REP PC 039 04/01/1997 1996-1998 - Laserfiche WebLink

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a _ _ REPORT OF THIS COMMITTEE ON PLANNING DATE: April 1, 1997 Re: C-217 PLACE: Councilroom TIME: 2:35 p.m. Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Planning, to which was referred Bill No. 65, transmitted by Mayor Stephen K. Yamashiro per Communication No. 217, dated March 13, 1997, regarding the request to amend Ordinance No. 92-123 by Kapoho Properties at Olaa, Puna, Hawaii, TMK: 1-7-17:3, reports as follows: Bill No. 65 amends Ordinance No. 92-123 which changed the district classification for approximately 45.945 acres of land from an Agricultural-20 acres (A-20a) to an Agricultural-one acre (A-1 a) zoned district. The subject property is located at the northwestern corner of the Hawaii Belt Road-Huina Road intersection where the applicant proposes the subdivision of the subject property into 401ots having a minimum lot size of one acre. The applicant stated that the present economic conditions have affected the demand, value and the ability to finance the required improvements. Lenders require that financing and bonding of the project occur upon the satisfaction of preliminary sales quotas. At the time of the initial zone change, lending institutions had required twenty perspective buyers but because the value of real estate has dropped considerably, the lenders now require thirty perspective buyers. The applicant has submitted subdivision plans to the Planning Department and has shown an effort to complete the development by securing Tentative Subdivision Approval. Your Committee concurs with the following reasons by the Planning Commission and the Planning Director for recommending a favorable consideration for the amendment to Ordinance No. 92-123: l . Non-performance by the applicant is the result of several conditions that were beyond the control of the applicant and has not been the result of fault or negligence. 2. The granting of the time extension for two years to secure Final Subdivision approval would not be contrary to the General Plan, Zoning Code or the original reasons for granting this change of zone. PC REPORT NO: 39