2021-12-16 Leeward Exh D (Items 1 thru 6)

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FUKE: On the entire area- - -no timetable - - - VITOUSEK: - -VITOUSEK: Okay, and is there a timetable under the existing permitting that allows for those that's being shifted? FUKE: No, there is no timetable. So basically, what Waikoloa had to do was obligate themselves, obligate themselves to honoring the existing entitlement, to which HGV, Hilton Grand Vacation, was entitled right now, which is their own timetable, so they are just kind of building according to their needs, their demands. VITOUSEK: And for the 900, 900-unit, Area B,we are saying that they don't intend to start within 10 years? FUKE: They intend to VITOUSEK: - - - FUKE: - -FUKE: Yeah, I'm sorry, I kind of misspoke, they intend to begin within a 10-year window. And part of the reason why, like it takes some time, you know, because there is a lot of—you know, the plans that you have before you are conceptual;they have to kind of be finetuned so to speak, and then you have to go through the permitting, you know, design and permitting process. Just to give you some example in terms of how long a project like this, you know, can actually, you know, take, is that I had asked Keith Kato who is the executive director for the Hawaii Island Development Corporation, and they specialize in doing affordable housing, senior housing, so on and so forth. They do have like a major project in the Hilo area off Mohouli Street; as of today it has over 200 units. But he mentioned to me via email that for the first phase, for the first phase for that project, it took them five years to complete. And this is like with all the assistance that the County and everybody else gave in terms of just trying to see it completed. So, so based upon that, you know, this is like the applicant's understanding that, you know, like 10 years is a relatively reasonable window within which to start construction. VITOUSEK: In that example it took five years to complete; what do you mean by complete? FUKE: When the time to get the funding, get the required permits, and get the first phase of a three-phase project completed and occupied. VITOUSEK: Built? So five years FUKE: Correct. VITOUSEK: to build the first phase, okay. Okay FUKE: Yeah. 8 EXHIBIT D