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address is 3764 Old Pali Road, Honolulu, 96817. To my left is Larry Smith who is also a <br />member of the Royal Alii LLC. Larry will state his address for you. <br />SMITH:77-6393 Alii Drive, Kailua-Kona. <br />GRAHAM:Thank you. Go ahead. If you€d like to make some presentation to the <br />Commission about your project. <br />LAU:Thank you Mr. Chairman. Really after listening to Mr. Hayashi€s <br />presentation we concur with all of the items that he has presented to the Commission. I would <br />like to add that Mr. Smith is the owner of 2 of the adjacent properties. On the south side Mr. <br />Smith has his primary residence and on the mauka side he has his, he has another piece of <br />property so he certainly supports our application. With respect to the changes to the conditions <br />that Mr. Hayashi mentioned earlier we do concur with the changes in number 3. With respect to <br />thechangesinnumber7,IjustwanttoclarifyperhapsI,Ididn€thearcorrectlybutwhatI <br />thought we would, you were doing is in the last line, we€re going to strike the words final <br />subdivision approval or‚. So the last phrase would be, prior to dwelling occupancy‚. <br />HAYASHI:Basically the, I discussed it with the, Mr. Emler, Department of Public <br />Works representative and he basically stated that we should, instead of doing that we should just <br />add the word construction after final subdivision. So, what the sentence, last portion of the <br />sentence would read would be, prior to final subdivision construction approval or dwelling <br />occupancy‚ and I think that would serve your purposes as far as your intent to bond the property <br />and get final subdivision approval. But before you can, before we do our final construction <br />approval of the subdivision and all of the improvements are done that you would have to provide <br />this drainage system if its required. So basically I think that€s the same thing that you were <br />discussing. <br />LAU:So as I understand it, so long as we construct the improvements we can <br />obtain occupancy? <br />HAYASHI:Yes. <br />LAU:Yes, okay then we€re fine with that. <br />YUEN:Can I? <br />GRAHAM:Director Yuen? <br />YUEN:Is the right term inspection of construction improvement of subdivision <br />improvements? Because it says a drainage study, did we rewrite this again from what€s in <br />yellow here? <br />HAYASHI:Yes. <br />YUEN:Okay would you, would you read that again for me? <br />EXHIBIT <br />4 <br /> <br />