Meeting Time: March 15, 2021 at 1:30pm HST
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Agenda Item

AH-20 CC 21-109 USE OF FUNDS RECEIVED THROUGH CHAPTER 3.35, MAUI COUNTY CODE, FOR THE KAI?ULU O HALELE'A PROJECT (AH-20)

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    Guest User over 3 years ago

    To: Affordable Housing Committee ah.committee@mauicounty.us
    From: Kihei Community Association
    Date: March 14, 2021
    Re: Kaiaulu O Halelea (Ikika ‘Ohana) affordable housing units in Kihei

    Aloha Chair Johnson and committee members. Mahalo for this opportunity to offer our testimony on Agenda item AH-20, USE OF FUNDS RECEIVED THROUGH CHAPTER 3.35, MAUI COUNTY CODE, FOR THE KAIAULU O HALELEA PROJECT.

    We are extremely pleased with Ikaika ‘Ohana’s prior project in North Kihei, Kaiwahine Village, and expect a similar quality project with this one located south of there in the R & T Park.

    KCA supports the granting of the funds for this project. However, the KCA board of directors has serious concerns about the flow of traffic at the intersection of Liloa and Piilani Hwy with the increase in traffic on an already compromised intersection.

    Is there a plan in the works to improve that intersection? As the park continues to build out, there is more and more pressure on the existing roadway infrastructure, which is not in compliance with the Kihei-Makena Community Plan that requires for adequate infrastructure to be built concurrent with development.

    (1998 Kihei-Makena Community Plan, Part III A (1) Upon adoption of this plan, it shall be required that adequate facilities and infrastructure will be built concurrent with future development.)

    We are hopeful that as this project proceeds, the developers will present the design early in the process for review by KCA’s Design Review Committee.

    Mahalo for your time.
    Dr Mary Trotto
    member of the KCA board

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    Scott Shapiro over 3 years ago

    This item will allow a subordination of the county's foreclosure rights to a lender of the developer. The county is granting $1.5 million to the project, without any recourse or rights if the borrower is foreclosed upon. What is the safety net for the $1.5 million dollar grant if something unforeseen happens? Would the county be out $1.5 million? Thank you for considering alternatives, possibly securitizing some other asset of the developer?