RES 517 Draft 01 2006-2008 - Laserfiche WebLink

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WHEREAS, to comply with Condition "G" of Change of Zone Ordinance No. 02 25, Parker Land Trust will dedicate to the County 8.467 acres of land to be used as trail easements for the Waimea Greenways and Trails, for which the Pazks and Recreation Director approves and Planning Director concurs with the fair market value of land in the amount of $563,259.65, to satisfy the in lieu fair shaze contribution; and WHEREAS, Condition "M(1)(h)" of Change of Zone Ordinance No. 02 25 requires Parker Land Trust provide a minimum of (10) ten acres of land as a perpetual open space/ park easement for the general public, to be located within the commercially zoned azea of the Waimea Town Center Area; and WHEREAS, to comply with Condition "M(1)(h)" of Change of Zone Ordinance No. 02 25, Parker Land Trust completed construction on a (10) ten acre pazk site of amulti-purpose athletic field, maintained by the YMCA, and provided a cost summary for the project stating that the actual cost of the pazk and recreational improvement was $339,479.30; and WHEREAS, Section 2-162.1, Hawaii County Code 1983 (2005 edition) as amended, sets forth the procedures for Council to accept money, securities, personal property or real property derived from community benefit assessments or conditions of land use approvals; and WHEREAS, Section 2-162.1(a), Hawaii County Code 1983 (2005 edition) as amended, states that any in lieu determinations by the Planning Director shall be subject to the review and approval of the Council. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII, in accordance with Section 2-162.1, Hawaii County Code 1983 (2005 edition) as amended, that the County Council approves the in lieu credit in the amount of $902,738.95 to offset a portion of the fair share contribution for park and recreational improvements and facilities as required in Condition "H(1)" of Change of Zone Ordinance No. 02 25.