2022-04-21 Leeward Exh D (Item 3&4 Hawaii One1 PL-REZ-2021-014&PL-SMA-2022-012)

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the YMCA, which, which was good as far as the, you know, the intent, but it never happened. YMCA went, they went bankrupt—excuse me, getting this phone up—and so there was no park. So back in 2015 I think, the County went ahead and subdivided the parcel and took 6.2 acres back, and the Y kept four, and the Y is now developing their four acres, which is great. Well, back in 2019 and 18 when we were working with the County on this project, very closely with Parks, with Director Yee, and Planning Department, you know, the park was a very positive aspect of this because the developer, instead of spending 250,000 in fair share for a park which would be about what it was, they are going to spend anywhere from two to four million on a park. That's very badly needed for this part of town. And so I just think that's a, that's a very generous and a good caveat for this project for community. Now, I know there is folks that are against the growth due to traffic and other things, but the park is needed greatly in that area, and that's a huge, in my opinion, plus for this project because the park scale is so much larger than any fair share would be for a project this size. So I just wanted to throw that out there. VITOUSEK: Commissioner Paishon-Duarte. PAISHON-DUARTE: Thank you. And, yeah, thank you, Mr. Van Bergen. I agree, you know, park space is vitally important for public health. What will be the sale price of each unit when fully developed? M. MANSL I can probably speak to that. Aloha Chair and Commission, my name is Matt Mansi. I'm the developer project manager. When we were getting ready to get a construction loan to build this out a few years ago,we were looking at prices in the 700's. And I suspect that that has changed dramatically since then, but I haven't done a market study yet to determine what that would be. VITOUSEK: You are looking at prices for 700's for the sale of homes within this? M. MANSL Yes, I'm sorry if I misunderstood the question; I thought you were asking about the individual homes that we build. PAISHON-DUARTE: That's correct— M. orrectM. MANSL Okay. VITOUSEK: You hadn't figured out yet if you were selling lots or selling homes at this point, so just to clarify it's going to be a built product looking to get upwards of 700. So this is market stuff. And what is the affordable housing component of this that was mentioned earlier? M. MANSL I asked Daryn about that; I'm not quite sure what's required of us. ARAI: The applicant did satisfy their affordable housing requirements and, through the purchase of—and again, it just needs to be confirmed but through the purchase of housing credits. So from what I understand, those, the requirement has been satisfied. And again, that is, that must be done prior to the issuance of Final Subdivision Approval. 17 EXHIBIT D