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Mitchell D. Roth a+t"r°Pit�y' Deanna S. Sako <br /> vicryor ,� '' Director <br /> Diane Nakagawa <br /> —_ Deputy Director <br /> ,Tf OR Na'� <br /> County o awai`i <br /> %Finance Department <br /> 25 Aupuni Street,Suite 2103 • Nilo,Elawai`i 96720 <br /> (808)961-8234 Fax(808)961-8569 <br /> July 15, 2022 <br /> Maile Medeiros David, Council Chair and <br /> Members of the Hawaii County Council <br /> x <br /> Hawaii County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 Y . <br /> Re: Amend Resolution 476-18 <br /> Resolution 476-18 authorized the Finance Director to negotiate a seventy-five-year lease <br /> with the Hawaii Island Community Development Corporation(HICDC) for the purpose <br /> of planning, developing, and constructing a rental housing project for senior citizens at a <br /> set lease rental amount of One Hundred Dollars ($100.00)per year. Based on a 2021 <br /> market study, the HICDC has determined that there is a greater need for low-to <br /> moderate-income housing units that serve households with children. <br /> Enclosed is a resolution to amend resolution 476-18 to allow HICDC to construct <br /> affordable rental housing units for both seniors and households with children and to set <br /> the lease rental amount at Ten Dollars ($10.00)per year. <br /> If there are any questions,please feel free to contact Kaloa RN Robinson of the Office of <br /> Housing and Community Development at 961-8379. <br /> Deanna S. Sako <br /> Director of Finance <br /> Enc. <br /> c: Prop Mgmt <br /> Housing <br /> It <br /> Comm. No. 9 I <br /> Ref. To: _ <br /> Hawaii County is an Equal Opportunity Employer and Provid6Pf• Date:_L0' 2022 <br />