PD RECOMMENDATION REPORT (PL-REZ-2022-014_Amend REZ-07-075)

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Permit No. 07-024 to allow the development of a 65-lot, single family residential subdivision and related improvements. As stated previously, since acquiring the property in 2013,the applicant has worked diligently to comply with conditions of approval including securing Tentative Subdivision Approval for phase one of the subdivision in 2017. While attempting to finalize requirements for Final Subdivision Approval in 2019, the applicant lost the funding necessary to complete the required infrastructure improvements for the project and could not find an alternative funding source within a timely manner. The applicant is committed to finalizing the project and is requesting an additional five (5)years to secure the necessary funding and bonding the required infrastructure to secure Final Subdivision Approval as required by Condition E. Based on the preceding, the non-performance is the result of conditions that could not have been foreseen or are beyond the control of the applicant and that are not the result of their fault or negligence. Granting of the time extension would not be contrary to the General Plan, Kona Community Development Plan or Zoning Code. The applicant is proposing to develop a 62-lot residential subdivision with lots ranging in size from 3,082 square feet and 6,501 square feet and related improvements consistent with an approved PUD master plan. According to the PUD permit, the PUD is designed to address the needs and lifestyle of residents who want to live in a planned residential community that is a more compact community with alternate standards versus the current, standard subdivision layout,which in many cases lacks a human scale and walkability. Since the ordinance was approved in 2009, there has been no significant changes in the General Plan or Zoning Code relative to the project area. The General Plan (GP) designation for this area is Low Density Urban, which allows residential, with ancillary community and public uses, and neighborhood and convenience-type commercial uses; overall residential density may be up to six units per acre. This property's RS-7.5 zoning and approved PUD to allow the development of a 62- lot subdivision on the property is consistent with this LUPAG designation. Furthermore, -3-