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Special Opportunity for Acquisition • The four owners are all willing sellers but agree that if PONC does not purchase the land. they intend to sell it on the open market. • The owners have not sought any other funding partners. • There are no easement issues. • The owners request a fee simple purchase. Strengths and Weaknesses Strengths Weaknesses Rare and Valuable Property: This is the A Management Plan for the property is still last undeveloped property for sale on being developed by the volunteer group Keauhou Bay. (Keauhou Bay Kuleana). Historical/Cultural Ties: King While the land is beautiful, Kamehameha I awarded this land to Chief historically/culturally important, and easily Kanehoa's parents, Kalanianoano accessible, the parcel is small at 26,390 Kaleinoanoa and his wife, Kamehaiku. square feet. The land remained in pristine condition for over two hundred years and was sold to a hui of the four current owners. Historical/Cultural Ties: Crypt of Chief The ramp and seawall have been inspected Kanehoa is located within a few feet of the and found to be foundationally secure. This is property. The property is a very short a weakness because it makes the property walking distance to the historic rock (now more attractive to potential buyers should a monument) where Kapihe prayed over PONC forego the purchase. and revived the stillborn Kauikeaouli (King Kamehameha III). Excellent Recreational Activities: The During testimony on July 12, 2021, PONC ramp and seawall provide access to Commissioner Deborah Chang stated that swimming, fishing, kayaking, boogie both Kamehameha Schools and Hawai'i boarding, and a host of other water County claim ownership of the access road recreational activities. that leads to the property. Access Road to the Property: There is a nearby parking area and an access road to the property. 1.33