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a. Statement of Objectives and Reasons for the Request <br /> As stated, Applicants propose to rezone the Property from Agricultural District, required <br /> minimum building site of three acres ("A-3a") to Single-Family Residential District, required minimum <br /> building site of 15,000 square feet ("RS-15"). See Change of Zone Map, attached hereto as Exhibit <br /> "C". The COZ to RS-15 will allow Applicants to subsequently subdivide the property into five RS-15 <br /> lots. One lot, currently improved, will be owned by Matthew Wung, another lot will be used to build a <br /> home for Eric Wung, and the remaining lots will be owned by the Applicants as part of their plan of <br /> distribution. Lands which surround the Property also continue to be owned by Wung family members <br /> in their respective trusts. This plan is in conformity with the Low Density Urban classification under <br /> the General Plan's Land Use Pattern Allocation Guide (LUPAG). <br /> b. Number of Acres/Square Feet <br /> The Property is approximately 136,277 square feet, or 3.1285 acres, in land area. <br /> C. Proposed Units/Lots/Floor Area of Proposed Building Envelope <br /> If this COZ request is approved, Applicants plan to subdivide the Property from one existing lot <br /> into five lots ranging from 20,080 square feet to 45,363 square feet. <br /> d. Timeframe and Cost. <br /> It is estimated that the COZ process will take approximately six months and that the subsequent <br /> subdivision process will take the same period of time. The cost of the COZ and subdivision processes <br /> will include consultant and attorneys' fees and costs, filing and application fees, surveyor's expenses for <br /> preparation of maps and plans, installation of water laterals and meters and other incidental costs. <br /> e. Membership Size/Number of Employees and Clientele <br /> Membership size is not applicable to the current request. <br /> f. Parking Arrangement. <br /> The Property already permits ample parking for its owners and guests. It is not expected that <br /> street parking will be required as a result of the subdivision, and there will be sufficient area on each lot <br /> to accommodate off street parking needs for each lot. The subject request is not expected to change or <br /> materially affect street parking in the vicinity. <br /> g. Traffic Impacts <br /> Assessment of Existing Traffic Conditions <br /> The Property is directly accessed from the south or Puna side of W. Kawailani Street, and is <br /> adjacent to the west side of a stub out portion of Kumuwaina Street, both of which are paved County <br /> roads, by which the Property may be accessed. The current entrance to the Property from W. Kawailani <br />