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HomeMy WebLinkAboutRES 481 Draft 02 1988-1992COUNTY OF HAVIfq '`~:-,5-'~ATE OF HAWAII ~r~ -Ab... u RESOLUTION No. ~8~ ~°~ (Draft 2) RESOLUTION OF THE COUNTY COUNCIL OF THE COUNTY OF HAWAII AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH WAIKOLOA HEIGHTS INVESTMENT PARTNERS. WHEREAS, by virtue of Section 46-15, Hawaii Revised Statutes (HRS), as amended, and by the regulations related thereto, the County is empowered to develop real property, either itself, or on behalf of the State of Hawaii, or in partnership with qualified developers or contractors; and WHEREAS, by virtue of Chapter 2, Article 13, Section 2-70, of the Hawaii County Code of the County of Hawaii, the County is empowered to develop and construct dwelling units, alone or in partnership with developers or contractors; and WHEREAS, the County hereby acknowledges that the Waikoloa Heights Investment Partners (hereinafter called WHIP) is an acceptable and qualified partner in satisfaction of the requirements of Chapter 2, Article 13, Section 2-70, of the Hawaii County Code; and WHEREAS, the County hereby acknowledges that the County and WHIP have infrastructure requirements that affect each other; and WHEREAS, WHIP desires to develop properly zoned lands in Waikoloa Village, South Kohala, Hawaii, identified as a TMK: 6-8-002: Por. 22; and WHEREAS, the County's Office of Housing and Community Development (hereinafter called "OHCD") desires to develop land in Waikoloa Village, South Kohala, Hawaii, identified as TMK: 6-8-002: Por. 26, to provide decent, safe, and sanitary housing to qualified individuals; and WHEREAS, the County and WHIP have made funds available for the development of a l0 MV electrical substation, electrical transmission lines, drainage diversion(s), water transmission lines, and sewer transmission lines with costs as determined by the County and WHIP to be of mutual benefit to each other; and WHEREAS, the County desires to provide off-site infrastructure through property owned by WHIP to develop the Waikoloa Village Affordable Housing Project; and WHEREAS, WHIP desires to provide off-site infrastructure through property owned by the County to develop the Waikoloa Heights Project; and WHEREAS, WHIP and the County mutually desire to combine their resources to meet their mutual objectives as set forth herein. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that the Mayor or her authorized representative is hereby authorized to enter into an agreement, as embodied in concept by the attached agreement and implementing documents, with Waikoloa Heights Investment Partners to provide affordable housing for the residents of the County of Hawaii. BE IT FURTHER RESOLVED, that the Housing Administrator is hereby authorized to execute implementing documents to assure the completion of the on- and off-site infrastructure and to take any and all action necessary to hasten the completion of the project or substantially reduce its cost. BE IT FURTHER RESOLVED, that copies of this Resolution be sent to Waikoloa Heights Investment Partners and the Administrator of the Office of Housing and Community Development of the County of Hawaii. Date: Hilo, Hawaii, July 15, 1992 INTRODUCED BY: COUNCIL M BER, COUNTY OF HAWAII COUNTY COUNCIL County of Hawaii Hilo, Hawaii I hereby certify that the foregoing RESOLUTION was by the vote indicated to the right July dieted by9 9 ZCOUNCIL of the County of Hawaii on 5 l1 . ATTEST: CHAIRMAN & PRESIDING OFFICER ROLL CALL VOTE AYES NOES ABS EX ARAKAKI X DE LIMA DOMINGO HALE X ALON70 LAI X MAKUAKANE X RUDDLE SCHUTTE X 7 Reference RESOLUTION NO. ~8~ QI'Z (DRAFT 2)