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notice the different colors of zoning, the light green is Agricultural 5 acres, we have, the darker <br />green is Open zoning and then we have Resort zoning for the purple. W <br />e also have some Single- <br />Family Residential identified in yellow and darker yellow. Here is an aerial photo of the actual <br />properties. These are in this general location; again, we have the boat harbor, or the boat launch, <br />just to the north of this property. <br /> <br />The applicant is requesting a one-year time extension to comply with Condition No. 2, which is <br />the requirement to secure the water commitments for the developm <br />to allow the development of an eight-lot single-family residential subdivision and related <br />improvements. The Planning Director is recommending approval of their request. Are there any <br />questions? <br /> <br />WATANABE: Fellow Commissioners, do we have any questions of staff? Seeing none, <br />for the record, before I forget, no one has signed up to testify <br />Fuke, I believe you are the representative for Puak Bay Investors? <br /> <br />FUKE: Yes, sir. <br /> <br />WATANABE: Yeah, just for, you know, swear you in. Do you swear or affirm to tell the <br />truth now before the Planning Commission? <br /> <br />FUKE: Yes, I do. <br /> <br />WATANABE: Thank you. And then, of course, name and address. <br /> <br />FUKE: Good morning, Mr. Chairman, Members of the Commission. My name is <br />Sidney Fuke. IÓm a planning consultant. IÓm working on this application with the owner. <br />Unfortunately, the owner is in his second home, which is Las Vegas, so he is not able to attend. <br />IÓll give him a report after the outcome of todayÓs meeting Î hopefully, itÓs favorable. <br /> <br />Just to add a little bit to the staff report, IÓd like to kind of note a couple of things. One is that in <br />terms of the water system, what the applicant has done to date is that we had a number of <br />meetings with the existing resort developers who have previously participated with the <br />Department of Water Supply. And so they do have excess water commitments that conceivably <br />could be assigned to this property, and these are particularly Mauna Lani Resort and Mauna Kea <br />Resort Properties. Nothing has been, you know, consummated with either of these resorts. <br />WeÓve also had discussions with the former developers of the Bridge Òina LeÒa property, <br />which is Bridge Capital. But since the new owners, DW Òina LeÒa Development Corporation, <br />bought the Urban designated area, and is now obligated to fulfill a lot of the water related <br />requirements, there have been active discussions with DW Òina LeÒa. So we hope that over the <br />next year, or within the extended time period, if the Commission so grants it, you know, weÓd be <br />able to consummate something and the project can proceed. <br /> <br />The other thing I want to kind of note is that since the original SMA Permit was issued, the only <br />substantive regulatory change that has occurred was the adoption of the South Kohala <br />Community Development Plan. And since the adoption back in November of 2008 -. And if <br />EXHIBIT A <br />2 <br /> <br />