything is fluid right now because of the COVID-19
<br />issue, and the question becomes now whether the model that was originally thought of by, you
<br />know, with the Aman, you know, representatives, whether that model currently works today
<br />becomes very questionable. So
<br />CARR SMITH: Right.
<br />FUKE: —you know, given the Multiple -Family zoning, they may want to do like triplexes or
<br />four-plexes or, you know, those kind of thing just to reduce the construction costs. But a lot is
<br />going to depend on what is going to be the ultimate market.
<br />CARR SMITH: Understood. Max, go ahead.
<br />NEWBERG: I just wanted to enter into this discussion. I do appreciate what the developer has
<br />done up to this point, and to make sure I'm on the same timeline as well, I believe after the
<br />archaeological approvals, the entryway into this development was at least developed; the egress
<br />off of the bypass road was made up the hill and things of that nature. I do appreciate that fact. I
<br />also appreciate how it's been downsized to 29 single-family plots, which seems a little bit more
<br />applicable looking at the archaeological demands. And also, realizing that not each development
<br />is apples to apples, I also see the developments in that near area, such as Holua Kai, moving
<br />forward with their development at that same timeline. Again, different area, different challenges,
<br />yet we went through a full construction cycle of good times and good, relatively good economic
<br />situation. To make that statement, I, I would like to somehow, moving forward, have a, a good
<br />way of approaching these, because every development is different, every challenge of every site
<br />is different. I'm not saying that I'm on the fence, but I do want to make sure that we're
<br />approaching all of these applicants in a fair manner as to extending these time extensions. I just
<br />wanted to make that statement.
<br />CARR SMITH: Thank you, Max. Perry, go ahead.
<br />8
<br />DRAFT
<br />
|