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of the SMA, but in the interest of time I’d just like to summarize it, and of course we’ll be open <br />for questions on various issues areas, if you have questions. To summarize, construction of the <br />proposed improvements is not anticipated to cause any adverse impacts to water quality, scenic <br />and recreational amenities, and will not increase the risk of flood, erosion or siltation. Potential <br />short-term related air and water quality impacts will be avoided and mitigated through the <br />implementation of appropriate best management practices. Permits for stormwater discharges <br />will be obtained. The project is not anticipated to have cumulative impacts, as it involves the <br />expansion of an existing master-planned resort area that is being developed at much lower <br />densities than originally proposed. The project will not restrict public access to tidal lands, <br />marshlands and beaches, and will not interfere with or detract from the line of sight toward the <br />sea from State highways. Finally, the project will have no effect on water quality, fishing <br />grounds or water life habitat. <br />At this time I’d like to call on our principal architect for the project, Ernie Vasquez of MVE <br />Pacific, to walk you through the site plan. <br />VASQUEZ: Thank you, Alan. Ernie Vasquez, 1100 Alakea Street, Honolulu. MVE <br />Pacific is the firm that’s involved with the planning. This is an overview of the overall site that <br />from last year we have made some significant changes and that was primarily the reduction of <br />the hotel from a six-story to a four-story; so when we talk about the hotel component, we have <br />lowered that from where we were last year. But the thrust behind the planning has been to really <br />enhance the main existing road, Hoohana Road, to a nicer, upgraded boulevard, so that we have <br />all of our entrances coming off of that main entrance. Each of these planning areas stands alone <br />with its own, shall we say, recreational amenity, its own sort of district. So when we look at <br />Parcel 1, for example, there’s a two-story to three-story, in the second parcel. They are also <br />connected by pedestrian connections. We want to be able to walk from one village to the other <br />village. So we’ve tried to design in each of these parcels not only vehicular circulation for <br />accessibility for parking but also pedestrian connectivity, so that we can have people walking <br />from one village over to the resort, to the hotel, to the amenities, to the spa. So we are trying, in <br />all of this, trying to create the concepts that we see in a lot of our planned communities, and we <br />are trying to do more of a walkable community concept. So the idea behind the densities is, one <br />of, looking at two- and three-story for-sale resort condominiums to villas, the lower density, <br />which is almost the lowest density in the parcels – this has one-story – it’s geared more to our <br />move-down buyers; it’s geared to a different segment of the community. The idea behind, shall <br />we say, even the residential, and one of the parcels that we have, Parcel 4, it also could be <br />phased, could be early access off of the main road. It’s the only parcel that has access off of this <br />road; everything comes in off of the Hoohana Road. We see upgrading that road, we see making <br />that richer sort of sense of entry, to also help the rest of the community have access to what’s <br />currently there, the childcare center in that area. We took liberties of reshaping the open space to <br />create better visibility for the residential to the open space by providing the three holes. We also <br />look at trying to create, shall we say, a sense of identity in the entrance coming in perpendicular <br />to Hoohana Road with its access coming into the hotel component and the bungalows. <br />And I know one of the Commissioners asked the question of the keys. The idea behind the keys, <br />for example on the bungalows, is a buyer could buy a two-, three- or four-bedroom home, and <br />then put it into the pool of the hotel, so that it could be managed; that one unit that could be a <br />EXHIBIT C <br />5 <br /> <br />