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CARR SMITH: All right, I'm going to call the meeting back to order. It's 11:12. All right.
<br /> Can the applicant share with us if you've learned anything new about the developer joining us?
<br /> FUKE: Sure. I, we had like a, Ms. Yoshimoto and I, had a conversation with Larry Oleck.
<br /> Larry Oleck is the senior vice president of development, based in Florida, and he was watching,
<br /> you know, like through YouTube the whole operation, and he had to leave because he had an
<br /> 11 o'clock—well, our time 11 o'clock—commitment. But he said that he was agreeable to
<br /> having a specific breakdown in terms of timetable, and he essentially deferred it to us in terms of
<br /> like trying to establish what would be those major benchmarks, you know, essentially wanting
<br /> to, you know, like make sure that the concerns are properly addressed, especially, you know,
<br /> what Commissioner Vitousek mentioned about, you know, the unsightly condition and so on and
<br /> so forth. So long story being short, he asked us and said go ahead and you have my blessing to
<br /> have the specific construction, you know,permitting window, but—he all just kind of deferred to
<br /> us.
<br /> So after we hang up, then we talked about the different scenarios, and based on my experience
<br /> with permits, I would kind of like recommend a condition along these lines then: that a plan
<br /> approval be submitted no later than March 30, 2022, which essentially from this point in time,
<br /> give you like one year and a quarter to a window within which to complete your value
<br /> engineering and do all of your necessary design plan approval normally from the time of
<br /> submittal, you know, takes you like about at maximum maybe 60 days to get approval then, so if
<br /> you assume like March, April, May, you know, to get plan approval, then you get authorization
<br /> to start your, you know, with your building permit plans then; then, so then to say that the
<br /> building permit shall be submitted no later than June 30, 2023; and the starting of construction to
<br /> begin no later than June 30, 2024. So, essentially, you know, if you look at that window, then
<br /> that gives you like a one-year window from the time the building permit is applied for and
<br /> hopefully secured, but I would think that it would be kind of like an earlier period than that, but
<br /> this is kind of like a no-later-than, so it becomes very clear in terms of the enforcement capability
<br /> whether you have or have not submitted. So, you know, given that kind of like construction
<br /> timetable window, Mr. Oleck said just go ahead, and he'll accept a condition along these lines.
<br /> Now, he knows that, obviously, you already have a condition that the project has to be completed
<br /> by, you know, like the approval of this SMA extension, so, which if, the day would be like
<br /> December 18'', or 16'', of 2025; that's the deadline construction window.
<br /> CARR SMITH: Thank you, Sid. Mike, did you want to respond to the adjusted times?
<br /> VITOUSEK: Sure. Just so that I understand it, we are looking at March 2020 being the deadline
<br /> for resubmitting the plan approval?
<br /> FUKE: March 2022.
<br /> VITOUSEK: 2022, sorry, yes, yeah, March 2020 is over and gone. So, March 2022, that seems
<br /> like a long time given that they've already stated that they are going to be going with the similar
<br /> plan approval as what's been presented in 2017.
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<br /> EXHIBIT B
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