COM 1077.000 2018-2020 - Laserfiche WebLink

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■ Condition H (Modify Requirement for Location of Spine Road within Project Site) ■ Condition I (Modify Required Location of Kuakini Highway Intersection) ■ Condition V (Delete Entire Condition Relating to School Site) ■ Condition W (Modify Fair Share Provision to Remove Reference to School Site) ■ Condition Y (Delete Entire Condition Relating to Housing Requirement) ■ Condition Z (Affordable Housing Language) ■ Condition BB (Modify Condition to Allow Administrative Time Extension 2. Applicant's Reasons for the Requests: After receiving the zoning approval in 2005, the applicant did some work to address a number of conditions over the following 2-3 years, including conveyance of a 5 -acre site for a future school as required by Condition V. The subdivision of the school site from the subject parcel received tentative approval, however final approval was contingent upon making substantial infrastructure improvements that would be feasible only if the commercial and residential project were developed simultaneously. Due to global economic meltdown that occurred over a decade ago, the applicant believes that securing the required financing to initiate and complete the project as represented was too difficult to obtain and thus decided to prioritize exploring alternative uses of the property, and exploring sources for construction financing. The applicant believes that the current economic outlook is amenable, however time is still needed for the applicant to address the various conditions of approval, to incorporate and finalize plans, and to secure the required financing. 3. Current Proposed Plan: The applicant initially proposed to develop a neighborhood commercial shopping center to primarily serve residents of the neighboring residential subdivisions. The original project was not intended to be a regional shopping center. The original proposal included a 93,600 square -foot complex that would house varied conunercial uses, such as financial institutions and office spaces. Also proposed was 500+ parking stalls with appropriate accessibility requirements. According to the applicant, the current proposal includes a proposed reduction in the size of the commercial project from 93,600 square feet to 72,600 square feet. Also included in this -2-