HomeMy WebLinkAboutRES 302-94 Draft 1 Ouli 'EkahiCOUNTY OF HAWAII' STATE OF HAWAII
RESOLUTION N0. 302 94
DRAFT 2)
RESOLUTION AUTHORIZING NEGOTIATION AND EXECUTION OF AN AGREEMENT
TO DEVELOP THE PROPOSED OULI EKAHI AFFORDABLE HOUSING PROJECT.
WHEREAS, Ouli Hawaii Properties Limited Partnership
hereinafter "OHPLP"), a Hawaii limited partnership, is the owner
of 4.75 acres of land at Ouli, South Kohala, Hawaii, identified
as TMK: 6-2-01: Por. 74 (the subject property); and
WHEREAS, on July 28, 1993, the County Council adopted
Resolution No. 84-93, approving the exemption of a 15-acre
portion of the Ouli Golf Community from certain zoning,
subdivision and roadway codes and requirements; and
WHEREAS, on November 17, 1993, the County Council adopted
Resolution No. 133-93, approving exemptions to allow the
subdivision of the Ouli Golf Community parcel intc three (3)
lots; and
WHEREAS, the Ouli Ekahi Limited Partnership (hereinafter
OELP"), has applied for and has received a commitment for State
and Federal tax credits from the Housing Finance and Development
Corporation; and
WHEREAS, the OELP has solicited for and has received a
commitment from an investor(s) willing to provide equity to
utilize the eligible State and Federal tax credits for the
proposed project; and
WHEREAS, the OELP desires to satisfy State and Federal tax
credit guidelines to allow the proposed project to maximize the
amount of eligible State and Federal tax credits; and
WHEREAS, the OELP has applied for and has received
commitments for interim and permanent financing from various
entities to assure the construction of the necessary on- and off-
site infrastructure and for the construction of up to 33
affordable housing rental units; and
WHEREAS, by virtue of Chapter 46-15.1, Hawaii Revised
Statutes, (HRS) as amended, and by the regulations related
thereto, the County is empowered to develop real property, either
by itself, 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 (1) the OELP is
an acceptable and qualified partner in satisfaction of the
requirements of Chapter 201E of the HRS; and (2) the Ouli area is
a good and proper choice for housing development and
construction; and
WHEREAS, the County desires to use its funds to provide
decent, safe and sanitary housing to qualified families; and
WHEREAS, the County and the OELP mutually desire to combine
resources to develop an affordable rental complex for families
with income levels of 60 percent (60%) and below of the median
family income for the County of Hawaii.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY
OF HAWAII that the Mayor of the County of Hawaii or his duly
authorized representative is hereby authorized to execute an
agreement with Ouli Ekahi Limited Partnership to develop the Ouli
Ekahi affordable housing project.
BE IT FURTHER RESOLVED THAT the Mayor of the County of
Hawaii or his duly authorized representative is hereby authorized
to execute other documents required to develop the Ouli Ekahi
affordable housing project.
BE IT FURTHER RESOLVED THAT copies of this resolution be
transmitted to the Office of Housing and Community Development,
the Ouli Ekahi Limited Partnership, and the Housing Finance and
Development Corporation.
Dated at Hilo, Hawaii, this 19th day of October 1994.
INTRODUCED BY:
i
UNCIL MEMBER, COUNTY OF HAWAII
COUNTY COUNCIL
County of Hawaii
Hilo. Hawaii
ROLL CALL VOTE
I I AYES 1 NOES I ABS 1 EX I
I hereby certify that the foregoing RESOLUTION was by the
vote indicated to the right hereof adopted by the COUNCIL of
the County of Hawaii on October 19, 1994
ATTEST:
C-1359.01
302 94 (DRAFT 2>CHAIRMAN & PRESIDING OFFICER RESOLUTION NO.