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5. Residential Units Entitled within the Waikoloa Beach Resort (WBR): Land Use Commission (LUC) Docket A89-637 was approved in January 1990 to reclassify approximately 853.2 acres of land identified as the mauka area of the WBR, including the land that covers the Kumu Hou project area. This decision allowed the development of 3,365 residential units to be spread throughout the resort, including 1,600 to 1,760 in the mauka area. The 1991 amendment to SMA 25 indicated that the resort's mauka area would include 1,604 residential units(that can be both permanent and timeshare units). Kumu Hou's proposed 1,164 multi-family timeshare units and 25 single-family lots fall within those limits and within the allotted share for each landowner(see Figure 2 in the July 28, 2021 supplemental information letter submitted by the applicant). 6. Economic Impact: PBR Hawaii conducted an economic and fiscal assessment of Kumu Hou dated March 2021 that analyzed anticipated job creation and earnings and government revenues related to the Kumu Hou project by phase in 2020 dollars (see Appendix 11 of the application). The assessment found that during the pre-and early construction phase (2021 to 2026), some 350 full-time equivalent (FTE) development and operations-related jobs would be generated in an average year, most on Hawai`i Island with an expected $26 million in personal earnings a year. During the estimated buildout period (2027 to 2042),the project is anticipated to support an average of 520 FTE development-related jobs (at $79,000 per) and 930 FTE operational jobs (at$61,000 per) in any given year. Upon full buildout, the Kumu Hou project is anticipated to generate an estimated 1,080 FTE on-going jobs. After adjustment for the additional government expenses that could be associated with Kumu Hou,the County is projected to realize net additional tax revenues amounting to about$10 million per year at project completion, in 2020 dollars. The State would likewise realize substantial fiscal benefits, amounting to more than $52 million in net additional tax revenues per year during the major development and operating period, and $11 million per year sustained thereafter, in 2020 dollars. 7. Community Benefits: Independent of the proposed Kumu Hou project, in 1987 the applicant established an initiative to support cultural, environmental, and educational interests in the Hawai`i Island community called the Waikoloa Foundation. According to the applicant, implementation of the Kumu Hou project will further endow the Waikoloa -6-