KCR DEVELOPMENT INTERIM PLANNED DEVELOPMENT-TRANSIT PERMIT APPLICATION FOR A CONDO-HOTEL, HOTEL, AFFORDABLE RESIDENTIAL APARTMENT RENTAL, AND ...
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KCR DEVELOPMENT INTERIM PLANNED DEVELOPMENT-TRANSIT PERMIT APPLICATION FOR A CONDO-HOTEL, HOTEL, AFFORDABLE RESIDENTIAL APARTMENT RENTAL, AND COMMERCIAL DEVELOPMENT TAX MAP KEYS: (1) 2-3-41: 3 and 4 KCR Development 1296 Kapiolani Boulevard, Suite 2 Honolulu, Hawaii 96814 R.M. Towill Corporation 2024 North King Street, Suite 200 Honolulu, Hawaii 96819-3494 MARCH 2020
Table of Contents dĂďůĞŽĨŽŶƚĞŶƚƐ WĂŐĞ ϭ͘ /ŶƚƌŽĚƵĐƚŝŽŶ ϭ Ϯ͘ 'ĞŶĞƌĂů/ŶĨŽƌŵĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯ Ϯ͘ϭ ƉƉůŝĐĂŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯ Ϯ͘Ϯ >ĂŶĚŽǁŶĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯ Ϯ͘ϯ ZĞǀŝĞǁŝŶŐŐĞŶĐLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ Ϯ͘ϰ dĂdžDĂƉŽĐĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ Ϯ͘ϳ >ŽƚƌĞĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ Ϯ͘ϴ ŽŶŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ Ϯ͘ϵ ^ƚĂƚĞ>ĂŶĚhƐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ Ϯ͘ϭϬ ĞǀĞůŽƉŵĞŶƚWůĂŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ Ϯ͘ϭϭ ^ƉĞĐŝĂůŝƐƚƌŝĐƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ Ϯ͘ϭϮ džŝƐƚŝŶŐhƐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯ ϯ͘ ĨĨŝĚĂǀŝƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰ ϰ͘ ĂĐŬŐƌŽƵŶĚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰ ϰ͘ϭ WƌŽũĞĐƚ^ŝƚĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰ ϰ͘Ϯ ^ƵƌƌŽƵŶĚŝŶŐhƐĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰ ϰ͘ϯ ,ŝƐƚŽƌLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰ ϱ͘ džŝƐƚŝŶŐŽŶĚŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭ ϲ͘ WƌŽƉŽƐĞĚĞǀĞůŽƉŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭ ϳ͘ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ ϳ͘ϭ tĂƐƚĞǁĂƚĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ ϳ͘Ϯ tĂƚĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰ ϳ͘ϯ ƌĂŝŶĂŐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱ ϳ͘ϰ KƚŚĞƌhƚŝůŝƚŝĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲ ϳ͘ϰ͘ϭ ůĞĐƚƌŝĐĂů^ĞƌǀŝĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲ ϳ͘ϰ͘Ϯ 'ĂƐ^ĞƌǀŝĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲ ϳ͘ϰ͘ϯ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶ;WŚŽŶĞͬĂďůĞͬ/ŶƚĞƌŶĞƚͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲ ϴ͘ dƌĂĨĨŝĐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲ ϴ͘ϭ ƌĞĂZŽĂĚǁĂLJ^LJƐƚĞŵ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϳ ϴ͘Ϯ dƌĂĨĨŝĐ/ŵƉĂĐƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴ ϴ͘ϯ ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϵ ϴ͘ϰ ŽŶĐůƵƐŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϭ ϵ͘ KƚŚĞƌ/ŵƉĂĐƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϭ ϵ͘ϭ WƵďůŝĐ^ĞƌǀŝĐĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϭ ϵ͘ϭ͘ϭ ^ŽůŝĚtĂƐƚĞŝƐƉŽƐĂů͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϭ ϵ͘ϭ͘Ϯ &ŝƌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϮ ϵ͘ϭ͘ϯ WŽůŝĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϮ ϵ͘ϭ͘ϰ ^ĐŚŽŽůƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϮ ϵ͘Ϯ WŚLJƐŝĐĂůŶǀŝƌŽŶŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϯ ϵ͘Ϯ͘ϭ EĂƚƵƌĂů>ĂŶĚ&ŽƌŵƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϯ ϵ͘Ϯ͘Ϯ WƵďůŝĐsŝĞǁƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϯ ϵ͘Ϯ͘ϯ EĂƚƵƌĂů,ĂďŝƚĂƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϯ L
Table of Contents ϵ͘Ϯ͘ϯ͘ϭ &ůŽƌĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϯ ϵ͘Ϯ͘ϯ͘Ϯ &ĂƵŶĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϯ ϵ͘Ϯ͘ϰ ,ŝƐƚŽƌŝĐ^ŝƚĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϰ ϵ͘Ϯ͘ϱ džĐĞƉƚŝŽŶĂůdƌĞĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϰ ϵ͘Ϯ͘ϲ͘ WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϰ ϭϬ͘ ŽŵŵƵŶŝƚLJ/ŶƉƵƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϰ ϭϭ͘ ƌĐŚĂĞŽůŽŐŝĐĂů͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϱ ϭϭ͘ϭ͘ WƌŽũĞĐƚͲZĞůĂƚĞĚ'ƌŽƵŶĚŝƐƚƵƌďĂŶĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϱ ϭϭ͘Ϯ͘ ƵŝůƚĂŶĚEĂƚƵƌĂůŶǀŝƌŽŶŵĞŶƚĞƐĐƌŝƉƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϱ ϭϭ͘ϯ͘ ŽĐƵŵĞŶƚ,ŝƐƚŽƌLJĂŶĚWƵƌƉŽƐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϲ ϭϭ͘ϰ͘ ,ŝƐƚŽƌŝĐWƌĞƐĞƌǀĂƚŝŽŶZĞŐƵůĂƚŽƌLJŽŶƚĞdžƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϳ ϭϭ͘ϱ͘ &ŝĞůĚ/ŶƐƉĞĐƚŝŽŶͬ^ƵďƐƵƌĨĂĐĞdĞƐƚŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϳ ϭϭ͘ϲ͘ ĂĐŬŐƌŽƵŶĚZĞƐĞĂƌĐŚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϳ ϭϭ͘ϳ͘ WƌĞǀŝŽƵƐƌĐŚĂĞŽůŽŐŝĐĂů^ƚƵĚŝĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϴ ϭϭ͘ϴ͘ ƌĐŚŝƚĞĐƚƵƌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϵ ϭϭ͘ϵ͘ ŽŶƐƵůƚĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϵ ϭϭ͘ϭϬ͘ ZĞƐƵůƚƐŽĨ/ŶŝƚŝĂů/^&ŝĞůĚǁŽƌŬĨĨŽƌƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϬ ϭϭ͘ϭϭ͘ ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϬ ϭϮ͘ :ƵƐƚŝĨŝĐĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϬ ϭϮ͘ϭ͘ džĞĐƵƚŝǀĞ^ƵŵŵĂƌLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϬ ϭϮ͘ϭ͘ϭ͘ WƵƌƉŽƐĞΘ/ŶƚĞŶƚŽĨƚŚĞdKWůĂŶ;^ĞĐƚŝŽŶϭ͘ϭ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϬ ϭϮ͘ϭ͘Ϯ͘ 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/ŶƚĞƌŵŽĚĂůŽŶŶĞĐƚŝǀŝƚLJ;^ĞĐƚŝŽŶϮ͘Ϯ͘ϱ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϰ ϭϮ͘Ϯ͘Ϯ͘ϲ͘ /ŶĐƵďĂƚŽƌKĨĨŝĐĞĂŶĚĚƵĐĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϰ ϭϮ͘Ϯ͘Ϯ͘ϳ͘ ƵůƚƵƌĂůWƌŽŐƌĂŵƐΘWƵďůŝĐǀĞŶƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϰ ϭϮ͘Ϯ͘Ϯ͘ϴ͘ WƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϰ ϭϮ͘ϯ͘ ĞǀĞůŽƉŵĞŶƚ&ƌĂŵĞǁŽƌŬ;^ĞĐƚŝŽŶϯͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϱ ϭϮ͘ϯ͘ϭ͘ >ĂŶĚhƐĞ;^ĞĐƚŝŽŶϯ͘Ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϱ ϭϮ͘ϯ͘ϭ͘ϭ͘ >ĂŶĚhƐĞWŽůŝĐŝĞƐĂŶĚĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐŝĞƐ;dĂďůĞϯͲϭͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϱ ϭϮ͘ϯ͘ϭ͘ϭ͘ϭ͘ /ŶƚĞŶƐŝĨLJ>ĂŶĚhƐĞ^ƵƌƌŽƵŶĚŝŶŐ^ƚĂƚŝŽŶ;dĂďůĞϯͲϭͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϱ ϭϮ͘ϯ͘ϭ͘ϭ͘Ϯ͘ WƌŽǀŝĚĞĂůĂŶĐĞĚDŝdžŽĨ>ĂŶĚhƐĞƐ;dĂďůĞϯͲϭͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϱ ϭϮ͘ϯ͘ϭ͘ϭ͘ϯ͘ ŝǀĞƌƐŝƚLJ,ŽƵƐŝŶŐKƉƚŝŽŶƐ;dĂďůĞϯͲϭͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϲ ϭϮ͘ϯ͘ϭ͘ϭ͘ϰ͘ 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Table of Contents ϭϮ͘ϯ͘ϱ͘ϭ͘ϭ͘ ZĞĚƵĐĞƵƚŽĞƉĞŶĚĞŶĐLJ;dĂďůĞϯͲϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϬ ϭϮ͘ϯ͘ϱ͘ϭ͘Ϯ͘ DĂŶĂŐĞWĂƌŬŝŶŐ&ĂĐŝůŝƚŝĞƐ;dĂďůĞϯͲϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϬ ϭϮ͘ϯ͘ϱ͘ϭ͘ϯ͘ WƌŽŵŽƚĞdƌĂŶƐŝƚhƐĂŐĞ;dĂďůĞϯͲϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϬ ϭϮ͘ϯ͘ϱ͘ϭ͘ϰ͘ /ŶƚƌŽĚƵĐĞŝŬĞ&ƌŝĞŶĚůLJ^ƚƌĞĞƚƐ;dĂďůĞϯͲϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϭ ϭϮ͘ϯ͘ϱ͘ϭ͘ϱ͘ DĂŬĞůĂDŽĂŶĂtĂůŬĂďůĞ;dĂďůĞϯͲϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϭ ϭϮ͘ϯ͘ϱ͘ϭ͘ϲ͘ ZĞĚƵĐĞŽŶĨůŝĐƚƐĞƚǁĞĞŶDŽĚĞƐ;dĂďůĞϯͲϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϮ ϭϮ͘ϯ͘ϱ͘ϭ͘ϳ͘ ŶŚĂŶĐĞDĂƵŬĂͲDĂŬĂŝ>ŝŶŬƐ;dĂďůĞϯͲϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϮ ϭϮ͘ϯ͘ϱ͘Ϯ͘ ZŽĂĚǁĂLJ,ŝĞƌĂƌĐŚLJ;^ĞĐƚŝŽŶϯ͘ϯ͘Ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϯ ϭϮ͘ϯ͘ϱ͘ϯ͘ ŝĐLJĐůĞEĞƚǁŽƌŬ;^ĞĐƚŝŽŶϯ͘ϯ͘ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϯ ϭϮ͘ϯ͘ϱ͘ϰ͘ WĞĚĞƐƚƌŝĂŶŽŶŶĞĐƚŝǀŝƚLJ;^ĞĐƚŝŽŶϯ͘ϯ͘ϰ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϰ ϭϮ͘ϯ͘ϱ͘ϱ͘ WĂƌŬŝŶŐΘ^ĞƌǀŝĐŝŶŐ^ƚƌĂƚĞŐLJ;^ĞĐƚŝŽŶϯ͘ϯ͘ϱ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϰ ϭϮ͘ϯ͘ϲ͘ KƉĞŶ^ƉĂĐĞ;^ĞĐƚŝŽŶϯ͘ϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϱ ϭϮ͘ϯ͘ϲ͘ϭ͘ ŽŶĐĞƉƚ;^ĞĐƚŝŽŶϯ͘ϰ͘ϭ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϱ ϭϮ͘ϯ͘ϲ͘Ϯ͘ KƉĞŶ^ƉĂĐĞWŽůŝĐŝĞƐΘĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐŝĞƐ;dĂďůĞϯͲϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϱ ϭϮ͘ϯ͘ϲ͘Ϯ͘ϭ͘ DĂdžŝŵŝnjĞdžŝƐƚŝŶŐKƉĞŶ^ƉĂĐĞǁŝƚŚŝŵƉƌŽǀĞŵĞŶƚŽĨĞdžŝƐƚŝŶŐ ĨĂĐŝůŝƚŝĞƐĂŶĚƉƌĞƐĞƌǀĂƚŝŽŶŽĨĞdžŝƐƚŝŶŐŽƉĞŶƐƉĂĐĞ ;dĂďůĞϯͲϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϱ ϭϮ͘ϯ͘ϲ͘Ϯ͘Ϯ͘ džƉĂŶĚKƉĞŶ^ƉĂĐĞEĞƚǁŽƌŬǁŝƚŚŶĞǁƐƉĂĐĞƐƚŽƐƵƉƉŽƌƚŶĞǁ ƌĞƐŝĚĞŶƚƉŽƉƵůĂƚŝŽŶĂŶĚƵƌďĂŶƐĐĂůĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚ ƐƵƌƌŽƵŶĚŝŶŐĚĞǀĞůŽƉŵĞŶƚ;dĂďůĞϯͲϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϱ ϭϮ͘ϯ͘ϲ͘Ϯ͘ϯ͘ /ŶĐƌĞĂƐĞZĞĐƌĞĂƚŝŽŶĂůKƉƉŽƌƚƵŶŝƚLJǁŝƚŚĂĚŝǀĞƌƐŝƚLJŽĨ ƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚŝĞƐĂŶĚůŝŶŬĞĚŶĞƚǁŽƌŬŽĨƌĞĐƌĞĂƚŝŽŶ ŽƉƚŝŽŶƐ;dĂďůĞϯͲϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϲ ϭϮ͘ϯ͘ϲ͘Ϯ͘ϰ͘ ŶŚĂŶĐĞ^ƚƌĞĞƚƐĐĂƉĞƐƚŚƌŽƵŐŚŝŶĐƌĞĂƐĞĚƉĞĚĞƐƚƌŝĂŶ ŵŽǀĞŵĞŶƚǁŝƚŚŝŶƚŚĞĚŝƐƚƌŝĐƚĂŶĚĐŽŶƐŝƐƚĞŶĐLJŝŶƚŚĞ ƉĞĚĞƐƚƌŝĂŶĞdžƉĞƌŝĞŶĐĞ;dĂďůĞϯͲϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϲ ϭϮ͘ϯ͘ϲ͘ϯ͘ WƵďůŝĐKƉĞŶ^ƉĂĐĞ;WƵďůŝĐKǁŶĞƌƐŚŝƉͿ;^ĞĐƚŝŽŶϯ͘ϰ͘Ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϳ ϭϮ͘ϯ͘ϲ͘ϰ͘ KŶͲ^ŝƚĞKƉĞŶ^ƉĂĐĞ;WƌŝǀĂƚĞKǁŶĞƌƐŚŝƉͿ;^ĞĐƚŝŽŶϯ͘ϰ͘ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϳ ϭϮ͘ϯ͘ϲ͘ϰ͘ϭ͘ tŝĚĞ^ŝĚĞǁĂůŬƐͬWĂƌŬůĞƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϳ ϭϮ͘ϯ͘ϲ͘ϰ͘Ϯ͘ WƵďůŝĐůLJĐĐĞƐƐŝďůĞWůĂnjĂƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϴ ϭϮ͘ϯ͘ϲ͘ϰ͘ϯ͘ DĂůůWĂƐƐĂŐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϴ ϭϮ͘ϯ͘ϲ͘ϰ͘ϰ͘ ŵĞŶŝƚLJĞĐŬƐͬdĞƌƌĂĐĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϴ ϭϮ͘ϯ͘ϲ͘ϰ͘ϱ͘ DĂŬŝŬŝ^ƚƌĞĂŵdƌĂŝů͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϴ ϭϮ͘ϯ͘ϳ͘ hƌďĂŶĞƐŝŐŶ;^ĞĐƚŝŽŶϯ͘ϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϵ ϭϮ͘ϯ͘ϳ͘ϭ͘ ŽŶĐĞƉƚ;^ĞĐƚŝŽŶϯ͘ϱ͘ϭ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϵ ϭϮ͘ϯ͘ϳ͘ϭ͘ϭ͘ hƌďĂŶĞƐŝŐŶWŽůŝĐŝĞƐΘĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐŝĞƐ ;dĂďůĞϯͲϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϵ ϭϮ͘ϯ͘ϳ͘ϭ͘Ϯ͘ WƌŽƚĞĐƚDĂƵŬĂͲDĂŬĂŝsŝĞǁƐĂĐŽŶĐĞƉƚǁŝƚŚŚŝŐŚĐŽŵŵƵŶŝƚLJ ŝŵƉŽƌƚĂŶĐĞ;dĂďůĞϯͲϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϵ ϭϮ͘ϯ͘ϳ͘ϭ͘ϯ͘ WƌĞƐĞƌǀĞ,ŝƐƚŽƌŝĐΘƵůƚƵƌĂůZĞƐŽƵƌĐĞƐďLJƌĞĨůĞĐƚŝŶŐƚŚĞ ĐŽŵŵƵŶŝƚLJ͛ƐŚŝƐƚŽƌLJĂŶĚĞŵďƌĂĐŝŶŐƚŚĞĨƵƚƵƌĞ;dĂďůĞϯͲϱͿ͘͘ϱϬ ϭϮ͘ϯ͘ϳ͘ϭ͘ϰ͘ WƌŽŵŽƚĞŽŵƉĂƚŝďŝůŝƚLJŽĨ^ĐĂůĞƚŚƌŽƵŐŚĂƉƉƌŽƉƌŝĂƚĞ ƚƌĂŶƐŝƚŝŽŶƐďĞƚǁĞĞŶĚŝĨĨĞƌĞŶƚƵƐĞƐĂŶĚƐƵďĚŝƐƚƌŝĐƚƐ ;dĂďůĞϯͲϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϬ ϭϮ͘ϯ͘ϳ͘ϭ͘ϱ͘ ƌĞĂƚĞĂŶĚĐƚŝǀĞ^ƚƌĞĞƚŶǀŝƌŽŶŵĞŶƚƚŚƌŽƵŐŚƉĞĚĞƐƚƌŝĂŶ ƐĐĂůĞĂƚƐƚƌĞĞƚůĞǀĞůĂŶĚ͞ĞLJĞƐŽŶƚŚĞƐƚƌĞĞƚ͟;dĂďůĞϯͲϱͿ͘͘͘͘͘͘ϱϬ ϭϮ͘ϯ͘ϳ͘ϭ͘ϲ͘ ƐƚĂďůŝƐŚŝƐƚƌŝĐƚ'ĂƚĞǁĂLJƐ͕ŝŶĐůƵĚŝŶŐǀŝƐƵĂůŐĂƚĞǁĂLJƐƚŚĂƚ ŵĂƌŬĞŶƚƌĂŶĐĞƐƚŽƚŚĞĚŝƐƚƌŝĐƚ͕ĞƐƉĞĐŝĂůůLJĂůŽŶŐŵĂũŽƌƐƚƌĞĞƚƐ ;dĂďůĞϯͲϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϭ LLL
Table of Contents ϭϮ͘ϯ͘ϳ͘ϭ͘ϳ͘ ^ƵƉƉŽƌƚWƵďůŝĐǀĞŶƚƐŝŶĐůƵĚŝŶŐĐƵůƚƵƌĂůĐŽŵŵƵŶŝƚLJĞǀĞŶƚƐ ƚŚĂƚĐĞůĞďƌĂƚĞĂŶĚďƌŝŶŐƚŽŐĞƚŚĞƌƚŚĞƌĞƐŝĚĞŶƚƐĂŶĚǀŝƐŝƚŽƌƐŽĨ ůĂDŽĂŶĂ;dĂďůĞϯͲϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϭ ϭϮ͘ϯ͘ϳ͘Ϯ͘ hƌďĂŶĞƐŝŐŶ;^ĞĐƚŝŽŶϯ͘ϱ͘Ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϮ ϭϮ͘ϯ͘ϳ͘Ϯ͘ϭ͘ 'ĂƚĞǁĂLJƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϮ ϭϮ͘ϯ͘ϳ͘Ϯ͘Ϯ͘ DĂũŽƌEŽĚĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϮ ϭϮ͘ϯ͘ϳ͘Ϯ͘ϯ͘ DĂũŽƌƚƚƌĂĐƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϮ ϭϮ͘ϯ͘ϳ͘Ϯ͘ϰ͘ ,ŝƐƚŽƌŝĐĂŶĚƵůƚƵƌĂůZĞƐŽƵƌĐĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϯ ϭϮ͘ϯ͘ϳ͘Ϯ͘ϱ͘ >ĂŶĚŵĂƌŬƵŝůĚŝŶŐͬƌĐŚŝƚĞĐƚƵƌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϯ ϭϮ͘ϯ͘ϳ͘Ϯ͘ϲ͘ sŝĞǁŽƌƌŝĚŽƌƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϯ ϭϮ͘ϯ͘ϳ͘ϯ͘ sŝĞǁƐŚĞĚŶĂůLJƐŝƐ;^ĞĐƚŝŽŶϯ͘ϱ͘ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϰ ϭϮ͘ϯ͘ϳ͘ϰ͘ ƵŝůĚŝŶŐ&Žƌŵ;^ĞĐƚŝŽŶϯ͘ϱ͘ϰ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϰ ϭϮ͘ϯ͘ϳ͘ϰ͘ϭ͘ dŽǁĞƌKƌŝĞŶƚĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϰ ϭϮ͘ϯ͘ϳ͘ϰ͘Ϯ͘ ĞǀĞůŽƉŵĞŶƚ/ŶƚĞŶƐŝƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϰ ϭϮ͘ϯ͘ϳ͘ϰ͘ϯ͘ ƵŝůĚŝŶŐDĂƐƐŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϱ ϭϮ͘ϯ͘ϳ͘ϰ͘ϰ͘ 'ƌŽƵŶĚ&ůŽŽƌĐƚŝǀĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϱ ϭϮ͘ϯ͘ϳ͘ϰ͘ϱ͘ WŽĚŝƵŵͬ^ƚƌĞĞƚtĂůů͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϱ ϭϮ͘ϯ͘ϳ͘ϰ͘ϲ͘ ^ĐĂůĞŽŵƉĂƚŝďŝůŝƚLJͬdƌĂŶƐŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϲ ϭϮ͘ϯ͘ϳ͘ϱ͘ ^ŚĂĚŽǁ^ƚƵĚLJ;^ĞĐƚŝŽŶϯ͘ϱ͘ϱ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϲ ϭϮ͘ϰ͘ WƵďůŝĐZĞĂůŵ/ŵƉƌŽǀĞŵĞŶƚ;^ĞĐƚŝŽŶϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϵ ϭϮ͘ϰ͘ϭ͘ ŽŶĐĞƉƚ;^ĞĐƚŝŽŶϰ͘ϭ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϵ ϭϮ͘ϰ͘Ϯ͘ ^ƚƌĞĞƚƐĐĂƉĞŽŶĐĞƉƚƐ;^ĞĐƚŝŽŶϰ͘Ϯ͘Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϵ ϭϮ͘ϰ͘Ϯ͘ϭ͘
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KCR DEVELOPMENT INTERIM PLANNED DEVELOPMENT-TRANSIT PERMIT APPLICATION CONDO-HOTEL, HOTEL, AFFORDABLE RESIDENTIAL APARTMENT RENTAL, AND COMMERCIAL DEVELOPMENT AT 1659, 1661, 1663, 1665, 1667, 1673, 1677, 1679 AND 1681 KAPIOLANI BOULEVARD AND 1646 KONA STREET,ALA MOANA, OAHU, HAWAII, TAX MAP KEYS: (1) 2-3-41: 3 and 4 1. INTRODUCTION The Applicant, KCR Development (“KCR”), proposes to construct a new high-rise mixed-use project, comprised of a 529-unit condo-hotel, a 315-unit hotel, an 84-unit affordable residential apartment rental, commercial uses, and parking and ancillary support uses for the hotel, residential and commercial uses in a 400-foot tower and podium. The KCR Development (the "Project") is located at 1659, 1661, 1663, 1665, 1667, 1673, 1677, 1679 and 1681 Kapiolani Boulevard and 1646 Kona Street, Ala Moana, Oahu, Hawaii. KCR plans to develop the Project on two contiguous parcels of land (Tax Map Keys (1) 2-3-41: 3 & 4) totaling 56,250 square feet located between Kapiolani Boulevard and Kona Street (see Exhibit 1: Location and Tax Parcel Map). Currently on the Project Site are two one-story commercial buildings. The Project Site is located approximately 0.4 miles from the planned Ala Moana Center Transit Station and within the designated Transit Oriented Development (“TOD”) zone. The immediate surrounding area includes the Ala Moana Hotel, planned Manaolana Development (Mandarin Oriental), Kapiolani Residence, Convention Center, Kapiolani Business Center with a 24 Hour Fitness, and Pan Am Building. The property is zoned BMX-3 Community Business Mixed Use by the Land Use Ordinance and is designated for BMX-3B Kapiolani Mixed Use zoning under the proposed Ala Moana TOD Plan. The proposed condo-hotel, hotel, affordable residential apartment rental, and commercial uses are all permitted uses under the planned BMX-3B zoning and the existing BMX-3 zoning, except that the 529-unit condo-hotel, and 315-unit hotel requires approval of a Conditional Use Permit (Major) under the Land Use Ordinance. The Project Site has historically been used primarily for commercial retail, entertainment, dining, and office spaces. KCR has developed conceptual plans for the Project which may be modified as discussions continue with a potential hotel operator; however, any modifications to these conceptual plans are not expected to significantly change Project impacts. One possible modification to the Project may include increasing the number of condo-hotel or hotel units or both by up to a total of 29 units, resulting in a grand total of 873 condo-hotel and hotel units. The proposed 43-story structure is planned to consist of a 400-foot tall, 35-story tower with an 8- story podium. Conceptual plans showing the proposed improvements and project areas are provided in Appendix I. In the Ala Moana TOD Draft Final Plan, the Project Site is identified as a moderate priority development site. When complete, the Project will represent the “best opportunity for transit-oriented development […] and would contribute to Kapiolani Boulevard’s transformation into a highly identifiable, high-density mixed-use corridor linking downtown 1
Honolulu and Waikiki.” The Project is located approximately 0.4 miles from the planned Ala Moana Center Transit Station, and approximately 500 feet from the Ala Moana Center, the largest mall in the State and one of the largest malls in the world. The Project will anchor the already diverse and active Ala Moana neighborhood and catalyze further development in the area. The Project is expected to help encourage the continued transformation of this portion of Kapiolani Boulevard from its existing primarily commercial focus to a mixed use residential and hotel community as envisioned in establishing a BMX-3 Community Business Mixed Use District zoning and planned BMX-3B Kapiolani Mixed Use zoning by the Ala Moana TOD Plan. KCR is requesting an IPD-T approval, which will allow heights up to 400 feet (with 18 additional feet for mechanical equipment and enclosures) and up to a 10.0 floor area ratio (FAR), subject to an acceptable design and provision of community benefits, as determined by the Department of Planning and Permitting (DPP) and reviewed and approved by the City Council. At the ground floor, along with commercial space, the Project would provide the following: a) a publicly accessible, open space area (2,468 square feet, with a pedestrian path and landscaping) extending between Kapiolani Boulevard and Kona Street; b) a covered motor court for hotel and