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3. Timeframe and cost: Phase 3 is expected to begin construction in May 2018 and be <br /> completed in October 2019. The total cost of the proposed project is estimated at <br /> $26.4 million. <br /> 4. Landowner: County of Hawai`i. <br /> BACKGROUND INFORMATION <br /> 5. Governor's Executive Order No. 4224 (EO No. 4224): Effective June 24, 2008. By <br /> Section 171-11 of the Hawai`i Revised Statutes, EO No. 4224 set aside 15.948 acres for <br /> the public purpose of elderly, affordable rental housing and related purposes on <br /> TMK: (3) 2-4-001:168, to be under the control and management of the County of <br /> Hawai`i, identified as the Mohouli Heights Senior Neighborhood. On February 22, 2008, <br /> the Board of Land and Natural Resources recommended issuance of EO No. 4224 to the <br /> Governor. (P.D. Exhibit 2 - Governor's Executive Order No. 4224) <br /> 6. Resolution No. 709-08: Effective August 13, 2008. This resolution authorized the <br /> Director of Finance to negotiate a seventy-five (75) year lease with the Hawai`i Island <br /> Community Development Corporation(HICDC), a non-profit affordable housing <br /> developer with extensive experience in the development of subsidized senior housing for <br /> the purpose of planning, developing and operating affordable rental housing for senior <br /> citizens. (P.D. Exhibit 3 - Resolution No. 709-08) <br /> 7. Resolution No. 328-10: Effective April 20, 2010. This resolution authorized the <br /> exemption of certain code requirements, pursuant to Section 201H-38 of the Hawai`i <br /> Revised Statutes (HRS) for the proposed Mohouli Heights Senior Housing Program in <br /> South Hilo. By 2010, the original 30.396-acre parcel was already subdivided into <br /> three (3) separate parcels 177 (15.948 acres), 176 (5.003 acres) and 168(9.091 acres) <br /> with a road lot parcel (0.354 acres)under Subdivision No. SUB 08-000713r. HICDC <br /> proposed to continue construction of an affordable housing program for seniors on land <br /> dedicated for that purpose and transferred to the County of Hawai`i by EO No. 4224 in <br /> South Hilo, Hawai`i, identified as TMK: (3) 2-4-001:177. The requested exemptions <br /> consisted of the State Land Use designation from Agricultural to Urban for the upper <br /> fifteen(15) acres of the subject property, change of county zoning from Agricultural One <br /> 2 <br /> N <br />