RES 516 Draft 01 2006-2008 - Laserfiche WebLink

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vvw~ ~`V COUNTY OF HAWAII STATE OF HAWAII ~ r RESOLUTION NO. 516 08 RESOLUTION AUTHORIZING APPROVAL OF IN LIEU FAIR SHARE CONTRIBUTION TO SATISFY CONDITION "H" OF ORDINANCE N0.02 25. BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII: WHEREAS, Parker Land Trust is the landowner of approximately 386.5 acres of land at Ouli, Lanikepu, Lalamilo, Waikoloa and Puukapu, Waimea, South Kohala, Hawaii, covered by Tax Map Key (3) 6-2-1:9; 6-7-l:portion of 25; 6-7-2:9, 48, portion of 17; and 6-8-l:portions of I and 8 (hereinafter referred to as the "Property"); and WHEREAS, on Februazy 28, 2002, Ordinance No. 02 25 became effective amending Change of Zone Ordinance No. 96 117, which amended Change of Zone Ordinance No. 92 65 by changing the zoning district classification from Agricultural (A-40a) and (A-3a); Single Family Residential (RS- 7.5), (RS-10), (RS-15) and (RS-20); Double Family Residential (RD-5); Multiple Family Residential (RM-2) and (RM-3); Village Commercial (CV-7.5); and Limited Industrial (ML-20) to Agricultural (A-40a), Residential and Agricultural (RA-la), Single Family Residential (RS-7.5) and (RS-10); Multiple Family Residential (RM-5.0); Village Commercial (CV-7.5); and Limited Industrial (ML-20) for the Property; and WHEREAS, Condition "H" of Change of Zone Ordinance No. 02 25 requires that the landowner comply with the requirements of fair shaze contribution to mitigate potential impacts of the project; and WHEREAS, Condition "H(5)" of Change of Zone Ordinance No. 02 25 requires payment of a fair share contribution to support road and traffic improvements; and WHEREAS, Parker Land Trust is required to pay a total amount of $290,301.32, including the adjustment for inflation using the Honolulu Consumer Price Index (HCPI), for the fair shaze contribution towards the road and traffic improvements for the proposed (82) eighty two residential lots Luala'i at Parker Ranch Subdivision Phase III; and WHEREAS, Condition "H" of Change of Zone Ordinance No. 02 25 further states that in lieu of paying the fair share contribution, the cost of constructing the improvements and the fair market value of land contributed that is required in Condition "M(1)" shall be credited against the sum specified in Condition "H(5)" relating to road and traffic improvements; and WHEREAS, Condition "M(1)(a) and (b) of Change of Zone Ordinance No. 02 25 requires Parker Land Trust to construct a connector road and intersections extending from the western intersection with Mamalahoa Highway in the vicinity of the Vacuum Cooling Plant to its northern intersection with either Kamamalu Street or Mamalahoa Highway in the vicinity of the Waimea Civic Center; and