COM 0106.083 2004-2006 - Laserfiche WebLink

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AGREEMENT THIS AGREEMENT, made, executed, and delivered this day of May 2006, by and between INNOVATIONS PUBLIC CHARTER SCHOOL FOUNDATION, a Hawaii non-profit corporation organized and established pursuant to the provisions of the Hawaii Revised Statutes and sect. 501(c)(3) of the Internal Revenue Code, hereinafter called the "Buyer", whose address is 76-147A Royal Poinciana Drive, Kailua-Kona, Hawaii 96740 and Puaa Development, LLC and Suffolk Investment, LLC, both Hawaii limited liability companies, hereinafter collectively called the "Seller", whose address is c/o 78-7021 Kewalo Street, Kailua-Kona, Hawaii 96740: WITNESSETH: WHEREAS, County of Hawaii Ordinance Number OS 113 and Ordinance Number OS 115, attached hereto as EXHIBITS "A" and "B" and hereinafter referred to as "ordinances", rezoned two contiguous parcels of land identified by TMK: (3) 7-5-17: 1 and 19, Puapua'anui 15`, North Kona, Island of Hawaii, State of Hawaii for the purpose ofdeveloping amultiple-family residential and neighborhood commercial complex; WHEREAS, Condition U of Ordinance Number OS 113 and Condition V of Ordinance Number OS 115, which aze identical, outlined a process for the development and use of 5 acres of land within TMK: 7-5-17: 19 and/or TMK: 7-5-17: 23 for a school; WHEREAS, as part of this process, the applicant was required to solicit the input of the community and the Hawai i County Council to determine which government agency or entity would be the recipient and operator of this school site;