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provided herein, any party may bring the subject action back to the Court.‚ So the Order <br />as it€s written seems to indicate that it€s a packaged deal. <br />ALAMEDA:Okay? Commissioner Siracusa, your second question? <br />SIRACUSA:Yes. My second question is, looking at the Background Report on <br />Page 3, under Permit Condition 8, Final Plan Approval for the proposed golf course and <br />related improvements shall be secured from the Planning Department within five from <br />the effective date of the second amendment.‚ And it doesn€t say five what, five days, <br />five weeks, five months, five years. And I think it€s a little housekeeping thing, but I <br />think we want to get that clarified here. <br />ALAMEDA:Five years permit, is that okay? <br />HAYASHI:Yes. <br />ALAMEDA:Verygood.Andintermsofaprocedureƒ. <br />SIRACUSA:Isitfiveyears?Isthatwhathe€ssaying,fiveyears? <br />ALAMEDA:Yes,it€sfiveyears.Mythoughts,intermsofprocedure-wise, <br />because it seems like the parties have agreed and have come to a settlement on this <br />already, now it€s more up for the Commissioners to either ask questions, get <br />clarifications, so that we can move ahead on making a motion to accept this settlement. <br />So that€s kind of what I€m thinking in terms of questioning. Or is there a more formal, <br />we have to go through each party again and all that thing? <br />SIRACUSA:Well, we have an Intervenor here, also. We should give him an <br />opportunity to give us his mana o, yeah? <br />ALAMEDA:Okay. Sure. Is that, in terms of protocol, how should we proceed, <br />Mr. Torigoe? <br />TORIGOE:I think you should give the parties an opportunity to address the <br />proposed settlement to you. <br />ALAMEDA:Okay. Sounds good. Mr. Director? <br />YUEN:Yeah. I€d like to explain why the change here. As I€ve said <br />before, I think this project is completely bogus and the golf course will never be built. <br />The golf course costs about $20 million to be built. Almost all golf courses will lose <br />money on a cash flow basis, meaning that even if you don€t count the money it cost to <br />build them, they still lose money to operate, even in resort areas. The only golf course <br />that has been, there€s one golf course I think under construction on the island and it€s <br />being, at Kohanaiki, is being built has an amenity to resort-residential development. We <br />have a number of golf courses that are also permitted in resort areas that are not being <br />7EXHIBIT D <br /> <br />