BIL 115 Draft 02 2020-2022 - Laserfiche WebLink

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Z. As represented by the Applicant, the Applicant shall cause the development of a minimum of 140 units of workforce housing on a property identified by TMK: 6- 9-008:032 and/or other properties within the Resort in accordance with mutually agreeable terms between the Applicant and the County Office of Housing and Community Development. The Applicant shall also cause the development of additional units to be constructed provided that the appropriate exemptions are secured through the approval of a 201 H housing development application pursuant to Section 201H, Hawaii Revised Statutes, and that there are no on-site archaeological or cultural constraints which would affect the ability of the site or sites to accommodate these additional units. The workforce housing project shall be rented pursuant to affordable housing guidelines established by the State of Hawaii, Hawaii Housing and Finance Development Corporation, for a minimum of 65 years from initial occupancy of the first unit and shall include a minimum of 2 electric vehicle charging stations. Sixty (60)percent of the total units shall target households earning 30%to 60% of the prevailing County Area Median Income (AMI) with the balance serving households earning up to 120% of AMI. Final terms shall be established in a workforce housing agreement and shall include the Applicant's infrastructure construction and land conveyance obligations and operational considerations such as tenant income and other eligibility criteria. An occupancy permit for the first phase of the workforce housing project shall be obtained no later than issuance of an occupancy permit for any time share unit within the area covered by this ordinance. AA. The Applicant shall make its fair share contribution to mitigate the potential regional impacts of the development with respect to parks and recreation, fire, police, solid waste disposal facilities and roads. The fair share contribution shall become due and payable prior to receipt of Site Plan Approval for each project phase and shall be based on the actual number of additional residential units -30-