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2. Objectives of the Request: If the change of zone is approved, the applicant's current <br /> proposed project includes plans to consolidate and re-subdivide the 3.29-acre project site <br /> into four (4) separate parcels that include more than 20,000 square feet of land area in <br /> order to accommodate the rezoning request to the MCX-20 zoning district. The applicant <br /> has stated that there are no immediate plans for construction or additional development <br /> upon approval of the rezone request. The intent of the proposed action is to allow for <br /> more certainty when trying to lease to potential tenants and to allow for financing to be <br /> more readily available, creating more economic stability for the site which will permit <br /> better maintenance of the site and structures. <br /> 3. Construction Timetable and Cost: There are no plans to expand the building envelope <br /> of the project site. All units, lots and floor areas are existing and will remain. Costs for <br /> this project include the consolidation and resubdivision and the permit process. No cost <br /> estimate was provided by the applicant. <br /> 4. Landowner: Martin Anderson Declaration of Trust, Norman Abraham Pi`ianaia Rev. <br /> Liv. Trust, And Kapoho Properties, LLC. <br /> 5. Supportive Information: The applicant has submitted the attached in support of the <br /> request: (Planning Department Exhibit 2 - Change of Zone Application dated <br /> 01/07/2020 and P.D. Exhibit 3-January 5, 2021 letter from Applicant) <br /> STATE AND COUNTY PLANS <br /> 6. State Land Use District: Urban. <br /> 7. Project Area Land Use History: The amended Urban Renewal Plan (URP) outlined <br /> permitted uses of the Hilo Iron Works site in the aftermath of the 1960 tsunami. The <br /> "Limited Industrial" uses permitted under the URP were intended as "interim" uses for a <br /> term of 35 years, or until such time that adequate control measures could be implemented <br /> to mitigate the effects of future tsunamis. No mitigation infrastructure has ever been built <br /> and the 35-year term of the URP has expired. Upon the expiration of the URP, the <br /> permitted uses at the Hilo Iron Works site reverted back to uses allowed within the Open <br /> zoning district which does not reflect the current uses occupying the Hilo Iron Works <br /> site. <br /> 8. Banyan Drive Hawaii Redevelopment Agency (BDHRA): According to the <br /> conceptual master plan created by the Banyan Drive Hawai`i Redevelopment Agency the <br /> -2- <br />