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<br />''"': <br />-- " ..., <br /> <br />. <br /> <br />. <br /> <br />.. <br /> <br />COUNTY OF HAW1iJ. <br /> <br />/i"Sl'ATE OF HAWAII <br /> <br />RESOLUTION NO.' ,28998 <br />(DRAFT 2) <br /> <br />A RESOLUTION AUTHORIZING THE MAYOR TO,NEGOTIATE AND EXECUTE AN <br />AGREEMENT WITH KA' UPULEHU MAKAI VENTURE TO SATISFY THE AFFORDABLE <br />HOUSING REQUIREMENT FOR KA'UPULEHU MAKAI DEVELOPMENT <br /> <br />WH~REAS,\ the'Ka "l.lpule~u'Makai Venture (" KMV" ) acquired <br />approximately 624 .4 "acres of land,'at Ka'upulehu; North Kona, <br />Hawai'i,' covered b,y tax map key numbers (3) 7-2-03: 001; 002, <br />004,005,008, & 009; (3)7-2-011:001":'018; (3)7-2-12: 001-015, <br />017-029 and, (3) 7-2-0~3:'; 001::'012,: from Ka' upulehu Developments, <br />hereinafter referred to as the "Property"; 'and <br /> <br />WHEREAS, on October 24, '1986, the State Land Use Commission <br /> <br />("LUC"), Docket No. A85-597, approved the reclassification of the <br /> <br />, , , <br />Property from Conservation to an Urban land,use district, <br />provided that Ka'upuiehu Developments or its successor shall <br />provide affordable housing opportunities; and <br /> <br />, , <br />WHEREAS~ on October 27, 1988, Change of Zone Ordinance .88- <br />157 became effective and rezoned the Property; and <br />WHEREAS, Condition "K" of ' Change 6fZone Ordinance 88-157 <br /> <br />requires that the applicant-be responsible 'to provide affordable <br /> <br />housing; and <br /> <br />'WHEREAS, on Febr~ary 12; 1990, the County entered into an <br /> <br />, , <br /> <br />agreement with Ka',upulehu, Developments to satisfy Conditipn "K" <br />of Change of Zone Ordinance 88-157 for the Four Seasons Resort; <br /> <br />and <br /> <br />0794H.DKL <br />