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In January 2011, 1250 Partners obtained Variance No. VAR 10-027 (the "Variance"), <br /> which covers, inter alia, the Makai Haleki`i Extension, Mauka Haleki`i Extension, and <br /> Connector Road. Exhibit 8. 1250 Partners sought the Variance to allow for the retention of <br /> existing and construction of new twenty-foot wide paved roadways within fifty- and sixty-foot <br /> wide rights-of-way, without having to pave the shoulders of the roadways. The purpose of the <br /> Variance was to minimize excessive grading in order to mitigate potential environmental <br /> hazards, and to address concerns that the grading of the steeply sloping lands within Hokuli`a, <br /> coupled with a full pavement of the right-of-way, would increase the potential for storm water <br /> runoff. The potential for storm water runoff was demonstrated when Hokuli`a was put on hold <br /> in late 2000, to allow for remediation of sediment runoff into the nearshore waters fronting <br /> Hokuli`a caused by severe storm events. <br /> Oceanside acquired 1250 Partners' loan in late 2012, but before development of Hokuli`a <br /> could be fully resumed, 1250 Partners needed to proceed with a petition under Chapter 11 of the <br /> U.S. Bankruptcy Code to restructure its debt. During this time, however, the Mauka Haleki`i <br /> Extension was completed, which, like the Mauka Haleki`i Extension and Connector Road, was <br /> constructed pursuant to plans approved by the County, including DPW. The Mauka Haleki'i <br /> Extension was dedicated to the County in 2012 and has been open to the public ever since. <br /> Exhibit 9 (Resolution No. 317-12). <br /> Oceanside emerged from the bankruptcy on July 1, 2014, in control of Hokuli`a. Since <br /> then, Oceanside has made significant strides towards revitalizing the once dormant Hokuli`a. <br /> Among other things, Oceanside contributed$20 million dollars towards the completion of the <br /> Bypass Extension and completed necessary project elements and infrastructure, including the <br /> Phase 1 Wastewater Treatment Plant, additional infrastructure improvements in subdivision <br /> 4860-3160-4157.3.051730- 00058 6 <br />