2009-06-30 TPALAMANUI - Laserfiche WebLink

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the university site is being developed as a University of HawaiÒi project; Palamanui is supportive of it, but this is a university site. It is State land. We will contribute to putting a building up, but the University is in charge. In order to do that, well, IÓm sorry, by doing this weÓre going to allow the University to relocate from Kealakekua into hopefully two buildings, which will have a lot more room than they have now in Kealakekua. The location as the University has identified is also a much better location for their operations. The zoning fine with it, that Palamanui contribute $5,000,000 to the initial building for the site. I understand the University Î and Chancellor Freitas is here today Î has secu they can go further than we had thought back in 2006. In order to make that possible, we need to put in new roads and infrastructure which will service both Palamanui and the university. One of the major items, Palamanui is participating with another owner to develop a water system. It starts up in Makalei Estates, which is actually above that map area, will come down through this project, will cross-connect to service the university, keep going down until we connect with the north end of the Water Supply system on Queen KaÒahumanu Highway. This will give the Water Department a lot more flexibility. It will make possible the completion and occupancy of the university buildings. Right now we are looking component alone. That is Palamanui share; the other owner is picking up another half, roughly, of that cost. The sewage treatment plant will be located on the Palamanui site. It will service the university buildings as well as the Palamanui project. Initial cost is $1,000,000. And then we end up having to build roads, initially 1A and Road 2, if this request goes through. And thatÓs another $9,700,000. So at this level Palamanui has a these roads, not the ones to create the subdivided lots, that commitment is $22,200,000. And if we can proceed, this is going to provide some much needed jobs i construction is slated, if we can get the amendments. WeÓd like to start this year and keep going for a couple years until itÓs done. And we werenÓt quite sure how to address this. I know there have been a lot of questions about the road, but IÓd like to talk a little bit about the MCX zone property first cause that, that really is the heart of our request. Right now the demand for residential property is very, very weak. That was what we had counted on when this whole project was planned. commercial property, but part of that demand involves wholesaling and distribution activities, as Mr. Darrow referred to in the staff report. Those activities are not permitted uses under any use in the Project District. They are permitted in the MCX district this change. The 29.9-acre area is within the 70 acres down there; we are not asking for any additional commercial uses. We just want that reclassified from a PD to an MCX zone, so we can market those units to businesses here. Now, as far as the road situation is concerned, what we started with initially were five numbered roads Î 1 through 5. No. 1, as you can see on the map, actually has become three segments. But it ran from Queen KaÒahumanu Highway on the makai end and eventually comes up and would connect to the Makalei Drive, the Makalei Estates Subdivision road. Road 2 is a connector from Road 1 in the university area, and then goes south until it connects with Kaiminani Drive. Road 3, up there where Roger has a pointer, is a lateral road within Palamanui that is going to connect EXHIBIT B 5