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I <br /> sN�v OF M�' <br /> COUNTYA II Ic <br /> 4 <br /> k <br /> 1rF OF.N�Yf <br /> RESOLUTION NO. ( - <br /> A RESOLUTION AUTHORIZING THE EXEMPTION OF CERTAIN CODE <br /> REQUIREMENTS,PURSUANT TO SECTION 20111-38 OF THE HAWAII REVISED <br /> STATUTES,FOR THE HO`OMALU AFFORADA13LE HOUSING PROJECT IN <br /> WAIKOLOA, HAWAII, COVERED BY TAX MAP KEY(3)6-9-008:032. <br /> WHEREAS, Stanford Carr Development(the "DEVELOPER") has proposed to build <br /> Ho`omalu Affordable Housing (the "PROJECT") on behalf of the Waikoloa Land Company <br /> (the "LANDOWNER"); <br /> WHEREAS, the LANDOWNER designed, developed, and operates the Waikoloa Beach <br /> Resort with partners, which includes 133.822 acres dedicated to the Kumu Hou Project District <br /> and the proposed site for the PROJECT; <br /> WHEREAS, the Kumu Hou Project District was rezoned through Ordinance 22-46, <br /> effective April 29, 2022, which includes Condition"Z"requiring that the LANDOWNER to <br /> develop a minimum of 140 units of workforce housing on a 25.38-acre property identified by <br /> TMK: (3) 6-9-008:032, in accordance with mutually agreeable terms with the Office of Housing <br /> and Community Development; <br /> WHEREAS, Condition"Z"further states that an additional 60 units would be <br /> constructed on TMK (3) 6-9-008:032 provided that the appropriate reliefs from zoning are <br /> secured through the approval of a 201 H application; <br /> WHEREAS, the DEVELOPER will enter into an agreement with the Office of Housing <br /> and Community Development to specify conditions of the PROJECT which shall include 229 <br /> rental units, all of which will serve low-to moderate-income ranges and allow for a maximum of <br /> 100% of the Area Median Income (AMI) for no fewer than sixty-five (65) years after initial <br /> occupancy; and <br /> WHEREAS, the PROJECT will promote the goals contained in HRS Section 201E-38 <br /> and Chapter 11 of the Hawaii County Code, which relates to affordable housing; now, therefore, <br /> BE IT.RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that it <br /> hereby authorizes the exemption of certain code requirements as provided in the attached Exhibit <br /> "A", pursuant to HRS Section 201H-38, for Ho`omalu Affordable Housing, Tax Map Key (3) 6- <br /> 9-008:032. <br /> BE IT FURTHER RESOLVED that this resolution shall take effect immediately. <br />