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USDA <br /> Ulnited States Department of Agriculture <br /> January 28, 2025 <br /> Hawaiian Islands Land'Trust (Hawaii Land Truest) <br /> 1108 Fort Street Mall, Suite 4 <br /> Honolulu, Hawaii 96813 <br /> SUBJECT.- Agricultural Conservation Easement Program—Agricultural Land Easel uent <br /> (ACEP-ALE),Parcel Contract 5492 5124,01 H <br /> Dear Hawaiian Islands LanclTrust: <br /> This letter confunis that the USDA Natural Resources Conservation Service(NRCS) has <br /> executed ACEP"-.ALE parcel CODt14,RCt 5492512401 H with Hawaiian Islands Land Trust <br /> cotninitting ACEP-ALE ftinds in the aniourit of$150,00O towards the purchase of an agricultural <br /> land easellient (conservation easement) oil tile following lands- <br /> Tax Map Key (TMK) (3) 5-2-9-025 and(3) 5-2-9:026 oil the Island of Hawaii, parcels <br /> owned by The Revocable Trust Agreement of Beldon K. Kealoha dated Sept, 30, 2019, <br /> The ACEP-ALE parcel contract 54,925124,011-1 was flilly executed oil August 12, 2024 and <br /> expires March 31, 2027. The Hawaiian Islands Land'Tnist must acquire the agricultural land <br /> easement tinder the terms of the parcel contract and the AC E,P-ALE funds must Lv dispersed by <br /> the March 31, 202 7 expiration. The NRCS comirtitted amount of S 150,000 is sub�ject to appraisal <br /> of the easement—NRCS is limited by Federal statute to a contribution of tip to 5Mo of the <br /> appro,%,,ed appraised value of the easement. <br /> NRCS appreciates the partnership and C01111DItinent of Hawaiian Islands Land Truest to <br /> conserving our Nation's natural resources and looks forward to working with you oil this <br /> particular ACEP-ALE acquisition. <br /> Sincerely, <br /> X <br /> MICHAEL IBILANCIONE <br /> Easernent Acquisitions Branch Realty Speba list <br /> signed by MICHAEL BILANCIOINE <br /> Natural Resources Conservatim Service <br /> An Equal Opportunity Provider,Employer,and Lender <br />