2020-02-20 Leeward Exh D (AMEND REZ 2004-024 & AMEND REZ 2004-025)

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coming all the way down showing the actual flow of the floodplain. And as it came down and crossed over Hualalai Road, it came in to two properties that we owned right on the highway, two 14-acre parcels. And basically, we had to come up with a new design to how to get to all the water and get it into the gunite channel, and then as it got to the highway, we had to design a culvert crossing. And when the engineers got all the analysis completed, we had to design a culvert crossing for the highway and multi-plate aluminum culvert that's 20-foot wide, 14.5 feet high and 135 feet long,just to get that flow of water under the highway. If the 100-year storm would happen, they said, they indicated that the water would breach over the highway some 400 feet, and probably wipe out the highway. So we had to design that culvert. We then as the property, or as the floodwaters, enter the Pualani Makai project, we designed a concrete U-shape channel, 40-foot wide, and it would, for every 50 to 70 feet, it would drop about four feet, which build a velocity breaker to slow down the flooding waters. And just above Kuakini Highway where the, we designed a large 2.5-acre retention basin, 25-, 30-foot deep to collect the water and had barriers on the drop, and that is to take the water down, percolate down, so, anyway, we designed that, and that takes a couple years to do. It took us almost three years to 2008 to get things done engineering-wise, and we designed all the roadways, all the utilities, for the whole project as it was shown on the original plan. Those costs we spent over 2.5 million dollars on everything to date since we acquired the property. And, by 2008 when we were ready to move forward, we had all of our designs finished, we had the State Highway to sign the plans to build the culvert across the highway, which we were going to pay for, and then unfortunately, the market just crashed on us in 2008, and so we were unable to go forward, and the only thing we've been able to accomplish since then is just patiently waiting. The Community Development Plan came in, and then it, it was so much different; when we had designed it all that, we had spent all that money and had our thing designed, and now then we would have to change everything, and it just didn't make sense to go forward at that time. And, and then thankfully, we were able to get Spring Capital to show an interest to come in. So, you know, when you are developing land as a developer, it's just like, I mean, about every 20 years I go broke as a developer, because any time you develop something, it, you see the land that can take you five to seven years to get it from what you bought to something for the consumer, and the market can be up or can be down. So it's a high-risk business, and,just like farming is, what do we do, if you do make a profit? We put it into the next project. And that's what we've been doing. And, anyway, you know, we tried to do something, we looked what the needs were in the community. This is right in central West Hawaii. A neighborhood shopping center, you've got Kahakai down below, you've got Pualani Estates up above, we had to build a 60-foot wide spine road to connect the two, and we felt like it's an ideal place for a neighborhood shopping center, affordable rental housing project, charter elementary school, and, you know, we were just trying to do something to help our community. And we can't control all the factors that are involved. When the Community Development Plan came out I signed an agreement with Sidney in 2014 to start working on a zoning exchange—and again, and, basically with the Community Development Plan, it, I don't think there have been many developments since that was adopted in 2008. And so we need housing, we need affordable housing, we need rental housing, we need affordable homes, and where better but in central West Hawaii. It would help mitigate not just the drainage problem but the traffic problem, too,because all those people living there, you've 19 EXHIBIT D