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I <br /> 2. Section 2, Condition Z is amended to read as follows: <br /> "Z. As represented by the Applicant,the Applicant shall cause the development of a <br /> minimum of 140 units of workforce housing on a property identified by TMK: 6- <br /> 9-008:032 in accordance with mutually agreeable terms between the Applicant <br /> and the County Office of Housing and Community Development. The workforce <br /> housing project shall be rented pursuant to affordable housing guidelines <br /> established by the State of Hawai'i, Hawai'i Housing; and Finance Development <br /> Corporation, for a minimum of 65 years from initial occupancy of the first unit <br /> and shall include a minimum of 2 electric vehicle charging stations. Sixty (60) <br /> percent of the total units shall target households earning 30% to 60% of the <br /> prevailing County Area Median Income (AMI) with the balance serving <br /> households earning up to 120% of AMI. [The] Final terms shall be established in <br /> a workforce housing agreement and shall include the Applicant's infrastructure <br /> construction and land conveyance obligations and operational considerations such <br /> as tenant income and other eligibility criteria. An occupancy permit for the first <br /> phase of the workforce housing project shall be obtained no later than issuance of <br /> an occupancy permit for any time share unit within the area covered by this <br /> ordinance." <br /> '4 <br /> iJ <br /> I <br /> Due to the limited scope of these amendments, a draft copy of Bill No. 115, in its entirety, that <br /> would result if theses proposed amendments are adopted is not attached. <br /> Mahalo. <br /> AKJs <br /> 3 <br />