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From: Carl H Okuyama To: Mr. Christopher Yuen Date: 7/19/02 Time: 4:20:50 PM Page 2 of 3 <br />*SURE SAVE <br />5� lw MA <br />Sure Save Super Market, Ltd. <br />16-586 Old Volcano Road, Keaau, Hawaii 96749 <br />carlokuyama@suresave.com www.suresave.com <br />July 19, 2002 <br />Sent Via: Facsimile Original Mail <br />Christopher J. Yuen, Director <br />Planning Department <br />County of Hawaii <br />Hilo, Hawaii 96720 <br />Subject: STATUS REPORT & REQUEST FOR TIME EXTENSION <br />OWNER: SURE SAVE SUPERKET MARKET, LTD. <br />Ponahawai, South Hilo, Island of Hawaii, Hawaii <br />TMK: 2-3-037: 001 <br />REZ 462 (Ord. 84 11); PLA 2116 (2-3 -037:01) <br />Dear Mr. Yuen: <br />Thank you for your letter dated April 10, 2002. <br />The following is an updated status report on the above-mentioned property. We <br />apologized for the delay in filing of timely status reports to the Planning Department. <br />1. Sure Save Super Markets, Ltd. (Sure Save) purchased the subject property from Food <br />Fair Super Markets (Food Fair) in 1995. Food Fair had purchased/exchanged the <br />property from the previous owner, Chiaki Matsuo, a local developer. <br />2. In 1997 and 19989 Sure Save was in litigation with the estate of Chiaki Matsuo to <br />seek performance on certain conditions that were part of the sale to Food Fair. The <br />case was finally settled in late 1998. <br />3. In 1998 also, Sure Save began negotiations with an investor to develop the property <br />Into a shopping area with Sure Save anchoring the center. <br />4. In June of 1999, Sure Save filed for Chapter 11 under the bankruptcy law to protect <br />them from actual closing all of their operations. This action was essential for the <br />survival of Sure Save whom due to a downturn and changes in the economy had <br />suffered a drastic drop in sales. <br />2 <br />