HomeMy WebLinkAboutRES 472 Draft 01 2020-2022 COUNTY OF HAWAII STATE OF HAAFI
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SOLUTION NO. 472 22
A RESOLUTION AMENDING RESOLUTION NO. 476-18,REGARDING THE
AUTHORIZATION OF THE DIRECTOR OF FINANCE TO NEGOTIATE A
SEVENTY-FIVE YEAR LEASE WITH THE HAWAII ISLAND COMMUNITY
DEVELOPMENT CORPORATION FOR THE PURPOSE OF DEVELOPMENT AND
CONSTRUCTION OF AN AFFORDABLE HOUSING PROJECT AT A SET LEASE
RENTAL AMOUNT OF $10.00 PER YEAR.
WHEREAS, on April 7, 2017, Governor Ige executed Executive Order 4531, which set
aside 9.091-acres, situated at Tax Map Key (3) 2-4-001:168 to be under the management and
control of the County of Hawaii ("County") for the purpose of providing elderly and/or
affordable rental housing and related purposes; and
WHEREAS, Chapter 2, Article 19, Section 2-120(a)(2), Hawaii County Code, as
amended,provides that the County Council may direct the Finance Director to negotiate the
disposition of real property by lease to non-profit organizations at such rentals and on such terms
and conditions as deemed proper without notice or appraisal; and
WHEREAS, the Office of Housing and Community Development (OHCD) has
determined that the Hawaii Island Community Development Corporation (HICDC) is a non-
profit organization with extensive experience in the development of affordable housing; and
WHEREAS, the County, via Hawaii County Council Resolution No. 476-18, executed a
seventy-five-year lease with the HICDC for the purpose of developing rental housing and
supportive services and related uses for low- and moderate-income senior residents; and
WHEREAS,the HICDC initially proposed to construct approximately 200 rental
housing units to serve low-to moderate-income seniors based on estimated design density and
respective market demand for the area; and
WHEREAS, a market study conducted for the proposed project by Colliers International
Hawaii in 2021 identified a residual demand of 5,152 rental units needed in South Hilo for
households with children, compared to the demand of 842 rental units needed for seniors in
South Hilo, and based on this market data, the HICDC has since determined that there is a
greater need for low- to moderate-income housing units that serve households with children; and
WHEREAS,the current proposed project plans to target both senior and family
populations in a mixed design and density to produce a better balanced project that is also
appropriately suited for the surrounding neighborhoods.
NOW, THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE COUNTY
OF HAWAII,that Resolution No. 476-18 is hereby amended to allow HICDC to construct
affordable rental housing units for both seniors and households with children in compliance with
the uses described in Executive Order 4531, as provided herein, and set the lease rental amount
to Ten Dollars ($10.00)per year.
BE IT FURTHER RESOLVED that the Mayor of the County of Hawai`i or his duly
authorized representative is hereby authorized to execute the lease agreement and any other
documents required to induce financing entities to provide funding for the project.
BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this
resolution to Office of the Mayor, the Department of Finance, and the Office of Housing and
Community Development.
Dated at Kona , Hawai`i,this 17th day of August , 2022 .
INTRODUCED BY:
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COUNCIL MEMBE' 1 UNTY OF HAWAII
COUNTY COUNCIL ROLL CALL VOTE
County of Hawai`i AYES NOES ABS EX
Hilo, Hawaii CHUNG X
DAVID X
I hereby certify that the foregoing RESOLUTION was by INABA X
the vote indicated to the right hereof adopted by the COUNCIL of the KANEALI`I-KLEINFELDER
County of Hawai`i on August 17, 2022 X
KIERKIEWICZ X
KIMBALL X
ATTEST: LEE LOY X
RICHARDS X
VILLEGAS X
0I/ ' 9 0 0 0
or
_ i._ /� Reference: C-891/FC-179
-UNTY CLE - A IRPERSON&` , -- OFFICER RESOLUTION NO. 472 22