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<br /> Island Advisors ]nc. 5/11/2006 <br /> <br /> Palamanui Project Rezoning Application <br /> <br /> Draft Agreement re Dept of Education "Fair Share" Condition of LUC D & O. <br /> The attached draft includes a provision that, if for various reasons, the intended 8,000 <br /> square foot building is not provided as requested by DOE, the funds contributed by <br /> Hiluhilu will remain in a DOE trust account designated for the property and reserved for <br /> use in the existing school complex in North Kona. See Paragraph 2c of the attached <br /> draft. <br /> This provision should insure that either the facility or funds will be dedicated to the North <br /> Kona public school system. <br /> 15 ~C7E S <br /> ~w J-Go?--tt'cLC-u-~~G ~l5C~L5s~bo.ro ~,t~/,~~,,p~'t'~ <br /> '~t2't~Cofi~`~'' "Z7 `'tom'' Gtr t-6cc~-~r. c tiv'.~'` ~lL'KT <br /> wG~P rte( _ ) <br /> Caws No. 1. <br /> Ref. Toy h~N <br /> Ref. UMe <br /> <br />