2009-06-30 TPALAMANUI - Laserfiche WebLink

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LAM: Our timing is the first quarter of Ó11, is what we are looking at. HOUSEL: Okay, for, to -. LAM: To try and start some residential. You know, weÓre monitoring t all the time to see if, you know, what things are looking like out there, and weÓre hoping things will be better by the first quarter of Ó11. HOUSEL: Will Roads 1A and 2 be complete by then? LAM: Yeah, they will be under construction and nearly complete. HOUSEL: Okay, and usable at that time -? LAM: Yeah, we have to have those roads in to be able to sell the real estate in that area. That residential area, that yellow right next to 1B there, thereÓs about 138 residences in that area, and thatÓs where we hope to do our first phase. HOUSEL: I see, okay. Regarding the, I remember going to some of the Palamanui presentations back in 2006 when you were asking for your rezoning, and at that time I recall Î and correct me if IÓm wrong Î that we anticipated that the university building would be available for classes in fall of 2010, is that correct? LAM: Initially, weÓre still, weÓre still on that schedule right at this moment. But we are here for these changes because there are just things that we, we, you know, weÓre making, asking for these ordinance changes because we really, really need them to be able to proceed with the university. HOUSEL: So is it likely that will happen? LAM ThatÓs our, thatÓs our plan. HOUSEL: Okay, by fall of 2010. LAM: Well, we hope to start construction in the first quarter of Ó10, and probably available for classes in the mid-Ó11. HOUSEL: I see. Okay. Thank you very much. WATANABE: Okay. Any further questions? Ms. Bowman. BOWMAN: I have a couple of questions. Are you aware, the University isnÓt kind of providing housing because itÓs more of a day -? Do you have any HARRIS: Yeah, the University has lots of land and many things could go there in the future. But the initial plan is just to move the student operation thatÓs up at the Kealakekua EXHIBIT B 10