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III. PROJECT DESCRIPTION <br /> A. Overall Description <br /> The Applicant has a pending subdivision application affecting one (1) <br /> of the parcels. This application is for a 13-lot subdivision, identified by <br /> TMK: 4-5-010: 136 (SUB 16-0011653). Due to topographic and other <br /> considerations, the proposed lots, ranging between 1/2 (one-half) to 1 <br /> (one) acre in size, were considerably in excess of the minimum 10,000 <br /> square feet requirement. (Figure 4) The application was deferred by <br /> the Planning Department on October 19, 2016. <br /> The Applicant also owns the TMK: 4-5-024:10, located directly across <br /> Lehua Street from TMK: 4-5-010: 136. Based on the RS-10 zone, the <br /> entire subject 14+ acre site could support a 62-lot project. Its goal then <br /> and now was to be able to have at least 50% of the lots marketed <br /> within the County Affordable Housing guidelines. However, given the <br /> topography and awkward configuration of the subject site, the <br /> infrastructure cost made it less feasible to achieve that higher density <br /> objective. <br /> As such, instead of proceeding with the conventional subdivision <br /> approach, the Applicant sought to develop the subject site into a 40-lot <br /> residential subdivision, with lots ranging between 10,000 to just under <br /> 33,000 square feet, through the PUD process. The PUD is a process <br /> that allows for public review of the application wherein design flexibility <br /> in the way of lot size, road design, and the like are proposed. Through <br /> a PUD, the Applicant would be in a better position to achieve its <br /> objective of having at least 50% of the lots marketed within the County <br /> Affordable Housing guidelines. <br /> Please note that with the dedication of a 15-acre site to the Hawaii <br /> Housing Authority, the affordable housing obligation of the original <br /> ordinance (of which the subject site is a part of) has already been <br /> fulfilled. (Exhibit B) The Applicant's plan of marketing 50% of the <br /> proposed 40-lot project consistent with the County's Affordable <br /> Housing Guidelines would thus amount to more than "doubling" the <br /> affordable housing requirement of the subject site. The existing <br /> requirement calls for 20%, whereas the Applicant is proposing 50%, <br /> which further underscores the added affordable housing contribution of <br /> the subject site. <br /> B. Proposed Project Details <br /> The project is called Lehua Village. The Village has two development <br /> components — Lehua Village I and Lehua Village 2. (Figure 5) <br /> 4 <br />