HomeMy WebLinkAboutCOM 0087.001 1998-2000 etr of n~ Virginia Goldstein
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Stephen K. Yamashiro \J~~
Muyor Russell Kokubun
. Deputy Director
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October 21, 1999 PLANNING DEPARTMENT ~
25 Aupuni Street, Room 109 • Hilo, Hawaii 9672U•4252 ~ -
(808) 961-8288 • Fax (808) 961-8742 _ 3
Ms. Ann Cobb
Planning Coordinator
Waikoloa Development Company
150 Waikoloa Beach Drive
Kamuela, HI 96743
Dear Ms. Cobb:
Change of Zone Ordinance No. 265, as amended by
Ordinance No. 85 75 (REZ 506)
Change of Zone Ordinance No. 91 112 (REZ 697)
Applicant: Waikoloa Development Company
Subject: 1999 Annual Progress Report
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This is to acknowledge receipt of your letter dated October 8, 1999, containing an annual
progress report as required by Condition K of Ordinance 85 75 and Condition M of Ordinance
No. 91 112. Thank you for complying with the annual report requirement.
As a reminder, you are required to comply with all conditions as stated in the above-referenced
ordinance within their appropriate timetables. Please note that your next annual report will be
due on or before November 18, 2000.
Should you have any questions, please contact Phyllis Fujimoto or Susan Gagorik of this office
at 961-8288.
Sincerely,
/1. ,f~..i~.-low
~IRGINIA GOLDSTEIN
Planning Director
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Ref. Date ~ 2 6 1999
Ms. Ann Cobb
Planning Coordinator
Waikoloa Development Company
Page 2
October 21, 1999
c w/ltr: County Council
Planning Commission
West Hawaii Office
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WAIKOLOA
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October 8, 1999 CCU,{7y , , c-,,~'
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Ms. Virginia Goldstein
Planning Director
Planning Department
County of Hawaii
25 Aupuni Street
F.iio, Hawaii 9u'720
RE: ANNUAL REPORT
ZONING ORDINANCE 265, AS AMENDED BY ZONING
ORDINANCE 85-75, AND ZONING ORDINANCE 91-112 (R 506/697)
WAIKOLOA BEACH RESORT
Deaz Ms. Goldstein:
Please let this letter serve as the combined Annual Report required by Condition K of
Zoning Ordinance 85-75 and Condition M of Zoning Ordinance 91-112 for the Waikoloa
Beach Resort.
Work Completed includes:
All tenant spaces within the Kings' Shops (TMK: 6-9-08:5) have been improved and
the project is 100% leased out as of this date.
The former Royal Waikoloan hotel is nearing completion of an extensive, four and
one-half month renovation project, with reopening of the hotel as the Outrigger Waikoloa
°ezeh uotet ,ec Resort ~=hed„led fnr (lercher 15, 1999.
Work in Progress includes:
Completion of construction on Waikoloa Homesites Venture's golf course (TMK: 6-
9-08:por. 2), which commenced on January 26, 1995, remains deferred pending a change in
market conditions, which will not support a project of this nature at this time. Likewise, the
Kings' Estates (6-9-08:por. 12) single family residential subdivision has also been placed on
hold. We have been maintaining a close watch on recent resort single family lot sales and
are doing research to determine if this golf course-oriented project would have the same
success as the recent oceanfront lot sales.
150 Waikoloa Beach Drive •Waikoloa, Hawaii 96738 • Phone (808) 886-1000 • Fax (808) 886-8896
Ms. Virginia Goldstein
October 8, 1999
Page Two
Emplovment:
Direct employment by the major operating entities at the Waikoloa Beach Resort is
estimated below:
The Bay Club 210
The Beach Grill Restaurant 29
Dolphin Quest 27
Hilton Waikoloa Village 1,400
Kings' Shops (including tenants) 363
Ocean Sports 21
Red Sail Sports 40
Outrigger Waikoloa Beach 350
The Shores at Waikoloa 40
Vista Waikoloa 3
Waikoloa Land Company and
related entities 135
Total Estimated Resort Employment 2,618
Compliance with Conditions:
Conditions of approval of Ordinance 85-75 related to project incrementation (B),
resubdivision (C), affordable and temporary worker's housing (H & I), and a site for a
school (J) have all been met, as have Conditions of Ordinance No. 91-112 related to plan
approval for a portion of the planned residential development (B) and compliance with
Department of Education requirements (I). Compliance with all other conditions of
approval is being pursued and/or the conditions are ongoing and will continue to be
complied with as applicable.
We are encouraged by the recent interest in resort residential projects. However, a large
number of development parcels are being sold at well below their initial purchase price,
making it difficult to attain full value on the development or sale of existing unsold parcels.
We are optimistic, though, and look forward to an active 2000 at Waikoloa Beach Resort.
Your acceptance of this report for 1999 is appreciated.
Respectfully submitted,
Ann Cobb
Land Manager
c: Thos Rohr