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3. Timeframe and cost: Completed in 2014, Phase 1 development cost was $20 million. <br />Completed in 2017, Phase 2 development cost for the senior housing units was <br />$11.4 million. The Hilo Adult Day Care facility development cost was $8.8 million and <br />is on schedule to finish later this year. Phase 3 recently started construction with a total <br />estimated project cost of $26.4 million. <br />4. Landowner: The landowner for Parcel 177 is the State of Hawaii. The landowner for <br />Parcels 185 and 186 is the County of Hawaii. <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 Hawaii 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 />Hawaii, 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. (PD 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 Hawaii 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. (PD 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 Hawaii <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 Hawaii by EO No. 4224 in <br />2 <br />