2007-02-02 TKOOB - Laserfiche WebLink

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RHO: Okay, I got it. So now I’m married and I have two children. I cannot stay there? STRAUSS: You wouldn’t be a qualified investor for purposes of being a, you wouldn’t be a qualified staff member because you would require more than this room for occupancy. RHO: But I could be a staff member? STRAUSS: You could be a staff member. RHO: Right. And I could stay there overnight as long as my wife and children were not accompanying me on to the site and living there basically for five nights out of the week? STRAUSS: As long as you’re functioning as staff. But staff tends to be more longer term kind of relationships with Kalani Honua. Faculty may be a little shorter, as Mr. Yuen says it may be to teach a course. Staff are people that actually are intimately involved with the running of the whole project. RHO: Okay. So somewhere in all these pages, I’m sure that I read that the person or the member could purchased two bedrooms or two, well, in my view I can’t quote you because I don’t know what page I saw it on, but basically as a member paying to purchase I could purchase two rooms. Is that not true? STRAUSS: I have to check with Mr. Koob. KOOB: Yeah, we’re talking about these people supporting the construction of the entire cluster, the entire four cottages, but they only have one room; and it’s clarified in there in which to actually live as a qualifying staff or faculty person. In other words, a person may pay for the construction of two units which helps the nonprofit achieve the construction of these units, but the management of that second one and the management of the one that they’re not in when they’re functioning as staff or faculty is done by the nonprofit for its retreat purposes, for its educational purposes. RHO: Well, I just want to toss this out to you that I didn’t get that impression when I read this thing. And I, you know, I read it pretty much thoroughly, but I didn’t get that impression. I got the impression that I would have control over, except when I wasn’t there, I would have control over two of the rooms. Okay, so moving on down that stretch though, if you look at the second paragraph under No. 29, it says “If a maximum [20 total retreat homes plus farm dwellings] are sold,” and then it talks about how much it would bring in. So I don’t understand 20 retreat homes plus farm dwellings. Can you explain that. STRAUSS: The special permit only provides for 13. There are, as I recall, 2 that are in existence on the other part of the 94 acres, not in existence but permitted. EXHIBIT C 18