REP PC 109 09/19/2006 2004-2006 - Laserfiche WebLink

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Communication 1004 Bi11321 Page 3 of 5 stated a payment of $50,000 was made that satisfied the affordable housing requirement for 48 units. Mr. Yuen said that this payment, however, will not completely exempt applicant from affordable housing requirements since current amounts are more now than in the mid 90's when payment was made. Steve Lim, attorney for Samson LLC as well as Eric Leuteneker, chief financial officer and developer of the project were also present. Mr. Lim stated applicant purchased the property in February 2005 and analyzed current market conditions to develop their current market plan. Mr. Lim explained there are two rezoning ordinances covering the property, one is twenty years old and the other is fourteen years old. He stated the prior developer began mass grading and sewer line construction, however the work stopped. He also noted that they have been working with the Kailua Village Design Commission and had unveiled their preliminary drawings to the Commission. Mr. Lim stated that it is applicant's position that the affordable housing requirement for the initial 48 units has been satisfied and that the remaining 98 units will be subject to the new affordable housing requirement. Mr. Lim said that applicant intends to develop twenty percent affordable "on site." Council Member Doc Holschuh expressed concern regarding the deleted archaeological condition F referred to in Mr. Tyler's testimony. Director Yuen explained that Condition F was dropped because the required studies are complete and that approval of the archaeological inventory has been was received and that the Burial Council review is also completed. However, although these studies have been completed, Mr. Yuen stated that he believed the Ordinance should be amended to add a requirement that the applicant follow the approved treatment plans. Committee Vice Chair Hoffmann asked Mr. Yuen to provide the necessary amendment language. Council Member Jacobson was unable to confirm with Mr. Yuen that annual reports required to be filed annually commencing in 1986 have been received. Mr. Jacobson noted that road widths should be set forth in writing and Mr. Yuen responded that he believed the road width will end up to be a 60-foot right of way conform to what's been done before and also built to collector road standazds. Mr. Jacobson noted concern of the unexpected contingencies that stopped development for the past twenty (20) years and that the current developer should look at all conditions now and not come back later with excuses why certain conditions could not be met. Mr. Jacobson concluded this appeared clearly speculative with unexpected contingencies. Council Vice Chair Isbell noted she had serious problems with this proposal due to the very busy and narrow Hualalai Road. Ms. Isbell also noted that no traffic study has been prepared and although applicant will improve the entire frontage of it's property, Hualalai Road will still bottleneck and therefore very hesitant to support the measure. Mr. Lim stated frontage improvements will be approximately 400-500 feet along Hualalai Road and that although no traffic impact study was required, he estimated about 1.5 or 1.8 cazs per unit or a total of 270 additional cazs on Hualalai Road. Mr. Leuteneker stated they will provide affordable housing with a sprinkling of units at market price and that he anticipates the project will be wmpleted in two (minimum) and three (maximum) phases with the actual impact to the area occumng two or three years from now. Committee Chair Pilago noted that history reflects prior applicants who had no intention of satisfying the conditions of rezonings, got entitlements and then bailed which seemed to be an ongoing pattern that should be stopped. Mr. Pilago said that the applicant needed to convince this council that they will meet all their obligations, complete the project and not sell to the highest bidder. Mr. Leuteneker stated their PC Report No. 109