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Valerie T. Poindexter, Council Chair and Members of the County Council Page 2 The applicant proposes to develop the project in two phases, with the first to include the incorporation and expansion of the existing 6,667 square ft. building to create eight spaces for lease to local businesses for commercial and light industrial uses, including a restaurant. The applicant is also proposing an additional 1,000 square foot building to be developed as a self -storage business as part of phase one. In addition, the parking lot will be improved and expanded from 21 to 68 parking spaces. According to the applicant, the construction of the first phase will begin within six -months of obtaining the proper permits and cost approximately $1.5 million dollars. The second phase will include a single -story, 8,220 square foot building to accommodate up to ten additional spaces for lease. Based on market conditions, the applicant expects to commence construction of the second phase within 3-5 years after the initial phase is complete. The subject site is part of the Mauna Lani Resort and is in an area designated in the Master Plan for "Service/Light Industrial" and is located across the street from property planned for resort residential development. The applicant believes a change of zone from A -5a to MCX-20 would allow for the development of the subject site into intermediate commercial and light industrial lease space to meet the local demand by businesses in the region. In order to consider an area for any type of zoning designation, the applicable goals, policies and standards of the General Plan must be adequately addressed. It is only through such a comprehensive policy analysis approach that evaluations and decisions can be made to better time and stage developments to achieve growth determined by the General Plan and related planning documents. The implications of these evaluations and decisions must also be considered as they may have an impact on similar areas in the County. The change of zone request from an Agricultural -5 acres (A -5a) to an Industrial -Commercial Mixed -20,000 square feet (MCX-20) zoning district conforms to the following goals, policies and standards of the Land Use (Resort, Commercial and Industrial) Elements of the General Plan. The General Plan is intended to be used as a policy guide for the coordinated growth and development of all sectors of the County. It sets forth goals, policies, standards and courses of action to accommodate growth without congestion, to designate and preserve the lands needed for residential use, commercial and visitor services, industry, agriculture and open space, and to coordinate these uses with the County's service and circulation systems. The overall goals, policies and standards are set forth to physically plan the lands in the County in the