HomeMy WebLinkAboutRES 303 Draft 01 2022-2024COUNTY 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
WHEREAS, on January 14, 2021, the County issued a notice of award to the
Developer for the RFP; and
WHEREAS, on October 4, 2021 the County entered into a Development
Agreement with Kamakoa Nui Limited Partnership, a limited partnership of PHAC
("Developer") for the development and construction, rental, management, and
operations by the Developer of the Project to be situated on the Property; and
WHEREAS, on February 11, 2022 the County and the Developer amended the
Agreement with the First Amendment to Development Agreement to; change the
Project name to "Na Hale Makoa", increase the unit count up to 140 units, increase
the lease term to 68 years, and approve the Developer for thirty (30) Project -Based
Housing Choice vouchers; and
WHEREAS, the Developer has developed or assisted in the development of nearly
sixty (60) projects amounting to 1,851 housing units for very low to moderate income
families and persons with special needs, and owns directly or through affiliated
entities 14 projects of 939 senior and family apartments; and
WHEREAS, on July 13, 2023, the Board of Directors of the Hawaii Housing
Finance and Development Corporation approved Low Income Housing Tax Credits,
Hula Mae Multi -Family Bonds, Rental Housing Revolving Funds financing from the
Hawaii Housing Finance and Development Corporation totaling $80,379,664.00 for
the Na Hale Makoa project; and
WHEREAS, the Developer anticipates beginning construction in the first
quarter of 2024; and
WHEREAS, the County Council has determined that there is a need for
provision of affordable housing throughout Hawaii County; 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 affordable housing developers as
such rentals and on such terms and conditions as deemed proper; and now, therefore
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII,
that the Finance Director is hereby authorized to negotiate a multi-year lease for 68
years with Kamakoa Nui Limited Partnership, for the leasehold development and
operation of Na Hale Makoa as an affordable housing project.
BE IT FINALLY RESOLVED, that the County Clerk shall forward a copy of this
resolution to the Office of Housing and Community Development, the Department of
Finance, and the Office of the Mayor.
Dated at Hilo , Hawai`i, this 1st day of November , 2023.
INTRODUCED BY:
c -Pl 4g/K
COUNCIL MEMBER, COUNTY OF HAWAI`I
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii AYES NOES ABS EX
Hilo, Hawai`i EVANS X
GALIMBA X
I hereby certify that the foregoing RESOLUTION was by INABA X
the vote indicated to the right hereof adopted by theKAGIWADA X
t2COUNCIL of the
County of Hawai`i on November 1, 11
KANEALI`I-KLEINFELDER X
KIERKIEWICZ X
ATTEST: KIMBALL X
LEE LOY X
VILLEGAS X
6 0 3 0
,/ ,_'/4. l �/ Reference: C-517/LAAC -36
NTY CLERK C AIRPERSON&PRESIDING OFFICER RESOLUTION NO. 303 23