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2. Reason for the Request: According to the applicant, the subject property was purchased <br /> as a partnership in 2008. With the downturn of the economy, one of the partners was <br /> unable to continue and withdrew from the partnership. The applicant bought out that <br /> portion of the property. In 2012, the other partner was forced to withdraw from the <br /> partnership. Again, the applicant bought out the other portion of the property. With the <br /> partnership dissolved, the subject parcel was put solely in the Correa Trust. After <br /> resolving the partnership issues and granted a time extension, the applicant began malting <br /> improvements to the property. However, according to the applicant, they had already <br /> started other projects with time requirements mandated by financial institutions involved <br /> in funding those projects, making it difficult to continue progress on conditions for the <br /> subject proposal. <br /> 3. Supportive Information: The applicant has submitted the attached in support of the <br /> request: (Planning Department Exhibit 1 —Rezone Amendment Application dated <br /> January 21,2 02 1) <br /> 4. Landowner: Henry J. Jr.Trust, Kristilee Correa Trust <br /> BACKGROUND INFORMATION <br /> 5. January 22, 1992: Effective date of Ordinance No. 92 7 which amended the zoning <br /> district classification from Agricultural (A-3a) to Single-Family Residential (RS-10). The <br /> applicant was Puluwai, LLC. <br /> 6. March 13, 1992: Planning Department issues Tentative Subdivision Approval of the <br /> preliminary plat map for Subdivision No. 92-000010. (Planning Department Exhibit 2 <br /> —Tentative Approval Letter Dated March 13, 1992) <br /> 7. March 15, 1993: Planning Department acknowledges submittal of the final subdivision <br /> plat map. However, to date subdivision improvements have not been completed and Final <br /> Subdivision Approval has not been issued. <br /> 8. November 29, 1994: Planning Director grants an administrative extension of time to <br /> March 13, 1996 to comply with Condition C of Ordinance No. 92 7. <br /> 9. July 13, 2005: Effective date of Ordinance No. 05 110, which amended Ordinance <br /> No. 92-7 to allow amendments for Condition B (time to secure water commitments), <br /> Condition C (time to submit and secure final subdivision approval) and Condition O <br /> -2- <br />