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In furtherance thereof,PETITIONER submits and requests that the proposed <br /> Improvement District be formed in accordance with and subject to the following. <br /> I. <br /> OWNERSHIP <br /> PETITIONER is the owner in fee simple of one hundred percent(100%)of the entire <br /> assessable area within the proposed Improvement District located at Kaloko and Kohanaiki, <br /> North Kona,Hawaii,identified as TWM(3)7-3-009:019,057(portion),058(portion),059,060, <br /> 061 and 062,and more particularly described in the description attached hereto as Exhibit <br /> VALUE OF ASSESSMENT UNITS/PUBLIC INTEREST <br /> PETITIONER submits that the appraised value of the assessable area in the proposed <br /> Improvement District is more than twice the estimated cost of the proposed special <br /> improvements as will be shown by the appraisal being prepared by Integra Realty Resources, <br /> under the supervision of the County of Hawaii Department of Finance,which appraisal will <br /> meet the prevailing standards of appraisal used by banks for loans. PETITIONER fin Cher <br /> submits that the special improvements are in the public interest,all within the meaning of <br /> Section 12-16(b),Hawaii County Code. <br /> BOUNDARIES OF THE RVIPROVEMENT DISTRICT <br /> The boundaries of the proposed Improvement District,located at Kaloko and <br /> Kohanaiki,North Kona,Hawaii,are shown on the map entitled"Proposed Kaloko Heights <br /> Sewer Improvement District Boundaries",attached hereto as Exhibit"C". The attached map <br /> 3 <br />