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<br /> <br /> <br /> <br /> <br /> <br /> Honorable James Y. Arakaki, Chairman <br /> and Members of the County Council <br /> Page 2 <br /> <br /> • May 22, 1990: First administrative time extension granted until April 26, 1991 to <br /> comply with Condition B. <br /> <br /> • July 24,1991: Effective date of Ordinance No. 91 71, which amended Ordinance <br /> No. 89 54 for a time extension until July 24, 1992 to comply with Condition B. <br /> <br /> • June 29,1992: Planning Director grants another administrative time extension to <br /> July 24, 1993 to comply with Condition B. <br /> <br /> • October 5,1993: As the July 24, 1993 deadline to comply with Condition B has <br /> passed, applicant is informed that a formal time extension request must be <br /> submitted to the County Council. <br /> <br /> • April 11, 2003: Applicant requests another time extension to Condition B, citing <br /> financial reasons for inability to comply with the condition. <br /> <br /> <br /> • April 23, 2003: Planning Department informs prospective buyer that an <br /> amendment to the ordinance is required for another time extension. <br /> <br /> • August 12, 2003: Attorney for landowner informs the Planning Department that <br /> a formal time extension would be forthcoming. <br /> <br /> • November 20, 2003: Current request to amend Condition B for a time extension <br /> to submit the required SMA Use Permit application. The applicant's <br /> representative requested that the time extension be heard simultaneously with the <br /> SMA Use Permit application for the 93-unit condominium project and related <br /> improvements. <br /> <br /> The inability of the applicant to comply with the requirements of Condition B of <br /> Change of Zone Ordinance No. 91 71 is the result of conditions that could not have been <br /> foreseen or are beyond the control of the applicant. The August 12, 2003, letter included <br /> as part of this request cites the recession in Japan, Gulf War and general economic <br /> downturn and related financial constraints in the domestic market as reasons for the <br /> applicant's inability to comply with Condition B. The applicant has streamlined its <br /> operations and improved its financial performance in ensuing years, although actual <br /> revenues continue to lag behind projected figures. The applicant, who recently purchased <br /> the property, wishes to preserve the requirement for the SMA Use Permit. A SMA Use <br /> Permit application for a 93-unit condominium project and related improvements is being <br /> processed simultaneously with the time extension request. <br />