REP FC 129 07/09/2007 2006-2008 - Laserfiche WebLink

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_ Communication No. 349 Resolution No. 169-07, Draft 3 Page -4- • Sea Mountain will contribute .3% of the total sales price of all first time residential sales of units and lots. • Sea Mountain will require the seller to make a contribution of 1 % of the sales price of any resale of a unit or lot. • The hotels will contribute $3 for every night a room is rented. • The golf course operator will contribute $1 for every round of golf that is played. • The homeowner's association will collect $3 per unit per month as a pazt of the homeowner's association fees and contribute that amount to the community fund. • Sea Mountain has agreed to require the hotels to set up job training programs for the local residents to prepare them for jobs in the hotels. In addition, Sea Mountain has agreed to create job training programs for the jobs that will be created both during construction and upon completion. Sea Mountain has agreed to provide a fund and make small business loans to entrepreneurs interested in starting new businesses that will benefit Sea Mountain and the surrounding communities building community to help them compete for work on the project. Sea Mountain has agreed to a policy of hire local first both for jobs and for contracts. It is currently working with the local Sea Mountain has agreed to support the communities effort to create a cultural center. It is unknown at this point the size and scope of the cultural center so no definite terms have been agreed to other than when the scope is determined. Sea Mountain Five has agreed to provide assistance. Educational Programs -Sea Mountain has joined with Jean Michel Cousteau and Ocean Futures and committed to create a "marine center" that will be the headquarters for Ocean Future's Ambassador of the Environment Program. This program will be offered to the children of the local community to educate them about their environment. We aze currently holding two, one week caznps for a total of forty local children and putting them through this program. Honorable Mayor Harry Kim spoke to Your Committee in regards to the measure. Mayor Kim made a verbal request to Your Committee to defer this measure until he and his administration could mediate a meeting with the community, organized groups of the community, the developer, and the administration. This meeting was to come to a for a win-win consensus that would benefit the community, the developer, and preserve Punalu`u Beach Park, Ninole Pond, and adjacent lands as needed. A motion to be defer was made, and seconded, but failed to pass. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 169-07, Draft 3, and recommends its adoption. la Hues NOES w&E Ex Respectfully submitted, FORD X HICA X COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X , NAEOLE X PILAGO x DOMINIC YAGO G C YAGONG X FC REP N 129 YOSHIMOTO X ADOPTED: SFP ~ 9 ZOOI