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<br /> Mav-19-05 14:06 Fram-GODDSILL ANDERSON +B 065476880 T-804 P.I4/6t :-005 <br /> Ms. Virginia Goldstein <br /> IJQVembar 19, 1993 <br /> Page Two <br /> The night restriction aagaments will be included in the deeds of <br /> the eleven lots affected, be~.ng lots 3, 24, k3, 44, 80, 159, 173, <br /> 174, 178, 184 and 185- <br /> The private roads, ohana prohibition and Exhibit A reservation- <br /> will be inserted in the deeds of all lots. The private roads enc. <br /> ohana prohibition are requirements of the PUn permit iNo. 91-3; <br /> approves for the project. <br /> The subdivision improvement agreement for the Increment 1 improve- <br /> msnt+~ is prepared gor completion of the Smprovcments within two <br /> years, or by the end of 1995. Given the scope of the improvements, <br /> this time frame is needed to complete the bidding, award and tor,- <br /> sLruction processes. This was acceptable to Mr. Giannini at Cor° <br /> paration counsel. <br /> The subdivision improvement agreement for the raignallzation is for <br /> completion Of improvements by December 31, 1989, as specified in <br /> Department of Public works letter dated March Zz, 1993. eincN tt;E: <br /> pTaliyation expires by the end aF 19a8, a Heed covenant which runs <br /> with the land in perpetuity vas deameH inappropriate. The proposaa <br /> solution is a standard subdivision improvement agreement which wi].7 <br /> be bonded separaLaly Srom Increment 1 subdiVlaion improvements. <br /> Our engineers are Xznalizing the cost estimatsg for the various <br /> improvemente• we will be submitting them in the near future fc: <br /> approval by the Department o€ pubic works and Department of watts <br /> &upply. Once approved, these estimates will serve as the basis for <br /> the surety amounts to be supplied in conjunction with each of the <br /> subdivision agreements. <br /> Your timely attention to the review and approval as tc forn and <br /> content of these su bmittala is appreciateC. We are working t{^War9 <br /> final subdivision approval prior to the 7anuary z9, 1994, de.;d~inc. <br /> Sint®rely, <br /> -,.,__r_ <br /> Ken Melrose <br /> Vice Pxeaident, <br /> Development s Planning <br /> ae <br /> Encl. <br /> o: Mr. Thos Rohr, Presid®nt, Waikoloa Land Company <br /> Leighton J. H. 3- Yuen, Esq., <br /> Goodsill Anderson Quinn & 9tifel (w/encl.) <br /> <br />