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into an agreement to complete the construction of utilities and improvements (such as roads, drainage structures, sewer lines, and water systems) in the subdivision on or before June 30, 2001, and to provide a surety bond,. certified check or other security in the amount of $720,434 to secure its obligations to provide said utilities. and;improvements. The agreement is dated October 9, 200:1, and the County issued a receipt for the required security payment on October 13, 2001. GENERA. ~1~TFORMATI01®1 16. Land Owiierslaip: Queen Liliuokalani Trust is the owner of the subject property. First Hawaiian Bank is the managing trustee of the subject property and has consented to the application. PROPOSI~~3 DEVELOPMENT 17. Request: The petitioner is requesting a change of zone from a Limited Industrial (ML-la) district to anIndustrial-Commercial Mixed (MCX-20) district fora 100.757- acre area comprised of TMK: 7-4-8: Portion of 2, 68, 69 & 70. TMK: 7-4-8:2 currently consists of 947.572 acres, of which 87.83 acres are within the project area. TMK: 7-4-8: 68 consists of 6.674 acres, TMK: 7-4-8:69 consists of 4.507 acres, and TMK: 7-4-8:70, which is a road lot, consists of 1.746 acres. The project area was formerly referred to as the "100-acre Kona Industrial Subdivision Expansion Area" and is now referred to by the petitioner as the "Makalapua Business Center." 18. Objectives: The petitioner provided the following information: "Liliuokalani Trust is submitting this request for rezoning to allow greater flexibility to attract development to Makalapua Business Center. "Successful rezoning of the project area will allow the Trust to further plan and develop its lands on the basis of future available market opportunities. "The project area totals 100.7-acres. The project area includes several private road lots, including the existing Makala Boulevard, Luhia Street, and a future service road. The road lots total 10.8-acres and the net land area available for development is 89.9 acres. "The Trust presently has no development plans for the project area, other than a 6.674 acre site being developed by Hawaii Planning Mill (HPM) for a home improvement -4-