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<br /> <br /> <br /> <br /> <br /> <br /> <br /> The Crown Lands of <br /> <br /> <br /> <br /> To: Honorable James Arakaki <br /> BY--- <br /> Chairman <br /> Members of the County Council County CounWl <br /> Hawaii County Council <br /> 25 Aupum Street <br /> Hilo, Hawaii 96720 <br /> From: Kamehameha Investment Corporation,, <br /> l ~ . <br /> Date: April I, 1998 <br /> <br /> Re: Development Agreement for Oceanside 1250-Resolution No. 244-98 <br /> <br /> <br /> On behalf of Kamehameha Investment Corporation ("KIC"), one of the land owners <br /> affected by the Development Agreement provisions relating to the Mamalahoa Bypass Highway, <br /> 'his will register our formal position on the proposed adoption of the above Resolution and <br /> approval of the Development Agreement by the County of Hawaii. <br /> <br /> Certain of the adjoining property owners, including KIC, have been in discussions with <br /> Oceanside 1250 regarding the impact of the Mamalahoa Bypass Highway on their properties. KIC <br /> has entered into preliminary discussions with Oceanside 1250 over the issues specific to its <br /> properties affected in the Keauhou district, and while these discussions have been of a positive <br /> nature, there is no final agreement between the parties. Therefore, KIC is required to preserve its <br /> legal rights regarding the impact of the Development Agreement upon its lands and future <br /> <br /> development plans. <br /> <br /> Due to the short response time given to KIC, and the express desire by Oceanside 1250 <br /> to proceed with the County of Hawaii's final action on this Resolution and Development <br /> Agreement at this time, Kamehareha Investment Corporation hereby formally reserves any and <br /> all of its rights to register objection to any procedural and/or legal issues raised by the above <br /> Resolution and Development Agreement as they may affect KIC. <br /> <br /> Thank you for your consideration of this matter. <br /> <br /> <br /> cc: Oceanside 1250'~o._ <br /> Planning Director, County of Hawaii ptb No.- HC-C-lorry <br /> 1W. T.Presmted coulj~ L_ <br /> <br /> ad. ~R I La <br /> KAMEHAMGIIA ]NVESTMF,NT CORPORATION <br /> A 1mu Nle yen n uN- 567 South King Street. Suun 600 Ilonolulq Huwaii 96813-3076 7c1cphonc 1808) 521 1400 1=ucanulc (M)g) 199- 191 <br /> KONA 011111 78-6740 Makolea Street K9ilua-Kona, liawnu 90740-'42 1r1cphonc (808) 322-00x8 Pa,,widc (N08) ;'2 '07, <br />