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SidneyFuke, Planning Consultant <br /> 100 Pauahi Street, Suite 212 • Hilo, Hawaii 96720 • Planning • Variance • Zoning <br /> Telephone: (808) 969-1522 • Fax: (808) 969-7996 • Subdivision • Land Use Permits <br /> E-mail: sidfuke@verizon.net • Environmental Reports <br /> May 17, 2006 <br /> Honorable Stacy Higa, Chairman <br /> and members of the Council <br /> HAWAII COUNTY COUNCIL <br /> 25 Aupuni Street <br /> Hilo, HI 96720 <br /> Dear Honorable Stacy Higa and members of the Council: <br /> Subject: Puaa Development, LLC and Suffolk Investment, LLC <br /> Draft School Agreement -Ord. Nos. 05-113 and OS-115 <br /> TMK: 7-5-17: 1 & 19 <br /> Pursuant to the referenced ordinance and the action of your Planning Committee <br /> <br /> at its meeting of March 21, please find enclosed a draft of a conveyance agreement for <br /> <br /> your review and approval. <br /> As you review this agreement, please note that the drag suggests that the land be <br /> <br /> conveyed in fee rather than leased to the Innovations Public Charter School Foundation. <br /> In the event the school use is terminated you will note that there is a reversion or <br /> <br /> divestment clause that mandates the transfer of the land and improvements thereon, free <br /> <br /> of any encumbrances or debts, within 30 days of such termination to the County of <br /> Hawaii. The County would then be in a position to utilize the site for whatever purposes <br /> it deems appropriate. <br /> I am also enclosing a copy of the Innovations Public Charter School Foundation's <br /> mission statement. This should give you some idea of its financial goals in making the <br /> school a successful one. <br /> Please feel free to contact me when this matter comes up for review. We will <br /> again have representative(s) of Puaa Development, LLC and Suffolk Investment, LLC <br /> and the Innovations Public Charter School present to answer any questions. Thank you <br /> very much. <br /> 'ncerely, <br /> `//~~~~1t VV ~ <br /> SI N Y M. FUKE <br /> Planning Consultant <br /> Enclosures <br /> Copy - Mr. Brian Cook w/o enclosures <br /> Ms. Kate Jacobson, Innovations Public Charter School w/o enclosures 1 <br /> Comm. No. / 0 3 <br /> Ref. To: <br /> Ref. L`a7e <br /> <br />