2020-11-05 Exh A Ikaika Ohana (Amend REZ 09-103)

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1.5) zoned district. The subject properties are located south of Kukuau Street, on the west side or (mauka) of Kapi`olani Street above the County Police Department Headquarters building, Kukuau 1st, South Hilo, Hawaii, TMK: 2-4-025:048, 053, and 080. At this time, the staff will make the presentation. Christian? KAY: Yes, thank you Mr. Chair. Good morning to you and to the members of the Windward Planning Commission. Give me a moment I'll share my screen here and we'll get started. Okay, can everybody see that screen? RAFFIPIY: Yes. KAY: Okay. So, again as the Chair stated this is an application for amendments to Change of Zone Ordinance 10 32. The subject properties are located in the South Hilo District of Hawaii Island, here outlined in red. For reference we got Kapi`olani Street running generally North/South through the slide, Kukuau Street running generally East/West through the slide. For further reference across from the subject properties is the Police Department Headquarters building and kitty-corner is Saint Joseph's School property. Just by way of history and context I want to go through the existing entitlements in the Applicant's proposed project. As was stated, Ordinance No. 10 32 was approved on May 10, 2010 to change the zoning of the subject properties from RS-7.5 and RM-1 to RM-1.5 pardon me RM-1.5 forgive the typo with the 2.5 here for 5.05 acres. Then Applicant and current landowner, Giampaolo "Paul" Boschetti, originally proposed to construct a 100-unit market rate, multiple-family residential pardon me rental housing project and related improvements. Despite Mr. Boschetti's efforts to complete the project he abandoned it due to uncertainty in financial markets and fluctuations in demand for market-rate, multiple-family rental units in Hilo. Instead, Mr. Boschetti has entered into a purchase agreement with the intent to sell the property to A0705 Hilo, L.P. which is a single purpose limited partnership and an affiliate of Ikaika Ohana, who is the Applicant. Ikaika Ohana is a non-profit 501(c)(3) organization with a mission of developing and operating affordable housing. The Applicant again this is Ikaika Ohana is proposing to develop a 64-unit, 100% affordable rental housing development, sixty-three (63) of which will have income restrictions between thirty (30) and sixty (60)percent of the area median income and there will be one (1) unrestricted Manager's unit. Finally, construction of the proposed affordable housing is anticipated to begin in the first quarter of 2021 and is estimated to cost approximately forty (40) million dollars and take two (2)years to complete. The Applicants are requesting, requested several amendments to the current ordinance first being a five (5)year time extension to complete construction which is Condition E; a one (1) year time extension to dedicate a future road widening strip which is Condition G; delete the requirement to install streetlights and traffic control devices Condition J; delete fair share requirements Condition P; and to delete impact fee requirements which is Condition R. It should be noted and it's on the agenda as such that the Applicant originally requested the deletion of the additional parking requirement articulated in Condition E however, they subsequently submitted a request to withdraw that amendment after the agenda was published. EXHIBIT A 2