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• Business Park, <br /> • Up to 50 residential units (for a total of 500 residential units at the end of <br /> Phase III), <br /> • Up to 30,000 square feet of commercial space in the University Village <br /> Town Center, <br /> • Up to 60 hotel rooms (for a total of 120 hotel rooms at the end of Phase <br /> III), <br /> • A second wastewater treatment plant, <br /> • Signalized intersection at Queen Ka`ahumanu Highway and Road 2 <br /> (University Drive), <br /> • Signalized intersection at Ka`iminani Drive and Road 3A(Ane <br /> Keohokalole Highway). <br /> Phase IV(Final Phase of Development) <br /> • Continue the build-out of the University Village Town Center and <br /> Business Park, <br /> • Construct the remaining 661 residential units located mainly between <br /> Road 6A and the eastern property boundary,makai of Makalei Estates. <br /> • Road 6A would be constructed. <br /> • Road 2 (University Drive)would be extended to the eastern property <br /> boundary to connect to Makalei Drive, which is a private roadway owned <br /> by the Makalei Estates Community Association. <br /> • Road 1 extending from the terminus of Main Street(Road 3A/Ane <br /> Keohokalole Highway) to Mamalahoa Highway as shown on Exhibit A-1 <br /> of the Applicant's Regulating Plan, would be constructed or bonded by the <br /> applicant prior to subdivision approval or building permit issuance for the <br /> 901'residential unit. <br /> The applicant has been consistently meeting with the Planning Department <br /> through its Kona Community Development Plan(KCDP) Design Center and has spent <br /> considerable time and money to create an updated Master Plan or"Regulating Plan", <br /> -13- <br />