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<br /> and in 1995, obtained final subdivision approval. Nansay Hawaii transferred title to the land in <br /> 1999 to KW Kau, LLC. <br /> Hiluhilu Development purchased the land from KW Kau, LLC in 1999 and proceeded to <br /> obtain re-approval of subdivision construction plans designed by Nansay Hawaii. Following that <br /> approval, Hiluhilu Development built the subdivision improvements required as conditions of the <br /> subdivision. Hiluhilu Development then proceeded to sell the lots in Makalei Estates. The <br /> 725.2 acre parcel which is the subject of the pending Petition for reclassification before the Land <br /> Use Commission is the remnant parcel of the subdivision. <br /> On December 23, 2003, Hiluhilu Development, LLC filed a Petition with the State Land <br /> Use Commission to reclassify Palamanui from the State Land Use Conservation and Agricultural <br /> Districts to the Urban District. Hearings on that Petition are being conducted. If the State Land <br /> Use Commission approves the Petition, Hiluhilu Development, LLC plans to apply for rezoning <br /> and subdivision with the County of Hawaii agencies. <br /> II <br /> • Background of Proposed Development. Hiluhilu Development, LLC proposes to <br /> develop Palamanui as a mixed use development involving a mix of 845 residential units, a 18 <br /> hole golf course, a 120 unit hotel, and retail and other commercial spaces in the University <br /> Village, some of which will be built for and leased to the University of Hawaii. The project will also ~ <br /> include an active use park, passive parks, a trail system connecting trail segments, various <br /> preservation areas for archaeological sites, trail fragments, biologically significant caves, <br /> individual specimens of endangered trees, and a 65+ acre lowland dry forest reserve. <br /> Exhibit A is a conceptual Master Plan for Palamanui on which the various preservation <br /> sites, including archaeological sites, biologically significant caves, trail segments and the lowland <br /> dry forest preserve have been shown. <br /> Governmental Land Use Permits and Approvals for Palamanui. This section includes a <br /> description of the required approvals and permits to implement the Hiluhilu Development. The <br /> necessary entitlements include approvals from several State and county agencies and entities. <br /> All necessary ministerial permits such as grading and building will be obtained prior to <br /> construction. <br /> hiluhilu4edassW]CRMPEx42 rev051905fmal g <br /> <br />