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2003-02-21 TORCHIDLAND
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2003-02-21 TORCHIDLAND
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originally scheduled. Thus, two requests for time extensions were requested and <br />approved by the County of Hawai`i Planning Commission. <br />The last request for a time extension was granted on December 16, 1997. At that time, <br />both the Orchidland Community Association and the Chevron USA supported the <br />project. Chevron USA was to provide Sure Save Supermarkets, Ltd. dba Wiki Wiki Mart <br />funds to complete needed deferred building improvements and assi <br />community road improvements. <br />Unfortunately, due to Sure Save's insurmountable problems, the company filed for <br />Chapter 11 reorganization on June 8, 1999. I was given the dubious responsibility of <br />Chairman of the Board, as requested by the Unsecured Creditors C <br />there is much work ahead, I am pleased that the company, with the help of its creditors, <br />emerged from bankruptcy and case dismissed on December 14, 2002. <br />As part of the community, excuse me, as part of the company's re <br />company sold and leased back the Orchidland Wiki Wiki Mart to Gulsons, LLC. Their <br />prior commitments, the prior commitment by Chevron USA did not c <br />to Sure Save not being able to complete its plans. Therefore, Chevron USA moved its <br />interest to other sites in Puna. <br />We are pleased with Orchidland Gulsons, LLC's progress on the project since its <br />acquisition in 2001, not mentioning those challenges relating to the events of Ð911Ñ <br />shortly after the purchase of this property. Their track record on this property <br />development has been good, and they would like to act in the best interest of both the <br />community and their investors. <br />I have not forgotten my pre-bankruptcy commitment to the Orchidl <br />Association. In October 2002, the company put up for sale its last fee simple property <br />located across the street from Orchidland Wiki Wiki Mart. <br />The business transaction listed with Aina Hawaii Realty, with offices located in Kea`au, <br />is a ÐSale Lease Back With Option To Buy Back.Ñ The sale will be contingent on getting <br />a special use permit for office spaces. Included in this transaction is to allow us to sublet <br />to others or lease for free any part of the property. My intent here is to assist the <br />Orchidland Community Association and another non-profit association. <br />To assist in the overall development of the District of Puna, our company will support <br />efforts to urbanize the area around Orchidland Drive and Kea`au-Phoa Highway. This <br />was the vision that was discussed by former Planning Directors Sidney Fuke, Norman <br />Hayashi, and Virginia Goldstein. <br />For informational purposes, I have consistently opposed commerci <br />highway as our company was told in 1984 to plan for development <br />was good foresight by our past Planning Directors and Planning Commissions. With <br />14 <br /> <br />
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