residential drop-off and pick-up with connecting access between Kapiolani Boulevard and Kona Street; c) internal access to the ramp to the parking garage; d) a loading entrance on Kona Street that provides access to off-street loading zones and back of house spaces on the ground floor; e) a 12-foot wide and improved walkway along Kapiolani Boulevard that combined with the public sidewalks would create a wide pedestrian activated path; f) a 12-foot wide public accessway between Kapiolani Boulevard and Kona Street that provides access to short term and long term bicycle storage; and g) ancillary spaces for a Fire/Booster Pump Room, Bike Storage, an Emergency Generator Room, a Hawaiian Electric Company (HECO) Room, an Electrical Room, Parcel Storage, Restrooms, Luggage Storage, a Trash Room, a Hotel/Residential Lobby, Management Offices, a Mail Room, an Employee Break Room, a Kitchen, Housekeeping, and Elevators along the Kapiolani Boulevard frontage. 2. GENERAL INFORMATION 2.1. APPLICANT: KCR Development 1296 Kapiolani Boulevard, Suite 2 Honolulu, Hawaii 96814 2.2. LANDOWNER: Tax Map Key (1) 2-3-41: 3 Evershine III LP 19620 Stevens Creek Boulevard, Suite 200 Cupertino, California 95014 Tax Map Key (1) 2-3-41: 4 Evershine III LP 19620 Stevens Creek Boulevard, Suite 200 Cupertino, California 95014 2
2.3. REVIEWING AGENCY: Department of Planning & Permitting City and County of Honolulu 650 South King Street, 7th Floor Honolulu, Hawaii 96813 2.4. TAX MAP KEY : (1) 2-3-41: 3 and 4 (Exhibit 1) 2.5. AGENT : R.M. Towill Corporation Keith Kurahashi, Principal Planner 2024 North King Street, Suite 200 Honolulu, Hawaii 96819-3494 (808) 842-1133 2.6. LOCATION : 1659, 1661, 1663, 1665, 1667, 1673, 1677, 1679 and 1681 Kapiolani Boulevard and 1646 Kona Street, Ala Moana, Oahu, Hawaii located across the street from the Ala Moana Hotel (Exhibit 1) 2.7. LOT AREA : 56,250 square feet 2.8. ZONING : BMX-3 Community Business Mixed Use BMX-3B Kapiolani Mixed Use in the Ala Moana TOD Plan (Exhibit 2) 2.9. STATE LAND USE : Urban 2.10. DEVELOPMENT PLAN LAND USE MAP : District Commercial (Exhibit 3) PUBLIC INFRASTRUCTURE MAP: Rapid Transit Corridor along Kona Street (Exhibit 4) SUPPLEMENTAL PUBLIC INFRASTRUCTURE MAP: Rapid Transit Station and Corridor along Kona Street (Exhibit 5) 2.11. SPECIAL DISTRICT: Ala Moana Neighborhood Transit Oriented Development (Exhibit 6) 2.12. EXISTING USE: Existing low-rise structures with retail, eating and drinking establishments, adult entertainment, and other commercial spaces 3
3. AFFIDAVIT A notarized affidavit confirming that the adjoining property owners were sent written notification of the Project presentation, made to the Ala Moana/Kakaako Neighborhood Board No. 11 (Board) on September 24, 2019, is included in Appendix II. The Board did not take a position on the Project. Minutes for that Board meeting are included in Appendix II. 4. BACKGROUND 4.1. PROJECT SITE The Project Site is located in the Primary Urban Center (“PUC”) Development Plan Area of Honolulu, at 1659, 1661, 1663, 1665, 1667, 1673, 1677, 1679 and 1681 Kapiolani Boulevard and 1646 Kona Street, Ala Moana, Oahu, Hawaii. It is located in the Ala Moana Area and consists of two parcels (Tax Map Keys (1) 2-3-41: 3 & 4). The Project Site is bounded by Kapiolani Boulevard to the north, the City Council approved (IPD- T Permit) Manaolana Place Development to the east, Kona Street and the Ala Moana Hotel to the south, and the Kapiolani Residence high-rise condominium/commercial development to the west. 4.2. SURROUNDING USES The Project Site is located across Kona Street (“mauka”) from the Ala Moana Hotel, approximately 400 feet from the Convention Center to the east, and approximately 500 feet from the Ala Moana Center to the west. The greater surrounding area includes the Ala Moana Beach and Park, the Central YMCA, the Honolulu Fire Department Station 2, department stores, eating and drinking establishments, hotels and numerous low, mid and high-rise condominiums and office towers. 4.3. HISTORY Historically, the Project Site has been primarily used for commercial retail, office, adult entertainment, and eating and drinking establishments in one-story structures. The entire Project Site is underutilized, given the site’s current zoning and inclusion in the Ala Moana TOD Plan, which encourages greater density and high-rise development in order to create additional ridership for the planned mass transit system. Kapiolani Boulevard, with the BMX-3 Community Business Mixed Use zoning that has been in place for the last 30 years, has a limited number of high-rises between Mahukona Street and Kalakaua Avenue (only 3, the Pan Am Office Building and the Ala Moana Tower Condominium, both 17 stories, and the 45 story Kapiolani Residence, affordable housing development). There is also the planned Mandarin Hotel and Residential Development located at the corner of Kapiolani Boulevard and Atkinson Drive. The remainder of this area is primarily low-rise commercial developments that have been aging, and in some cases, deteriorating with limited redevelopment. 4
