RES 120 Draft 01 2024-2026 - Laserfiche WebLink

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The approximately 21.49 acre -property itself has fallen under several different owners over the years and current ownership resides with RCS Kapalaoa LLC. Lineal descendants with deeper understanding and knowledge of this property's natural and cultural resource value have strongly opposed its development, but previous landowners were able to change a section of the property, TMK (3) 7-1-003:011 from conservation to homeowner classification. The current sellers are actively listing the property for $19.5 million proposing "unparalleled seclusion and tranquility," and a "private white sand beach," to interested buyers. The formermost landowner purchased the property by means of a loan and then later defaulted to the lender or financial institution. Since the landowner is an institution and not an individual, the landowner's sole objective is to "dispose of the asset" and sell to the first interested buyer that comes along. There is no appeal to this Institution to be patient on the purchase due to this need to dispose of the Abundant In marine resources Kapalaoa represents a storied multi -generational landscape and thriving coastal fishing village. A small coastal fishing village known for fishing and salt making, Kapalaoa is a thriving coastline home to a variety of aquatic species within a larger coastal area known for its abundant marine resources. Within the property is a system of anchialine pools with 'Opae'ula (Halocaridina rubra), once used for palu (bait balls) for fishing. The historic village of Kapalaoa is rich in ancient and historic trails, house sites, ceremonial