Communication Number 2018-07 CIP Spreadsheet

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4 Communication No. 2018-07 County of Hawaii PROJECT DATA/FINANCIAL IMPACT STATEMENT Fiscal Year 2015 - 2016 1. DEPARTMENT AND DIVISION: Housing & Community Development, Community Development Division 2. DATE: 4/10/2015 3. PROJECT NAME: Kamakoa Nui Workforce Housing Community Development 4. SUBMITTER: Susan K. Akiyama, Housing Administrator 5, COUNCIL BENEFITD1STRICT(S): 9 6. TMK/JUDICIAL: (3) 6-8-42:1-21 & (3) 6-8-30:181-252 / South Kohala 7. LOCATION (COUNCIL DISTRICT): 9 8. TOTAL COUNTY FUNDS NEEDED THIS FY: $4,750,000 9. CAPITAL PROJECT ELIGIBILITY (List Criteria): 3 (new buildings) 10. PROJECT/PROGRAM DESCRIPTION: Kamakoa Nui Community is a long awaited development serving the local work force population with affordable homes for purchase. The Kamakoa Nui Community is Master Planned Community with a possibilityoF approximately 1,100 homes to be provided in the future. The current phase consists of a total of 91 units. All site work and infrastructure is completed. The funds would be used for the physical vertical construction of 16 homes that were not part of the original contract, and any other related costs necessary to complete the project. 11. PROJECT JUSTIFICATION & OUTCOME(S) (List all that apply):6 (Enhances quality of life) -The County of Hawari is successfully positioned to market and sell the workforce homes to families working in th proximity to the Community as the real estate market improves and to meet the continued growth on the Big Island as forecasted. The Hawai'i State Department of Business, Economic Development, and Tourism has projected resident populations by County from 2005 - 2035. Hawaii County exhibits the highest projected growth rates statewide from 2010 - 2035. The annual growth rate from 2005 - 2010 wa 1.4% while from 2010 - 2015 it is projected to be 2.5%. Growth continues from 2015 - 2020 at a rate of 2.1%. The intent is to meet the needs of our local workforce sector comprised of employees within the Resorts, School Systems, Emergency personnel, Public Sector, and the focal Service personnel. The Community is intended to price the homes to meet and serve the needs of these workforce employees with income levels from 80% - 140% of Average Median Incomes. The majority of the employees within this income level travel great distances to work daily and it is also the intent of this Community to help to raise the quality of life for the workforce employees by reducing their travel time. 12. LONG RANGE PLANS/COMMUNITY VALUES: 1, 2 (County General Plan Sections 2.4.6, 2.4.6.2 (d) and 9.5.6, 9.5.6.2 (d)), 3 (South Kohala Community Plan), 4 (South Kohala Land Use Pattern Allocation Guid (LUPAG)) 13. COUNTY MATCHING FUNDS REq'D7 (YIN) N DESCRIBE: N/A 14. LEGAL MANDATE? (YIN) I N [DESCRIBE: jIN/A 15. IMPACT ON OPERATIONAL BUDGET: There will continue to he operating costs for two model homes (e.g. janitorial services, utilities, security monitoring). 16. SUSTAINABILITY FOCUS (List all that apply): 1, 2, 3, 7 - Kamakoa Nui Workforce Community will provide affordable workforce housing close to employment centers of the residents. 17. PROJECT READINESS (List all that apply): 1, 2 (more than half completed of Phase 4), 3, 4, 6, 7 - Site and infrastructure is completed and homes can he built as soon as funding becomes available. 18. EXPENDITURE PHASING (X $1000): Prior Funds Allotted (not lapsed) This FY 15-16 Request FY 15-17 FY 17-18 FY 18-19 FY 19-2D FY 20-21 Beyond 6 Years TOTAL: Planning 12,216 512,216 Land Acquisition SO Design/Survey 1,698 80 $1,775 Construction 41,373 4,670 546,043 TOTAL:1 $55,287$4,750 50 50 50 560,037 19. O & M COSTS (x $1000): 512 a S12 20. FUNDING SOURCE (s $10001: Cty G.O. Bond/Other 55,287 4,750 $60,037 State Revolving Fund $0 State CIA $0 Federal 50 Private (Grants) SO CBA (Fair Share, Park Dedication, etc) 50 TOTAL: $55,787 54,750 50 50 50 50 50 50 560,037 155