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5. EXISTING CONDITION The existing development on the two parcels includes low-rise structures with retail, eating and drinking establishments, adult entertainment, and other commercial spaces. Parcel 003, on the eastern side of the project area, is currently occupied by Seoul Garden Yakiniku (restaurant), Club Femme Nu (exotic lounge), and a surrounding parking lot. Parcel 004, on the western side of the project area, is currently occupied by Jazz Minds Honolulu (café), Sushi Akasaka Restaurant, Island Secrets shop, Red Café, an exotic club, and a surrounding parking lot. 6. PROPOSED DEVELOPMENT The Project is planned as a mixed-used development that will transform the Project Site from dated low-rise structures to a modern higher value high-rise. The Project is expected to spur further development along Kapiolani Boulevard, the area’s primary commercial corridor, which has been slow in moving to its potential as a mixed-use community under the BMX-3 Community Business Mixed Use zoning that has been in place for the last 30 years. Although more recently with the new Kapiolani Residence and the proposed Mandarin Hotel and Residential Development, redevelopment has finally begun. The Project will involve the demolition of the existing low-rise structures on the property and the development of a new high-rise mixed use development comprised of a 529-unit condo-hotel, a 315-unit hotel, 84-unit affordable residential apartment rental, commercial uses, parking and ancillary support uses for the hotel, residential and commercial uses in a 400-foot tower and podium. The Project will have an 8-story podium with a ground floor topped with a 35-story tower up to a 400-foot level with additional mechanical rooms and elevator overrun at a maximum of 18 feet above that. The tower will be oriented at a slight angle in the mauka-makai direction. As identified in the TOD Draft Final Plan, Figure 1-8: Hard/Soft Analysis, the Project Site is considered as a Possible Redevelopment Site with Low Value/High Redevelopment Potential. These are currently under-developed parcels along Kapiolani Boulevard. Figure 1-9: Redevelopment Opportunities of the TOD Draft Final Plan, designates the Project Site as a Moderate Priority site. Due to its proximity to the Convention Center the project site “present another important redevelopment opportunity….Activating this node through redevelopment will capitalize on the presence of the Convention Center and reinforce Kapiolani as a major mixed-use corridor.” Located approximately 0.4 miles to the planned Ala Moana Center Transit Station, less than a block from the Convention Center and a short block away from the Ala Moana Center, the largest mall in 11
the State, the Project will anchor the already diverse and active Ala Moana neighborhood and catalyze further development in the area. Ground Floor The ground floor will include a publicly accessible pedestrian path to connect between Kapiolani Boulevard and Kona Street, along the landscaped east boundary. The porte cochere area will provide valet and drop off and pick up for various modes of transit services and access to the parking garage. The Kapiolani Boulevard frontage will provide space for a mix of commercial and retail services, including but not limited to bars, restaurants, convenience stores, clinics, and cafés. This front entrance will access the Hotel/Residential Lobby, mail room, elevators, restrooms, and staff offices. The ground floor will also include back of house services, including a kitchen, housekeeping, offices, trash, luggage storage, electrical, HECO room, emergency generator, parcel storage, bike storage, and fire booster/pump room. Also on the ground floor will be a Plaza along Kapiolani Boulevard with an opportunity for outdoor dining depending on the commercial tenant mix, and landscaped areas. 2nd through 7th Floors – Parking and Affordable Residential Apartment Rental Units The 2nd through 7th floors will include 84 affordable residential apartment rental units in a liner for the parking garage, facing Kapiolani Boulevard and a 500-stall parking garage. The units will be positioned in a linear fashion along the side of the building facing Kapiolani Boulevard and will conceal the parking garage on those floors from street view. 8th Floor – Parking/Recreation Deck The 8th floor will have a recreation deck with a fitness center, lawn area, and plaza, for the affordable residential apartment rental units. The recreation deck will be linear and positioned above the affordable residential apartment rental units on the side of the building facing Kapiolani Boulevard. 9th Floor – Recreation Deck The 9th floor will have a recreation deck, including a swimming pool, cabanas, open areas, a fitness center, and other amenities. There will also be 19 hotel units (1 suites and 18 studio units) and an electric room and small back of house space. 10th through 20th Floors – Hotel Units The 10th through 20th floors of the tower will contain 296 hotel units (12 suites and 284 studio units). 21st through 43rd Floors – Condo-Hotel Units The 21st through 43rd floors of the tower will contain 529 condo-hotel units (393 1 bedroom with 1 bath, 67 2-bedroom with 1 bath, and 69 2-bedroom with 2 baths). 12
