HomeMy WebLinkAboutCOM 0159.000 2008-2010Y .
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William P. Kenoi
Mayar
County of Hawaii
PLANNING DEPARTMENT
Aupuni Center • IOI Pauahi Stree[, Suite 3 Hilo, Hawaii 96720
Phone(808)961-8288 • Fax (808)961-8742
January 28, 2009
Ms. Dara S. O'Farrell, Vice President, CFO
Gen III, LLC and Meyer Crest, LLC
725 Folger Avenue
Berkeley, CA 94710
Dear Ms. O'Farrell:
Change of Zone Ordinance No. 03-69 (REZ 1007)
Applicant: Gen III, LLC and Meyer Crest, Ltd. (formerly Pua'a Development, Inc.)
Request: A-Sato RM-2.5
Subject: Administrative Time Extension for Condition D (Secure Final Plan Approval)
Tax Ma Ke 7-5-010:061
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This is in response to your request for an administrative time extension to comply with Condition
D of Change of Zone Ordinance No. 03-69. Condition P allows for an administrative time
extension for a period not to exceed the period originally granted. Based on the reasons stated in
your letter, we will grant a 5-year time extension to May 13, 2013 to comply with Condition D
(secure Final Plan Approval).
As a reminder, based on the requirements of Condition H, if construction does not commence by
May 13, 2009, the applicant shall prepare and submit a revised Traffic Impact Analysis for the
proposed multiple family'residential development for review and approval of the Department of
Public Worlcs, prior to the submittal of plans for Plan Approval Review.
If you have any questions, please feel free to contact Jeff Darrow at 961-8288, ext 267.
Sincerely,
Acting Planning Director
JWD:smn
P:\public\wpwin60\Jeff\Let rs\Time Ext\LOFarrell-AdminTER-CondD-REZ1007.doc
cc w/copy of letter: awaii County Counci]
Planning Commission
Kona Planning Department
Hawaii County is nn Equal Opportuniry Provider and F,mpfoyer
Daryn S. Arai
Acting Planning Director
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January 12, 2009
Chris Yuen
County of Hawaii Planning Department
] Ol Pauahi St, Suite 3
Hilo, Hawaii 96720
cc: Deanne Bugado, Planning Dept, Kailua-Kona
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RE: Zoning Ordinance No. 03-69, TMK 7-5-010:061, multi-unit residential project, Haulalai Rd.
Dear Sir:
Please accept this correspondence as request for extension of Zoning Ord. No. 03-69 for an additional S
years as allowed for in the original Ordinance documents.
Background: The owner of Record of TMK 7-5-010:061 is GBH-Kai Maluna, LLC, a partnership which
has now been restructured and is wholly owned by MC-G3, LLC, and Gen ill, LLC, both California,
LLCs, development entities owned by various members of the Meyer family, which has been active in
Commercial and Hotel Real Estate Development for over 50 years.
The project associated with this Zoning Ordinance has gone through several permutations over the last 5
years, as market conditions changed. The most recent proposed plans were very close to full approval
when the current economic crisis began and halted progress. These plans were for 120 condominium
units with clubhouse, pool, landscaping and significant additional amenities.
In the recent downturn in the Real Estate market, several partners have now withdrawn from the project,
and the Meyer family controls the property. It is our plan to reevaluate the proposed plans, modify them
to adjust to the curcent economics of the Kona market, and prepare to restart the project as soon as
feasible. While the market is extremely challenging at this time, the lack of current new residential
development in the area will produce market demand and opportunities in the future.
Bert Meyer and I visited the property in late 2008 and met with Deanne Bugado in the Kona office.
Deanne was very helpful and encouraged us to submit this request and the revised project plans which
will follow. I believe this project can be a significant benefit to the community and hope to be ready to
move forward when economics rebound.
We realize there will be further information required in order to grant this extension and look forward to
establishing a dialogue with your office to satisfy such requirements.
Please let me know what is necessary to proceed.
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Regards, ~
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Dora S. O'Farrell
Vice President, CFO
Gen III, LLC and Meyer Crest, Ltd.
dara@meyercrest.com
725 Folger Avenue, Berkeley, CA 94710 • 510-845-1077 • (fax) 510-845-1544