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engineering services firm here in town, and basically, and all have been plan approved by the
<br />DPW, Department of Public Works. So, we'll have shovel ready plans ready to roll for that.
<br />The water commitments, once we have our zoning, we are shovel ready. We'll get Final Plan
<br />Approval on this. So, we're basically prepared to offer the VA a set of plans and say you're
<br />ready to go, let's go, with no acquisition fee and a long-term lease. We got a long-term lease for
<br />VAH housing, 65 -year renewable lease. That's a sweet spot on a $1 million appropriated piece
<br />of property sitting up there, and we'll get a long-term lease from the Council, I'm confident of on
<br />the lower parcel once we have a development partner. So, hopefully that clarifies the whole
<br />it's a bigger than a 4.88 parcel—that was the original parcel that was zoned, you know, and now
<br />we're addressing the zoning on that. I don't know if that creates more confusion then it answers,
<br />but if you have questions, I'm happy to field them. Questions? Do you want to elaborate on
<br />that?
<br />CLARKSON: Let's hear about the
<br />WILLIAMS: Housing
<br />CLARKSON: The housing.
<br />WILLIAMS: So, I'm happy, I'm also happy first of all, I should say, or happy to have Yukie
<br />Ohashi out of retirement again, probably the best planning consultant in Hawaii, and anyway,
<br />I'm really happy to have formed, also to have developed an ideal partner who I learned about in
<br />Pacific Business News, when I realized who are these EAH characters who are out here doing
<br />housing all over the State, well not really in Kauai, in Oahu. They're very well regarded and `lo
<br />and behold, we've partnered up with them and happily, too. Marian Gushiken, who is the
<br />director of development for EAH, to be a local girl who grew up in Mohouli Street and whose
<br />parents are, you know, ideal candidates for a housing facility like this. I'm not by the way. I'll
<br />be over income. So, I won't—without further ado, Marian Gushiken, take the floor here.
<br />GUSHIKEN: Thank you, Bob. Good morning, everyone. We are very excited to be here. I
<br />think as we've all mentioned, it's been a long road for us, especially for HIVM, so we are
<br />particularly excited to be at this juncture, and for EAH, we'll just starting although it has been
<br />about a few years since HIVM first approached us about an interest in pursuing the affordable
<br />housing component of this development. EAH is a non-profit housing development and
<br />management company. We were just celebrating our 50th anniversary this year. We came to
<br />Hawaii back in 1996 at the invitation of HUD to preserve some affordable units that were HUD
<br />financed on Oahu that were at risk of converting to market rate uses. So, back in '96, we
<br />acquired nearly 500 units and have owned and operated them as affordable housing ever since
<br />then, and since that time have also been expanding our development activities in this State. So,
<br />we're excited to be here on the Big Island. It would be our first project here.
<br />Just to sort of confirm the statement that Yukie made with respect to Condition B, the genesis of
<br />that request to defer the water commitment payment came from really the mismatch between the
<br />timing of the ground lease that we would have and the need to make the payment at the time. So,
<br />as Yukie mentioned, now that the executive orders have been revised and we've negotiated the
<br />ground lease with the County, and that's as I understand almost imminent as far as execution,
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