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preparation for negotiation and purchase. Earlier, in the 2014-2017 period,the property had been listed for sale but not aggressively marketed. Following is a summary of th,e marketing history of the property: Dates Asking Price 2024—2025 $3,950,000 2023—2024 $4,600,000 2020-2023 $5,250,000 2015—2017 $5,000,000 2014—2015 $4,500,000 Afterthe community opposition to his development plans,the owner has been reluctant to sell the property to a developerwho would attempt to build multiple unit on the property,preferringto seek a buyerwho would continue its use as a single family residence or a Hawaiian Retreat,but those efforts have not yet been successful. The property is available for purchase by the county under the PONC program. The owner is aware of and supportive of this application. 5. We are not aware of other opportunities for acquisition or special funding that exist. The downside to the county not buying the property is that the owner could fire sale it to a developer who would go to court to fight for the permits to develop the property.Then there would be condominiums sitting in the middle of all the state park lands with all the natural, historical and archeologicalfeatures.This is not an attractive situation for the county, nor is the publicity of another fight that would open the wounds of years past. 6. The proponent has presented the situation to the mayor,who has indicated he is sympathetic to the situation and is prepared to try to help find other non-profits to Leverage the PONC purchase. 7. All property easements are available in the package.A title report is available if necessary. Please see the discussion in item #4 above. 8. There are no known covenants or restrictions on the property that would prevent or hinder a sale to PONC. 9. The property does not have any known lava hazards. It is in lava zone 4, which is not an active lava zone. There have not been any mudslides or pollution generated from the property.Although it is oceanfront, it is currently not in an identified flood zone(zones AE, VE).