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KUKUI DEVELOPMENT, LLC 2549-B Eastbluff Drive,Suite 475 " Newport Beach,CA 92660 949-933-2411 May 8,2015 via Federal Express Priority Overnight #7735-6451-2143 Attn: Mr.Duane Kanuha,Director County of Hawaii Planning Department 101 Pauahi Street, Suite 3 - Hilo,HI 96720 Dear Mr.Kanuha, - Change of Zone Ordinance No. 05-74(REZ 04-000022) `V Applicant: Kukui Development,LLC Project: Hale Nanea Condominiums Request: A-la and V-1.25 to RM 2.5(Time Extension Request for Condition C•--Complete Construction) Subject: Planning Commission Hearing TMK: 7-5-009:067&7-5-009:054 As of August 20, 2013 Kukui Development, LLC, became the new legal owners of TMK: 7-5-009:067 and 7-5-009-054 located on Hualalai Road and Kuakini Highway,Kailua-Kona,HI a tentatively approved residential condominium subdivision. Per your prior directions we met with Mr.Terry Dunlap regarding the Kona CDP Design Center review on this matter and are hereby submitting the attached package for a Planning Commission hearing requesting approval of an additional time extension to comply with Condition C(complete construction)of Change of Zone Ordinance No. 05-74(copy attached). Since August 2013 we have been diligently completing the processing for the build-out of this 92 unit residential condominium subdivision, more commonly known as Hale Nanea Condominiums (site plan attached). As a result of the damage done to the housing industry by the financial market collapse of recent years, our efforts have been met with unforeseen head winds and challenging hurdles which have led to unprecedented delays. Along with our NPDES Permit and Grading Permit, on November 24,2014 we received the final approvals to pull building permits on the first forty-four (44) condominiums (see copies attached). Securing a bank and/or construction lender to start the project has proven to be the most challenging with what is left of the financial•lending marketplace. With the project now permit ready which was a lender commitment condition, our construction lender is requesting and mandating us to receive the Condition C five (5) year time extension from the County of Hawaii Planning Commission before they will fund the construction loan. We are hereby requesting an additional 5 year time extension for the performance of the conditions of Ordinance No. 05-74 since the non-performance is the result of conditions that could not have been foreseen and were beyond our control and are not the result of any fault or negligence by us. Granting of an additional extension of time is not contrary to the General Plan or Zoning Code and is not contrary to Planning Dept, Exhibit _�_