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CASE #37544, #37538 & #37537 – KOHANAIKI SHORES LLC <br />TMK 7-3-063-005-0000, 7-3-067-003-0000 & 7-3-067-004-0000 <br /> <br />Present were Derrick Fukumoto, Vice President of Finance for Kohanaiki Shores LLC, and their <br />representative Francis Ouye. Appraiser Matthew Radmilovic presented for the County. <br /> <br />Property located in the Kohanaiki Resort. <br /> <br />Appeals all on land values. <br /> <br />Appellant’s representatives presented their case. County presented their case and recommended the <br />following: Case No. 37544 to reduce the land value to $4,500,000; Case No. 37538 to reduce the <br />land value to $4,340,000; and Case no. 37537 to reduce the land value to $3,265,400. A call for <br />questions was made. <br /> <br />Mr. Takai moved to reduce the land value to $4,500,000 for Case No. 37544. Seconded by Mrs. <br />Ford. A call for discussion was made. Motion passed by a vote of 4:0. <br /> <br />Mr. Takai moved to accept the County’s recommendation to reduce the value to $4,340,000 for <br />Case No. 37538. Seconded by Mr. Hughes. A call for discussion was made. Motion passed <br />by a vote of 4:0. <br /> <br />Mr. Takai moved to accept the County’s recommendation to reduce the value to $3,265,400 for <br />Case No. 37537. Seconded by Mrs. Ford. A call for discussion was made. Motion passed by <br />a vote of 4:0. <br /> <br />CASE #37541 – KOHANAIKI SHORES LLC <br />TMK 7-3-066-004-0000 <br /> <br />Present were Derrick Fukumoto, Vice President of Finance for Kohanaiki Shores LLC, and their <br />representative Francis Ouye. <br /> <br />County presented to the Board an executed settlement agreement with the appellant with a land <br />value of $4,542,200 and land classification at Pitt 2. A call for questions was made. <br /> <br />Mr. Takai moved to accept the settlement with the land value at $4,542,200 and Pitt 2 <br />classification. Seconded by Mrs. Ford. A call for discussion was made. Motion passed by a <br />vote of 4:0. <br /> <br />CASE #37540 & 37539 – KOHANAIKI SHORES LLC <br />TMK 7-3-067-001-0000 & 7-3-067-002-0000 <br /> <br />Present were Derrick Fukumoto, Vice President of Finance for Kohanaiki Shores LLC, and their <br />representative Francis Ouye. Appraiser Matthew Radmilovic presented for the County. <br /> <br />Property located in Kohanaiki Resort. <br /> <br />Appeals on land values. <br /> <br /> 5 <br /> <br />