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flood control improvements, landscaping, an open greenway and emergency access route <br />and an approximately 3.4 -acre area reserved for future MCX uses. According to the <br />applicant, Waik6loa Village and the surrounding area is lacking in lands zoned for light <br />industrial uses and the proposed development is intended to reduce the need to commute <br />to existing light industrial areas at the Kaloko Light Industrial Park and the Honok6hau <br />Industrial Park. <br />3. Construction Timetable and Cost: The applicant anticipates completing the proposed <br />development within 3 years of the approval date of the Change of Zone, at an estimated <br />cost of 30 million dollars. <br />4. Landowner: Waik6loa Village Center, LLC. <br />5. Supporting Information: The applicant has submitted the attached in support of the <br />request. (Planning Department Exhibit 2 - Change of Zone Application accepted on <br />October 2, 2023 and Supplemental Information dated December 13, 2023) <br />BACKGROUND INFORMATION <br />6. December 6, 1967: The comprehensive zoning map, as adopted by the County and <br />covering the North and South Kohala Districts, designated the subject property as <br />Multiple -Family Residential (RM -1.5). <br />7. November 29, 1968: Waik6loa Village, including the subject property, was reclassified <br />into the State Land Use Urban District. <br />8. December 27, 1990: Change of Zone Ordinance No. 90-160 was approved to rezone a <br />parcel then identified as TNM (3) 6-8-003:032, which included the subject property, from <br />Multiple -Family Residential (RM -1.5 to Open (0) and rezoned another parcel identified <br />as TMK (3) 6-8-002:016 (por) from Unplanned (U) to Residential -Agricultural (RA -la) <br />for the Highlands Golf Estates golf and residential development proposed by the <br />Waik6loa Development Company. <br />9. March 21, 1995: Ordinance No. 95-51 amended Ordinance No. 90-160 to provide an <br />additional five years to complete the proposed subdivision for the Highlands Golf Estates <br />project. Around this time, Waik6loa Development Company sold the project area for <br />-2- <br />