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are Industrial zoned lands. We also have Neighborhood Commercial zoning which is this pink- <br />shaded areas. And, again, we have other Commercial areas like the Big Island Candies which is <br />the brownshaded areas. Apartment zoned lands are closer towards the Hilo Shopping Center <br />area; and those are indicated by these brown-shaded colors. Now we received a letter from the <br />applicant€s representative indicating that they would like to defer the processing of the <br />Aburamen property; and that would be the property that is on the east side of Laukapu Street. <br />And the reason for that is that particular property, the General Plan designation is still Industrial. <br />However there is a pending General Plan Amendment as part of the Planning Director€s <br />initiation that would change the General Plan designation for the areas along the east side of <br />Laukapu Street from Industrial to Medium Density Urban; and that includes the Aburamen <br />property. They€re requesting that the rezoning for that portion of the property be deferred until <br />the General Plan for that has been approved or adopted by the County Council. So basically I€ll <br />discuss the total project. We will be recommending that the Mochida property, which is General <br />Planned for Medium Density Urban development, be recommended for approval with conditions <br />andthattheAburamenpropertybedeferreduntilalaterdateuntilsuchtimethattheGeneral <br />Plan for that area is changed. <br />Okay, going to the overall site map, and there are two site maps. Basically the lower map shows <br />the various apartment units and the type of, how the apartment units would be laid out. This <br />basically gives you an overview as to what the structures would look like from the top. Now, <br />again, as a matter of orientation, this is Laukapu Street. It bisects both the Aburamen property, <br />and that€s particular property, and the Mochida property. The intent is to develop a townhouse <br />project on all of these three lots. <br />Currently on the Mochida property there is an existing single-family dwelling which was <br />vacated. There is also a large storage shed on the property. And on the Aburamen€s property <br />there is an existing single-family dwelling that is being rented on a monthly basis, based on what <br />was submitted by the applicant. <br />On the Aburamen€s property, the proposal is to construct a two-story 25-foot high building that <br />would accommodate 9 units. The Mochida property would have four buildings that would be <br />either one or two stories in height. And the proposal would be to have 25 units with a <br />breakdown of 8 two-bedroom units, 21 three-bedroom units, and 5 four-bedroom units. As I <br />indicated the height of the building would not exceed, according to their proposal, 25 feet. The <br />height under the current zoning of Single-Family Residential 10,000 square feet is 35 feet. <br />Under the proposed zoning, which is Multiple-Residential, the height limit of the building would <br />be 45 feet. <br />According to the applicant, excuse me, 20 percent of the units would be affordable units with the <br />remainder of the units to be sold at market price. The proposal is also to provide two parking <br />stalls per unit and 10 additional parking stalls. The Zoning Code requirement for an apartment <br />unit would be 1  parking stall per unit. So they will be exceeding the minimum parking <br />requirement as required by the Zoning Code. There will be a single access to the project site. <br />For the mauka property which is, again, the Mochida property or the property on the west side, <br />there will be a single access here. There will also be a single access on the Aburamen side of the <br />property. The estimated construction timetable would be to commence construction in early <br />2007. And the cost of development would be approximately $8,000,000. As I indicated earlier, <br />the General Plan designation for the Mochida property is, excuse me, Medium Density Urban <br />2EXHIBIT C <br /> <br />