COM 0650.000 2010-2012 - Laserfiche WebLink

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/h Barite of Hawaii March 14,2012 Honorable Mayor William P. Kenoi COUNTY OF HAWAII 25 Aupuni Street Hilo, HI 96720 Re: Offer Letter—Bank of Hawaii Property located at 54-3888 Akoni Pule Highway, Kapaau, Kohala, Hawaii Dear Mayor Kenoi: Bank of Hawaii ("Bank") proposes to donate the above-referenced property owned by the Bank and currently occupied by the Bank's Kohala Branch,to the County of Hawaii for use by the Office of Aging and Parks and Recreation for community based programs of these departments. The property,currently known as the Bank of Hawaii Kohala Branch, is located at 54-3888 Akoni Pule Highway, Kapaau,in the District of North Kohala,County and State of Hawaii. The property is more specifically identified as Tax Map Keys:(3)5-4-005-002 being approximately 5,851 square feet and (3)5-4-005-003, being approximately 14,125 square feet,and more particularly described on the attached Exhibit"A"(the"Property"). The Bank proposes to convey the Property to the County of Hawai'i in fee simple, as-is and where is, without warranty or representation. In exchange for the donation of the Property, the Bank will have a right of entry to maintain and operate the existing automated teller machine("ATM") and night depository("Night Depository") located on the Property for use by its customers,servicing vendor and employees. Further, it is agreed that Bank of Hawaii will have the exclusive right to provide ATM and Night Depository services at this location. It is necessary for the County of Hawaii to accept the donation by April 15 so that both the Bank and the County will be able to proceed in documenting the terms of the conveyance and other requisite details in a timely manner. Pr}Box 2900•Honoiutu.H$96846-6000•T i 1-:388-643-,.3888•hoh.carn