COM 0067.000 2012-2014 - Laserfiche WebLink

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Land Use Rural District. This request was ultimately approved by the State Land Use Commission on June 10, 2008. While the reclassification request was being considered, the applicant requested further amendments to Ordinance No. 05 157 relating to the nature of the traffic improvements at the intersection of Waikoloa Road and Pua Melia Street/Paniolo Drive and allowing another access to the subject project. Relative to the intersectional improvements, at the request of the councilmember and a number of residents of the Waikoloa community, the applicant requested that the improvements be changed from a traffic signal to a roundabout system. Although the requests were approved and became effective on September 28, 2007, additional conditions were imposed. One of these required securing final subdivision approval within five (5) from the effective date of the amendment with no allowance for an administrative time extension and not ten (10) years or March 2015 deadline as originally allowed by the former ordinance. A copy of this ordinance (Ordinance No. 07 127) is found in Exhibit B. 11. NATURE OF REQUEST Given current market conditions and projected absorption rate, it does not appear feasible to have the entire proposed subdivision completed within a 5 -year period. It has and continues to be the applicant's plan to develop the project in at least eight (8) increments. Accordingly, the applicant requests a five year extension to complete the first increment consisting of a minimum of 50 Tots within five years of the effective date of this amendment, with a 10 -year completion date of the entire project. As such, the suggested language to Condition B could read as follows: "Final Subdivision approval for not less than 50 lots shall be secured within five (5) years of this new amendment, provided, however, that Final Subdivision approval for the entire project shall be secured within ten (10) years of this new amendment." 11I. PROJECT LOCATION The subject area, consisting of 731.579 acre's, is located on the south side of Waikoloa Road near its intersection with Paniolo Avenue. The Waikoloa Stables is located directly across and north of the subject site. (Figure 1) 2