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<br /> 05/04/04 TUE 15:12 FAR 8083233056 Larry & Brenda Ford 002 <br /> i <br /> ~~oy r~~Y s io <br /> May 3, 2004 <br /> To: James Y. Arakaki, Chairman r0~~~i~.l i ~ <br /> Aaron S. Y. Chung, Member <br /> Leningrad E;larionoff, Member <br /> Fred C. Holschuh, Member <br /> Bob Jacobson, Member <br /> Joe Reynolds, Member <br /> Gary Safarik, Member <br /> Michael Tulang, Member <br /> J. Curtis Tyler III, Vice-Chairman <br /> Subject: Bi11178 <br /> Aloha Members of the County Council, <br /> I am opposed to Bill 178, as c~ urently proposed, for three reasons: <br /> L The applicant cutrentl}' has the property listed for sale. <br /> 2. The 20°/a commitment to affordable housing will not result in affordable housing <br /> units being built. <br /> 3. Traffic levels of service will be worsened, not improved by the proposed <br /> rezoning. <br /> Property is for sale. <br /> Since the property is for sale, it should be cleaz that the applicant has no intention <br /> whatsoever of developing the applicant's property. If the Council approves the rezoning, <br /> it will be continuing its failed policy of government welfare assistance to private <br /> developers at the expense of tlds County's taxpayers. <br /> Local affordable housing dem:md will remain unmet. <br /> The local real estate mazket abrady has sufficient available commercia!/retail space and <br /> hotel rooms. What it does not have is an affordable housing inventory that meets HUD <br /> guidelines for affordability. Therefore, the applicant should be proposing an affordable <br /> h::asing project to meet the hu ~e local residential demand for convenient affordable <br /> housing. <br /> Bill 178 requires 20% of the proposed 240 residential units to be affordable housing. <br /> While this percentage is l0% more than required for the proposed residential units, it <br /> does not assess whether this percentage meets the affordable housing needs being <br /> generated by the proposed 300 hotel rooms and 400,000 sq. ft. of commereiaUretail <br /> space. <br /> Finally, it is very unlikely the proposed rezoning will result in affordable housing units <br /> being built. What is most likely is that in lieu fees of only $226,560 (240 units times <br /> 20% times $4,720 in lieu fees/ snit) will be paid. <br /> Comm. No, ~ , <br /> Ref. To: Preseeted <br /> Ref. Date <br /> <br />