Hours of Operation The hotel and affordable residential apartment rental units will operate 24/7 with staff and security available throughout the day and night. The street fronting retail stores and restaurants are expected to operate between 6:00 am and midnight depending on final uses and their provided services. The service/loading dock will be open and managed from 6:00 am to 6:00 pm, seven days per week. Employees By the time it is operational, the Project is expected to generate about 400 direct full-time equivalent jobs on-site. 7. INFRASTRUCTURE Wilson Okamoto Corporation provided the following information on infrastructure. Their correspondence with certain City agencies and figures is included in Appendix III. The project site consists of two parcels. For discussion purposes, TMK 2-3-041:003 will be referred to as Parcel 1 and TMK 2-3-041:004 as Parcel 2. 7.1. WASTEWATER EXISTING CONDITIONS Two service laterals are currently provided to Parcel 1 and a single lateral to Parcel 2. These laterals connect to a 6” sewer line within the City ROW that runs along the makai side of Kapiolani Boulevard. The 6” sewer line is bookended by sewer manhole (SMH) 382513 to the west and SMH 382571 to the east. The lines converge at SMH 382531 fronting Parcel 1, which is connected by an existing 8” sewer line to the existing 36” main in Kapiolani at SMH 4078102. The main ultimately conveys flows to the Sand Island Wastewater Treatment Plant. GIS maps indicate that the 6” sewer line also serves adjacent TMK 2-3-041:006 to the west and TMK’s 2-3-041:001, 002 to the east. The western parcel recently completed construction of the Kapiolani Residence project and had installed a new lateral connection to the 36” main in Kapiolani to serve the project. It is our understanding that the eastern parcels will be developed by the proposed Mana`olana Place project, which is anticipated to install a new lateral connection to the existing 36” main in Kapiolani to serve the project. See Offsite Utilities Figure in Appendix III. PROJECTED WASTEWATER FLOWS DPP approved a sewer connection application (SCA) on September 24, 2019 for 84 multi-family dwelling units, 480 hotel units with kitchen, 295 hotel rooms, and 9,295sf of commercial space. See Appendix III for approved Sewer Connection Application, dated September 24th, 2019. 13
Condition of SCA approval requests that project flows be evenly split into existing SMH 382513 and SMH 382531. The proposed development will produce a base sanitary flow (BSF) of approximately 171,400 gallons per day (gpd) and a Peak Base Sanitary Flow (PBSF) of 428,500 gpd. The proposed design flow of the KCR Development will be approximately 0.52 MGD. The existing 8” line which connects to the 36” main in Kapiolani can manage the proposed design flow and is anticipated to be reused to serve the project. 7.2. WATER EXISTING CONDITIONS A single 2” lateral and three 3/4” meters serve Parcel 1 and a single 2” lateral and a single 1-1/2” meter serve Parcel 2. These laterals connect to a 12” water main within Kapiolani Blvd, which is a part of the Board of Water Supply’s (BWS) Metropolitan 180 system with a theoretical static pressure of 77psi and a theoretical residual pressure of 63 psi. See Offsite Utilities Figure in Appendix III. PROJECTED WATER DEMAND New water system facilities for potable, irrigation, and fire protection, will be installed to service the new development. Proposed demands are calculated per City & County of Honolulu’s Board of Water Supply (BWS) “Water System Standards” dated 2002. The anticipated potable average daily demand for this development is approximately 275,500 gallons per day (gpd) which includes residential, hotel accommodations, and commercial properties. New potable water laterals and separate compound meters for residential and commercial uses will be provided. The lateral will connect to the existing 12” main along Kapiolani Blvd. Reduced pressure backflow preventer assemblies will be provided prior to connection to any building facilities. Fire protection service will also require its own water connection and meter to the exiting 12” main. A separate detector check meter will be provided for fire protection purposes. Flow requirements for High Rise Apartments is 2,000 gallons per minute (gpm). The BWS was contacted to confirm water adequacy in which a response letter was provided clarifying the existing water system can accommodate the proposed project. See Appendix III for BWS letter response Regarding Availability of Water and Flow and Pressure Data, dated November 12th, 2019. 14
7.3. DRAINAGE EXISTING CONDITIONS Flood Hazard The Federal Emergency Management Agency (FEMA) Flood Insurance Rate Map (FIRM) Community Panel No: 15003C0362G dated January 19, 2011 shows that Parcel 1 and Parcel 2 straddles Zone X and Zone AE (elevation 6). Zone X is designated as an area determined to be outside the 500-year floodplain where there is less than a 0.2% chance of a flood in a year. No base flood elevations or depths are shown in this zone. Zone AE is designated as a special flood hazard area subject to inundation by the 1% annual chance flood where base flood elevations are determined. The flood elevation was determined to be at elevation 6 msl. The Project Site is located within the tsunami evacuation zone as established by the Oahu Civil Defense. Site Grading and Storm Water Runoff The existing site includes low-rise concrete structures and AC paved parking areas with little to no landscaping. This site surface is considered 100% impervious. The runoff generally sheet flows off the site towards Kapiolani Boulevard and Kona Street where they enter the City & County of Honolulu’s drainage system. MODIFICATIONS AFTER DEVELOPMENT Site Grading and Storm Water Runoff As the site has been determined to be within the flood zone, the finished floor elevations of the new building will be set higher than the flood elevation of 6 msl. The proposed KCR Development will be designed to maintain existing storm water flow patterns and will not increase the storm water runoff from existing condition. The improvements will include landscaping/greenspace which should ultimately decrease the storm water runoff produced by this site. The proposed drainage system will consist of downspouts, swales, and drainage inlets to capture and transport the storm water runoff to the existing drainage system on Kapiolani Boulevard and/or Kona Street. Best management Practices and Storm Water Quality In order to comply with the City & County’s “Rules Relating to Water Quality” amended July 14th, 2017, Best Management Practices (BMP’s) during construction and post construction will be utilized. Bio-filtration and other Low Impact Design (LID’s) features shall be implemented where feasible. 15
