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$5,000,000, the Applicant shall be responsible for the first $5.000,000 and the <br /> University shall be responsible for the balance. [ <br /> > The <br /> building shall be constructed on the State land designated for University use. [in <br /> close proximity to the Applicant's proposed University Village.] If the necessary <br /> consents and approvals cannot be obtained ~ [frarn] the State, the [Apgliea~t <br /> ?l.° 1...:1.7:.,.... :a.... °..k. .:al.:... ..1,...° •l.° <br /> r <br /> °°°a 7T«~°°-°~*° ] University shall have the right to lease from <br /> Applicant annrooriate space to house University of Hawaii at West Hawaii until <br /> the necessary consents and approvals are obtained at comnazable lease rates now <br /> beine paid by the University of Hawaii until the 20,000 squaze foot building can <br /> be constructed on the State land at Applicant's expense. The Applicant shall <br /> commence construction of the building, or assure its construction by a bond or <br /> other security accepted by the Planning Director and the Chancellor of HAW.CC, <br /> before the issuance of a certificate of occupancy for any building, other than the <br /> DOE building, or final subdivision approval for any subdivision creating single- <br /> family residential lots. Applicant shall complete construction of the University <br /> building no later than two years after the issuance of a certificate of occupancy for <br /> any building, other than the DOE building, or final subdivision approval for any <br /> subdivision creating single-family residential lots. The location and design of the <br /> <br /> building (interior and exterior) and related improvements will be on terms <br /> [may] acceptable to [Appksaat-end] the University of Hawaii. The <br /> <br /> University of Hawaii shall consult on design of said building_with Applicant. <br /> 4) Deletes the okiF?a in the word "Ka`u" throughout the bilk. <br /> <br />