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but also of Bruce Brothers, which is a restaurateur in Alaska, and he and his partner have a <br />couple of restaurants there. So we are coming in with some background. BobÓs partner is an <br />incredibly experienced restaurateur with a lot of experience in <br />Restaurant is a holding name; thatÓs not going to be the name of the restaurant. So I just want to <br />assure you we are not generic. But when we started this process, we had to have something. <br />And so we are still looking for names and how we are going to call this. <br /> <br />The building site we are talking about is 5,000 to 6,000 square feet. What we are doing as we go <br />along at planning is we are reducing more and more of the covered area and looking at more and <br />more open space. So our footprint will probably be in that area. We are really trying to <br />minimize the amount of roof, and have this be as open as possible. People want to see the stars <br />at night, and just that opening and with the ocean breezes it really is cool enough. The <br />commercial building on the other side is something conceptual. We wanted to have full <br />disclosure; we are not sure if weÓre going to do it. We are thinking about some possibilities <br />there. There has been interest in art gallery. We donÓt know of any specific use, but for full <br />disclosure we wanted to just let people know what we are thinking about in terms of the project. <br /> <br />In terms of the restaurant concept, you know, one of the things, and we were not sure if we can <br />do it, but the concept is -. This area is overgrown with kiawe, you couldnÓt see anything in there, <br />and what we want the feel of the restaurant is somebody hacked through the kiawe and found <br />this really cool, old building that has now been turned into a restaurant; so thatÓs the feel that we <br />want to create Î something that feels like itÓs been there forever. And we are not sure if weÓre <br />going to accomplish it, but thatÓs our starting goal in planning. We want to do fresh seafood, as <br />we describe it, local seafood for the tourists and Alaskan seafood for the locals. Trying to make <br />it really comfortable for the Canoe Club and for the fishermen that are in the Kawaihae area to be <br />part of this, so we know we need to keep prices down to attract that crowd. And at the same time <br />we want to have really some high-quality specials and the like. So we are really trying to make <br />this a high-quality but comfortable, local-tourist mix. And aga <br />and the fishermen are comfortable coming in here and, you know, <br />really what we are trying to do here. <br /> <br />Just a couple of things in terms of our requirements with the State. Our State lease, if we sign it, <br />requires us to spend $3,000,000, and we donÓt foresee a problem, <br />amount. So it is something that we are anxious to move ahead on and, you know -. Really in a <br />sense itÓs a good time in this economy; in a sense itÓs a scary time because we are not sure where <br />the market is. Our projections are in the range of about 75 employees both full and part time. So <br />we really see this as an opportunity to intercept some of the employees within the homestead <br />community; weÓve been meeting with them as well as North Kohala and the like, so Î creating an <br />opportunity where we can actually intercept people having to drive further south for work. <br /> <br />That really is the overview. I know that thereÓs some issues that have come up regarding access <br />and IÓd like to reserve commenting on that until weÓve heard those comments because some of <br />that, we have, I have not seen some of the comments coming in ye <br /> <br />With that, we have reviewed the recommendation, the background a <br />conditions of approval, and have no objections to any of them at this point. <br />5 <br /> EXHIBIT A <br /> <br />