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chosen as the best point in the development process for both the developer and the <br /> County to pay and collect fair share fees for two reasons. First,it allows the developer to <br /> quickly sell lots or units right after receiving final approvals in order to recover funds <br /> used to develop the project. Secondly,it is the last point in the development process <br /> where the Planning Department has the ability to collect the fair share payment from one <br /> owner(typically the developer)rather than multiple owners at the time of sale. Currently, <br /> administration of the fair share payment system is fairly simple to complete because <br /> payments are calculated and collected at one time for each project,including any needed <br /> adjustments based on the percentage change in the Honolulu Consumer Price Index, <br /> rather than at multiple times as each lot sells. <br /> DESCRIPTION OF PROPERTIES AND SURROUNDING AREA <br /> 14. Subject Properties: The properties are located approximately one mile south of <br /> Lunapule Road, and Y2 mile north of Royal Poinciana Drive,on the southwestern slope of <br /> Hualalai. The subject properties are located on the mauka side of Alii Drive, <br /> approximately 300 to 1,000 feet from the ocean, and consists of two parcels(TMK 7-5- <br /> 020:071 &072)with a combined area of 10.142 acres. The site is generally rectangular <br /> in shape with a frontage of 6,456 feet and a depth of 7,406 feet. The subject properties <br /> are vacant of any structures and improvements and has been used in the past for cattle <br /> grazing. <br /> 15. Surrounding Zoning and Land Uses: The parcel to the north is zoned RM-2 and is <br /> developed with the Alii Lath condominium. The parcel to the south is zoned A-5a and <br /> contains the AIN Garden Marketplace. An Drive is located immediately to the west <br /> (makai)of the subject parcel. Parcels on the makai side of Alii Drive are zoned RM-1.5 <br /> and are developed with the Kona Riviera Villa and Kona by the Sea condominium <br /> projects. The proposed Alii Parkway forms the upper boundary of the subject site. <br /> Mauka of the proposed Ali`i Parkway,the area is zoned RS-10 and is developed with the <br /> Kahakai Estates single-family residential project. The Kahakai Elementary School is <br /> situated approximately 500 feet southeast of the subject site. <br /> -7- <br />