RES 303 Draft 01 2022-2024 - Laserfiche WebLink

Home

COUNTY OF HAWAII STATE OF HAWAII RESOLUTION NO. 303 23 A RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO NEGOTIATE A SIXTY -EIGHT-YEAR LEASE WITH KAMAKOA NUI LIMITED PARTNERSHIP FOR THE PURPOSE OF THE DEVELOPMENT AND CONSTRUCTION OF AN AFFORDABLE WORKFORCE RENTAL HOUSING PROJECT, SITUATED AT WAIKOLOA, DISTRICT OF SOUTH KOHALA, COUNTY AND STATE OF HAWAII, AND IDENTIFIED AS TAX MAP KEY: (3) 6-8-042:022. WHEREAS, the County of Hawaii ("County") owns approximately 235 acres of undeveloped property in Waikoloa Village identified as Tax Map Key No.: (3) 6-8-041:002, 003, 004, 005, 006, 007, 008, 009, 010, 011, 012, 013, 014, 015, 016, 017, 018. 019, 020, 021, 022 and (3) 6-8-042:022 for the purposes of providing affordable housing and related purposes at the Kamakoa Nui Subdivision ("Subdivision"); and WHEREAS, by County of Hawaii Resolution No. 328-91, dated June 5, 1991, the County through its Office of Housing and Community Development ("OHCD") acting by its Hawaii County Council, its Mayor was authorized to designate the OHCD Housing Administrator to serve as the designated county official to administer the development of the Waikoloa Village Affordable Housing Project thereon; and WHEREAS, on September 8, 2020, OHCD issued a Request for Proposals ("RFP") for the leasehold development and operation of an affordable workforce rental housing on 10.324 acres of land situated in the Subdivision being Lot 98 of the "Kamakoa Phase 1-A Subdivision" as shown on File Plan No. 2469, Tax Map Key No. (3) 6-8-042:022, ("Property"); and WHEREAS, on November. 20, 2020, Pacific Housing Assistance Corporation ("PHAC") submitted a proposal in response to the RFP for the leasehold development, ownership and operation of a 120 -unit multifamily rental housing project at the Property to families that earn less than or equal to 140% of Hawai'i County Area Median Income ("AMI") ("the Project"); and