7.4. OTHER UTILITIES 7.4.1. Electrical Service There is existing HECO infrastructure in Kapiolani Boulevard adjacent to the proposed project. Further coordination with HECO by the Project electrical engineer will be required during the design phase to confirm electrical service connections and the anticipated electrical load requirements by the Project. 7.4.2. Gas Service Hawaii Gas (HG) is the owner and operator of the gas infrastructure in Honolulu. 7.4.3. Telecommunication (Phone/Cable/Internet) Telecommunication infrastructure is available in the project area from various service providers. Further coordination with telecommunication providers will be completed by the Project electrical engineer during the design phase to confirm service capacity and connections. 8. TRAFFIC The “Traffic Impact Report Update” (TIR) prepared by Wilson Okamoto Corporation in October 2019 is summarized in this section and is included in its entirety in Appendix IV. “The project site for the proposed development is located adjacent to Kapiolani Boulevard in Honolulu on the island of Oahu (see Figure 1) and is bounded by Kapiolani Boulevard to the north, Kona Street to the south, the Kapiolani Residence development to the west, and the site to the future Manaolana Plaza development to the east. The project site is further identified as Tax Map Keys (TMKs): 2-3-041: por. 003, and 004. Access to the project site is expected to be provided via driveways off Kapiolani Boulevard and Kona Street. The project site for the proposed 1659 and 1673 Kapiolani development currently houses a variety of commercial and restaurant uses. The proposed project entails the replacement of the existing uses with a new development that is expected to include 84 multi-family residential units, 450 hotel rooms, 480 condo-hotel units, and other ancillary uses. Primary access to the project site is expected to be provided via a new two-way driveway off Kapiolani Boulevard. That driveway is expected to be internally connected to a secondary access provided via a new two-way driveway off Kona Street near the southeast edge of the project site. Another two-way driveway off Kona Street on the southwest edge of the project site is expected to provide access to the building's delivery and service areas. Due to the implementation of contraflow operations along Kapiolani Boulevard and the laneage along that roadway, the primary driveway off Kapiolani Boulevard is expected to be restricted to right-tum in right-tum out traffic movements only. The proposed development is expected to be completed by Year 2023.” 16
8.1. AREA ROADWAY SYSTEM The following is the description of the Area Roadway System, as described in the TIR: “In the vicinity of the project site, Kapiolani Boulevard is a predominantly six- lane, two-way roadway that serves as a major east-west corridor through the downtown Honolulu area. Contraflow operations are implemented along the roadway to provide an additional westbound lane during the morning peak period and an additional eastbound lane during the afternoon peak period. West of the project site, Kapiolani Boulevard intersects Mahukona Street and Kaheka Street. At this signalized intersection, both approaches of Kapiolani Boulevard have a shared left- tum and through lane, one through lane, and a shared through and right-tum lane. During the morning contraflow operations, the eastbound approach of Kapiolani Boulevard has one through lane and a shared through and right-tum lane while the westbound approach has a shared left-tum and through lane, two through lanes, and a shared through and right-tum lane. During the afternoon contraflow operations, the eastbound approach of Kapiolani Boulevard has a shared left-tum and through lane, two through lanes, and a shared through and right-tum lane while the westbound approach has one through lane and a shared through and right-tum lane. Mahukona Street is generally a two-lane, two-way roadway oriented in the north-south direction that has one lane serving all traffic movements at the intersection with Kapiolani Boulevard. It should be noted that during the afternoon peak period, left-tum traffic movements are prohibited from Mahukona Street. The southbound approach of the intersection is comprised of Kaheka Street, a predominately two-lane, two-way roadway also oriented in the north-south direction. At the intersection with Kapiolani Boulevard, the southbound approach of Kaheka Street has a shared left-tum and through lane, one through lane, and an exclusive right-tum lane. East of the intersection with Mahukona Street and Kaheka Street, Kapiolani Boulevard intersects Atkinson Drive. At this signalized T-intersection, the eastbound approach of Kapiolani Boulevard has two through lanes and a shared through and right-tum lane while the westbound approach has a shared left-tum and through lane and two through lanes. During the morning contraflow operations, the eastbound approach