HomeMy WebLinkAboutRES 522 Draft 01 2016-2018I OF of
COUNTY OF HAWAII STATE OF HAWAII
OF
RESOLUTION NO. 522 !18
RESOLUTION ACCEPTING FINAL PAYMENT OF IN -LIEU FEES IN THE
AMOUNT OF $50,000.00 BY KW KONA INVESTORS, LLC TO SATISFY
CONDITION "B" OF ORDINANCE NO. 87-113
WHEREAS, KW KONA INVESTORS, LLC (KW KONA) is the owner of
approximately 81.395 acres of land at Ka`upulehu, North Kona, Hawaii, covered by tax
map key (3) 7-2-010:010 (Formerly 7-2-003: portions of 001 and 002); and
WHEREAS, on October 28, 1987, Change of Zone Ordinance No. 87-113 became
effective, by changing the district classification from Open (0) and Resort Hotel (V-3) to
Resort Hotel (V-7); and
WHEREAS, in accordance with an Affordable Housing Agreement dated
February 18, 1988, the developer agreed to pay the County $100,000 in -lieu fees for the
eight (8) required affordable housing units, at a rate of $12,500 per affordable housing
unit; and
WHEREAS, the developer paid $50,000 of the in -lieu fee, on February 4, 1988
and, with the Affordable Housing Agreement still in effect, has now submitted a check for
the outstanding balance in the amount of $50,000 to fully satisfy Condition `B"; now,
therefore,
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII
that pursuant to the Agreement dated February 18, 1988, the County Council does hereby
accept final payment of $50,000 by KW KONA INVESTORS, LLC, to satisfy Condition
(B) of Ordinance No. 87-113 for the development of the fifty (50) additional hotel units.
•
BE IT FURTHER RESOLVED, that this resolution shall take effect immediately
upon approval.
BE IT FINALLY RESOLVED, that a copy of this resolution be transmitted to the
Planning Director and Housing Administrator of the County.
Dated at Kona , Hawai`i, this 28th day of March , 2018 .
INTRODUCED BY:
AA.
COUNCIL MEMS = , 1 OF A WAI`
COUNTY COUNCIL ROLL CALL VOTE
County of Hawai`i AYES NOES ABS EX
Hilo, Hawai`i CHUNG X
DAVID X
I hereby certify that the foregoing RESOLUTION was by EOFF X
the vote indicated to the right hereof adopted by the COUNCIL of the KANUHA
County of Hawai`i on March 98, 9018 X
LEE LOY X
O'HARA X
ATTEST: POINDEXTER X
RICHARDS X
RUGGLES X
Reference:
C-783/FC-89
COUNTY CLERK CHAIRPERSON&PRESIDING OFFICER RESOLUTION NO. 522 18
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