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GIFFIN: Before we go any further, it was brought to my attention that nobody has actually given <br />their resident address, so we need to do that for the record, please. <br />LIM: Okay, I’m sorry. I’m Steve Lim, and my business address is 121 <br />Hawai‘i. <br />GIFFIN: Thank you. Mr. Chock? <br />CHOCK: Good morning. Kyle Chock, Kamehameha Investment Corporation, 78- <br />Street. <br />GIFFIN: Thank you. <br />SPENCER: Joe Spencer. My address is Royal Poinciana Drive, Kailua-Kona. <br />GIFFIN: Thank you very much. It might be a good idea just to review for all of us the reason for <br />your request. <br />LIM: Thank you very much. As you know, Ms. Chair, you were here back in 2000 when you first <br />approved this Use Permit for the golf course and SMA Use Permit No. 413. We are here today <br />some years later because of the ongoing planning efforts by Kamehameha Investment Corporation. <br />Some of you may know, in the mid-2000 or so Kamehameha Investment Corporation engaged in a <br />search for a master developer for the Keauhou Resort. As indicated in our application that anentity <br />was formed, called Keauhou Resort Development Venture LLC, which was a Kamehameha <br />Investment and Brookfield Homes Hawai‘i entity. That venture didn’t work out, and as of 2009 the <br />Keauhou Resort Development Venture LLC entity was dissolved and Kamehameha Investment <br />took back the land and the assets that were contributed as part of the venture. Currently, the <br />Kamehameha Investment and Kamehameha Schools are in a master planning effort to focus on the <br />educational and cultural and the commercial type of activities that are going to be planned for the <br />entire Keauhou Resort. And this golf course Use Permit and the SMA Permit is part of that; it plays <br />into things like the public access trail that Commissioner Housel was asking about, and also the <br />development of infrastructure and amenities for the resort. We are in the, like I said, we are in the <br />process of finalizing that with consultants, and hope to within the next 18 to 24 months come out <br />and start to engage with the public and the County with respect to our plans. As you know, the <br />Kona Community Development Plan was adopted in the interim, so we are going to be matching up <br />our proposed development with that also. There are some challenges because of the nature of the <br />project is that we have developed areas already; so matching up the exact perimeters ofthe Kona <br />CDP with what’s already there is a little bit of a challenge, but we have our planners and engineers <br />working on that at this time. <br />GIFFIN: Good, good. Mr. Chock, did you want to add anything? <br />CHOCK: No, Madam Chair, thank you. <br />GIFFIN: Okay. How about you, Mr. Spencer? <br />SPENCER: No, ma’am. Thank you. <br />4 <br />EXHIBIT A <br /> <br />