HomeMy WebLinkAboutRES 472 Draft 01 2020-2022A RESOLUTION AMENDING RESOLUTION NO. 476-18, REGARDING THE AUTHORIZATION OF THE DIRECTOR OF FINANCE TO NEGOTIATE A SEVENTY-FIVE YEAR LEASE WITH THE HAWAI‘I 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 Hawai‘i (“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), Hawai‘i 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 Hawai‘i Island Community Development Corporation (HICDC) is a non-profit organization with extensive
experience in the development of affordable housing; and
WHEREAS, the County, via Hawai‘i 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 Hawai‘i 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 HAWAI‘I, 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 _____________, Hawai‘i, this ______ day of ___________________, 20___.
INTRODUCED BY:
_______________________________________
COUNCIL MEMBER, COUNTY OF HAWAI‘I
COUNTY COUNCIL
County of Hawai‘i
Hilo, Hawai‘i
ROLL CALL VOTE
AYES
NOES
ABS
EX
CHUNG
DAVID
I hereby certify that the foregoing RESOLUTION was by
the vote indicated to the right hereof adopted by the COUNCIL of the
County of Hawai‘i on _____________________________________.
INABA
KĀNEALI‘I-KLEINFELDER
KIERKIEWICZ
KIMBALL
ATTEST:
LEE LOY
RICHARDS
VILLEGAS
Reference:
COUNTY CLERK CHAIRPERSON & PRESIDING OFFICER
RESOLUTION NO.