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<br /> - ,aloha Promotions FRX hl~. 808 885 6987 May. 04 2000 11:23RM P2 <br /> P O Box 6581 <br /> Katmrela, Hawan %743 <br /> Phone (808) 885-6787 Fax (808) 885-6987 <br /> r <br /> L <br /> May 04, 2000 t. <br /> v <br /> Q ~ <br /> Wayne Carvalho r = ; 3 ~J <br /> Police chief ~ <br /> 1Capiolani 5ttnet <br /> Hilo, Hawaii 96720 <br /> Aloha Ivlr. Carvalho, <br /> I am writing you on behalf of my Father Robert wrtthans, who owns the property ittunediately <br /> adjacent to the police ration an 1Zapiolam St The recent foreclosure pnooeedmga wero halted <br /> when trry Father filed a chapter 11 bankruptcy (All creditors get paid via a court approved plan ) <br /> It is possible to include the sale of the I{apiolatd Street property to the Police T)ept. or County as <br /> part of a court approved pLta <br /> I befieve you will fend the foitcrwing offer fair and one which would gain approval from the courts <br /> Sale includes parcel # 116 is 12,277 SF. and patoel # 117 which is 13,133 SF. My Father is <br /> willing to offer both pazcds at tbeir crrrrart Tax Aseesaed value. This is thousands less than he <br /> paid, and I am sure I can get hitn tq include thz consolidation survey with tentative approval from <br /> the platnung dept which eiimioatea the setbacJcs between the two Properties. The Current Tax , <br /> Assessed value is near S1001C each 'T'otal aprox 5200K. T believe thin cost is far lass per square <br /> foot, than the County paid for similar property purchased from the Owner of the adjacerrt corner <br /> lot <br /> If this offer rs of imerest to you; I would appreciate a reply letter stating your interest. You do <br /> not have to make any sort of commitment , It should simply state that you would be i>zterested in <br /> purchasing the property (T'MIC # 3-2-4-25-0441$ 046) at the tax assessed value It wr71 take <br /> several months for rn5' Fathers Attorney to complete s plan for the courts approval Outing that <br /> time the terms and conditions (as well as the closing date) of the sale can easily be worked out <br /> between you and tlu Attorney Chapter 1 ] provides for repayment within a 3 year period, so <br /> payment is far more flpnble than in a foreclosuro sale. <br /> Thank you far your time and patience in dealing with this matter I feel this sale can be <br /> benefieial to both the Police Dept as well as my Father. 1Cour reply is greatly apptec~eted. <br /> Mahalo & Aloha,-r-' r <br /> Thomas ~Yrtthans~ 1 dlv~ ~ <br /> ib$~ <br /> <br />