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i PalamanuiAmendREZ05-10.doc 11/11/20 COUNTY OF HAWAII PLANNING DEPARTMENT BACKGROUND REPORT PALAMANUI GLOBAL HOLDINGS LLC AMENDMENT TO CHANGE OF ZONE ORDINANCE NO. 09 132 (REZ 05-10) PALAMANUI GLOBAL HOLDINGS LLC has submitted a request to amend Condition V (Scope and Timing of Road Improvements) and Condition S (Scope and Timing of Park Improvements)of Ordinance No. 09 132,which amended Ordinance No. 06 105,which rezoned 725 acres from an Agricultural- 3 acres(A-3a) and Open to a Project District zoning district for a mixed-use development known as the Palamanui Development. The property is located northeast of the Kona International Airport at Keahole,between Queen Ka`ahumanu Highway and Makalei Estates Subdivision,Kau,North Kona, Hawaii, TMK: (3) 7-2-005: Portion of 001. APPLICANT'S REQUEST 1. Status of Project Development: Palamanui Global Holdings LLC ("Palamanui")is the owner and developer of the 725-acre property known as the mixed use"Palamanui Development"on TMK 7-2-005:001, which consists of 695 acres zoned Project District and about 30 acres zoned MCX(Industrial-Commercial Mixed) located just north of the University of Hawaii-West Hawaii campus ("UHWH"). One of the short-term objectives of the Palamanui Development was to help kick start the development of the UHWH,with the goal of creating a university village that consisted of a university and a community. Palamanui has already invested more than$22 million towards the construction of the UHWH and related infrastructure in a cooperative undertaking with the University of Hawaii. Palamanui's work and expenditures that have directly benefited and/or supported the UHWH include: • Funding$4.4 million for the completion of a new road from Ka`iminani Drive to the new University Drive, which is identified as Road 3A in the Kona Community Development Plan("KCDP"); I I