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COUNTY OF HAWAII • �"':''�t •`- STATE OF HAWAII 'ATE Cf•N'•N RESOLUTION NO. 281 14 RESOLUTION AUTHORIZING THE EXEMPTION OF CERTAIN CODE REQUIREMENTS, PURSUANT TO SECTION 201H-38 AND SECTION 46-15 OF THE HAWAII REVISED STATUTES FOR THE WEST HAWAII SENIOR LIVING IN NORTH KONA, HAWAII COVERED BY TAX MAP KEY (3) 7-5-017:005 WHEREAS, on June, 01, 2006, Change of Zone Ordinance 78 became effective, changing the district classification from agricultural (A-5a) to multiple-family residential (RM- 2.5) on the parcel covered by Tax Map Key (3)7-5-017:005. WHEREAS, Integra Realty Resources, Inc., has performed a Phase 1 Market Study and Rate Analysis showing the County of Hawai`i has an unmet demand for skilled-nursing of 463 beds and an unmet demand for assisted living of 438 beds. WHEREAS, West Hawai`i Health, LLC is the tenant and developer of the 14-acre parcel and has secured sufficient water commitments for the project to move forward for the ninety-six (96) assisted living residences, one-hundred-sixty(160) skilled nursing and long-term care residences and thirty-five (35) employee housing apartments. One-hundred-forty-seven (147) of the two-hundred-ninety-one (291) housing units of the total project, will be affordable in accordance with Section 201 H of the Hawai`i Revised Statues (HRS); and WHEREAS, West Hawai`i Health, LLC, members have responsibly developed and constructed assisted living facilities on Maui and Oahu. The operation of West Hawai`i Senior Living will be by Covenant Retirement, a 125-year old faith-based non-profit organization operating in more than 15 communities across the country. WHEREAS, West Hawai`i Health, LLC will satisfy the affordable housing requirements of West Hawai`i Senior Living (formerly Lava Kuakini) by providing twenty four(24) units affordable to families earning less than sixty percent of median income, eighteen (18) units affordable to families earning below eighty percent of median income, and one-hundred-five (105) units to be affordable to families earning less than one-hundred percent of median income; and WHEREAS, HRS Section 201 H-38, in conjunction with HRS 46-15.1, allows the County, with approval of the County Council, to exempt low-income housing projects from certain code requirements to facilitate the development of the project; and WHEREAS, West Hawai`i Health, LLC has requested that the County exempt the property from certain code requirements to help reduce the cost of producing the affordable housing; and