2006-02-03 TRaymond - Laserfiche WebLink

Home

ALAMEDA:Seeing nofurther questions, will the applicant or its representative please come forward. Good morning. Im going to swear you in. Could you please raise your right hand. Do you swear or affirm to tell the truth now before the Hawaii County Planning Commission? RAYMOND:I do. ALAMEDA:Thank you. And would you please state your name and address for the record. RAYMOND:My name is Christopher M. Raymond, and my address is Vierra Road, Waimea. ALAMEDA:Mr.Raymond,didyougetachancetolookattheDepartments recommendation report? RAYMOND:Yes, I have. ALAMEDA:Do you have questions or concerns, comments? RAYMOND:At this point, no, I dont. ALAMEDA:Okay. Fellow Commissioners, do you have any questions for our applicant? Commissioner Watanabe. WATANABE:We were discussing the affordable housing issue and in the application you did mention that the intent was to retain eight of the eleven lots should this application go through. And I guess youre going to fund the infrastructure improvements through the sale of the remaining three lots. Would, is it safe to say that thats the only route you would be able to take financially? I mean -? RAYMOND:Not necessarily, no; but we would prefer to do it that way. WATANABE:So then those three lots would represent the 20 percent requirement for affordable housing, is that correct, on the sale? ALAMEDA:Director Yuen? YUEN:If they used the, if they sold the lots at an affordable price to handle their affordable housing requirement, they would have to sell the lots at, realistically, what is far below market. The affordable, we, and they would only get actually a half credit for the sale. For the sale of one lot for $95,000, and this is approximate because its not a readjusted lot price, but $95,000 was the affordable lot price, and you only got a half credit for that. So you have to earn, they have to earn two credits. WATANABE:Oh, 20 percent. 6EXHIBIT A