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GRANT OF PEDESTRIAN PUBLIC ACCESS EASEMENTS <br /> THIS INDENTURE is made this c day of 'Tub , 20 tO, by <br /> and between SUNSTONE REALTY PARTNERS V, LLC, a Hawaii limited liability <br /> company, whose mailing address is Pauahi Tower, 1001 Bishop Street, Suite 1240, Honolulu, <br /> Hawaii 96813, hereinafter called "Grantor ", and the COUNTY OF HAWAII, a political <br /> subdivision of the State of Hawaii, whose principal place of business and post office address <br /> is 25 Aupuni Street, Hilo, Hawaii 96720, hereinafter called "Grantee ". <br /> WITNESSETH: <br /> WHEREAS, Grantor is the developer of that certain real property being the <br /> subdivision of Lot 9 of the Kona Sea Ranch Subdivision, Increments I and II, being a portion <br /> of Grant 1725, into Lots 1 to 18, inclusive, and Lot R -1 roadway, situate at Kukuiopae 2 " <br /> District of South Kona, County and Island of Hawaii, and State of Hawaii, as created under <br /> Subdivision Nos. SPH -05- 000006 (Increment I) and SPH -05- 000007 (Increment II) approved <br /> by the County of Hawaii Planning Department on July 7, 2006 (collectively the "Project "), <br /> subject to the provisions of the October 27, 2005 Planning Department letter which provided <br /> that a formal grant of easement document in favor of the County of Hawaii for these public <br /> access easements; <br /> WHEREAS, pursuant to the provisions of Hawaii Revised Statutes ( "HRS "), Section <br /> 46 -6.5 relating to Public Access, the County of Hawaii has adopted Hawaii County Code, <br /> Chapter 34 (Public Access), which provides for implementation of public access over private <br /> property in appropriate locations to the ocean, shorelines and mountain areas by requiring <br /> dedication of land for such public rights -of -way by fee or easement as a condition precedent <br /> to final subdivision approval or the issuance of a building permit for a multiple - family <br /> development where adequate public access is not already provided, including provisions <br /> requiring the County of Hawaii to be responsible for all improvement costs, liability and <br /> maintenance issues; <br /> WHEREAS, in order to assure that public access is provided within the Project to and <br /> along designated shoreline access areas, the Grantor and the Grantee hereby agree to be bound <br /> by, and to encumber the real properties being TMKs: (3) 8 -7- 011:001, 025, 026 and Roadway <br />