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such as a DOE -certified "public charter" school, would be the <br />recipient of this school site. The school site and any improvements <br />thereon shall be conveyed via, lease to the identified recipient for <br />$1.00 for the duration of the lease, with the understanding that said <br />entity or agency would be able to secure additional funds as may <br />be necessary to have a school opened prior to or in conjunction <br />with the issuance of a residential occupancy permit on the subject <br />property. Further, should the school use be terminated for any <br />reason, the land and improvements thereon shall be conveyed in <br />fee to the County of Hawaii at no cost within thirty (30) days of the <br />date of termination. <br />Within sixty (60) days of the identification of the receiving agency or <br />entity, a draft of an agreement reflecting the terms outlined in this <br />ordinance shall be submitted to the County Council for its review <br />and approval. <br />As further represented by the applicant, the applicant ... shall 1) prior <br />to the issuance of a building permit for any residential or <br />commercial structures on the subject site, a) subdivide and <br />dedicate or cause the dedication of 5 acres of land within T M. K. 7- <br />5-17: 19 and7or T. M. K. 7-5-17:.23 for a school site to the State DOE <br />or a DOE -certified "public charter', and b) provide the necessary <br />infrastructure to the site, including vehicular access and utility <br />systems; and 2) prior to the issuance of a Certificate of Occupancy <br />for any residential structures on -the subject site, make the <br />necessary on-site land improvements for the school and associated <br />playground area, as well as construct or cause the construction of <br />up to $600, 000 of building or structural improvements as may be <br />mutually agreed to between the applicant and the receiving agency <br />or entity These improvements are designed to facilitate the <br />opening of a school prior to the occupancy of any residential <br />structures on the subject property. <br />The applicant solicited input of the State Department of Education <br />("DOE"), County Council, and community. This resulted in a letter, <br />dated May 17, 2006 from the applicant to the County Council <br />transmitting a copy of a draft conveyance agreement, of the proposed 5 <br />acres school site to the Innovations Public Charter School Foundation <br />('61nnovations"). (Exhibit F) At its meeting of July 7, 2006, the County <br />Council approved the proposed agreement. <br />The condition then required the land — which is situated on the <br />adjoining parcel immediately makai of the subject site - be conveyed <br />prior to issuance of a building permit for either the proposed <br />neighborhood shopping center or a residential project on the subject <br />