of Kapiolani Boulevard has one through lane and a shared through and right-tum lane while the westbound approach has an exclusive left-tum lane, a shared left-tum and through lane, and two through lanes. During the afternoon contraflow operations, the eastbound approach of Kapiolani Boulevard has three through lanes and a shared through and right-tum lane while the westbound approach has two through lanes. Atkinson Drive is generally a five-lane, two-way roadway that serves as a connector roadway between Kapiolani Boulevard and Ala Moana Boulevard. Contraflow operations are implemented during the morning peak period between Kapiolani Boulevard and Kahakai Drive to facilitate the double left-tum traffic movement from Kapiolani Boulevard. At the intersection with Kapiolani Boulevard, the northbound approach of Atkinson drive has four right-tum lanes except during the morning contraflow operations where the northbound approach has three right-tum lanes. 17
South of the intersection with Kapiolani Boulevard, Atkinson Drive intersects Kahakai Drive. At this signalized T-intersection, the northbound approach of Atkinson Drive has two through lanes and a shared through and right-tum lane while the southbound approach has an exclusive left-tum lane and two through lanes. It should be noted that during morning contra-flow operations, the northbound approach of Atkinson Drive is modified to a single through lane and a shared through and right- tum lane. Kahakai Drive is a three-lane, two-way roadway between Atkinson Drive and the Hawaii Convention Center parking garage exit which then transitions to a one-lane, one-way loop through the adjacent neighborhood to the east. At the intersection with Atkinson Drive, the westbound approach of Kahakai Drive has an exclusive left-tum lane and a shared left-tum and right-tum lane. Further south, Atkinson Drive intersects Kona Street. At this unsignalized T- intersection, the northbound approach of Atkinson Drive has an exclusive left-tum lane and three through lanes while the southbound approach has one through lane and a shared through and right-tum lane. In the vicinity of the project, Kona Street is a two-lane, two-way roadway generally oriented in the east-west direction. At the intersection with Atkinson Drive, the eastbound approach of Kona Street has one stop-controlled lane serving right-tum traffic movements.” 8.2. TRAFFIC IMPACTS “The Year 2023 cumulative AM and PM peak hour traffic conditions with the 1659 and 1673 Kapiolani development are summarized in Table 4. The existing and projected Year 2023 (Without Project) operating conditions are provided for comparison purposes. LOS calculations are included in Appendix E. Table 4: Existing and Projected Year 2023 (Without and With Project) LOS Traffic Operating Conditions Intersection Approach/Critical AM PM Movement Exist Year 2023 Exist Year 2023 w/out w/ Proj w/out w/ Proj Proj Proj Kapiolani Blvd/ Eastbound A A A B B B Kaheka St/ Westbound A A A B B B Mahukona St Northbound C D D C C C Southbound C D D C D D Kapiolani Blvd/ Eastbound A A A A B B Atkinson Dr Westbound A A A A A A Northbound C C C C D D Atkinson Dr/ Westbound C C C B B B Kahakai Dr Northbound A A A A A A Southbound A A A A A A 18
Intersection Approach/Critical AM PM Movement Exist Year 2023 Exist Year 2023 w/out w/ Proj w/out w/ Proj Proj Proj Atkinson Dr/ Kona Eastbound B B B B B B St Northbound (LT*) B B B A A A *LT= Left-Tum Under Year 2023 with project conditions, traffic operations in the vicinity are generally expected to remain similar to without project conditions despite the anticipated increases in traffic along the surrounding roadways. The approaches at the study intersections along Kapiolani Boulevard are expected to continue operating at LOS "D" or better during both peak periods. Along Atkinson Drive, traffic operations at the intersection with Kona Street is expected to continue operating at LOS "B" or better during both peak periods while those at Kahakai Drive are expected to continue operating at LOS "C" or better during the AM peak period and LOS "B" or better during the PM peak period.” 8.3. RECOMMENDATIONS “Based on the analysis of the traffic data, the following are the recommendations of this study to be incorporated in the project design. 1. Maintain sufficient sight distance for motorists to safely enter and exit the project driveways. 2. Provide adequate on-site loading and off-loading service areas and prohibit off-site loading operations. 3. Provide adequate tum-around area for service, delivery, and refuse collection vehicles to maneuver on the project site and prohibit vehicle-reversing maneuvers onto Kona Street. 4. Provide sufficient turning radii at all project driveways to avoid or minimize vehicle encroachments to oncoming traffic lanes. 5. Restrict turning movements at the project driveway along Kapiolani Boulevard to right- tum-in and right-tum-out movements. Provide adequate channelization to direct vehicular movements entering and exiting the driveway. The specific configuration should be determined during the design phase. 6. Provide adequate signage along the access through the project site to clarify the traffic flow through the porte-cochere. 7. Provide adequate sight distance at the connection of the parking garage ramp and the access through the project site to minimize conflicts between vehicles accessing the parking garage, the adjacent valet stalls, and the project driveway off Kona Street. 19
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