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Aaron S.Y. Chung, Council Chair and Members of the County Council County of Hawaii Page 12 • Up to 30,000 square feet of commercial space in the University Village Town Center, • Up to 60 hotel rooms (for a total of 120 hotel rooms at the end of Phase III), • A second wastewater treatment plant, • Signalized intersection at Queen Ka`ahumanu Highway and Road 2 (University Drive), • Signalized intersection at Ka`iminani Drive and Road 3A (Ane Keohokalole Highway). Phase IV (Final Phase of Development) • Continue the build-out of the University Village Town Center and Business Park, • Construct the remaining 661 residential units located mainly between Road 6A and the eastern property boundary, makai of Makalei Estates. • Road 6A would be constructed. • Road 2 (University Drive) would be extended to the eastern property boundary to connect to Makalei Drive, which is a private roadway owned by the Makalei Estates Community Association. • Road 1 extending from the terminus of Main Street (Road 3A/Ane Keohokalole Highway)to Mamalahoa Highway as shown on Exhibit A-1 of the Applicant's Regulating Plan, would be constructed or bonded by the applicant prior to subdivision approval or building permit issuance for the 901St residential unit. The applicant has been consistently meeting with the Planning Department through its Kona Community Development Plan(KCDP) Design Center and has spent considerable time and money to create an updated Master Plan or"Regulating Plan", which in 2019 was determined by the Design Center to be consistent with the KCDP. During this planning process and in dealing with the current financial and market challenges, Palamanui came to realize it would be in the best interest of the community, the UH, and Palamanui to develop the project based on the new KCDP, which was adopted in 2008,just before the adoption of Project District Ordinance No. 09 132.