2024-06-17 Kristen Counter - Laserfiche WebLink

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CC&Rs for the residential portion of the property and stated that he was most likely going to sell the vacant lots. So yes, while the existing two homes are charming, the applicant doesn't intend on developing the other homes himself. So there is no reason to rely on the existing homes as an example of how the others will be built. 5. The applicant also stated that selling the lots undeveloped is the "most affordable" way for buyers to purchase. However, buying vacant land and building requires you either use cash OR a construction loan, neither of which are affordable by most standards, especially in the current lending landscape. Combine that with FEMA flood insurance and these lots are not contributing in any way to affordable housing in Waimea. Ultimately, I do understand there is precedent for the commercial component of the parcel. I simply don't believe the size and scope are consistent with the community goals and future of Waimea given the surrounding properties and its lack of connection to the rest of town. Clearly the public and members of the commission are also concerned. On the other hand, there is no precedent and no reason to allow the back portion of the property to be chopped up into 5 more lots. Based on the applicant's own testimony, they will simply be subdivided and sold. It is just a way to maximize profit on the parcel instead of honoring the intent of the land for the future sustainability of our community. Image of subject property (with red star) surrounded by all Ag-5 land. *UD* Indicates currently undeveloped - Change of Zone would set precedent for such properties to also convert to Residential Ag '/2 acre.