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Petitioner emerged from bankruptcy on July 1, 2014, in control of Hokuli`a. Since then, <br /> Petitioner has made significant strides towards revitalizing the once dormant Hokuli`a. Among <br /> other things, Petitioner contributed $20 million dollars towards the completion of the Bypass <br /> Extension and completed necessary project elements and infrastructure, including the Phase 1 <br /> Wastewater Treatment Plant, additional infrastructure improvements in subdivision Phases 1 and <br /> 2, various golf course related amenities, and all archaeological mitigation. The archaeological <br /> and cultural sites within Hokuli`a are actively monitored and maintained by the HokuIi`a Parks <br /> and Cultural Sites Association, which is funded out of Hokulia's club membership dues. <br /> The Shoreline Park(which is being developed in five phases) has been opened to the <br /> public since 2002 and is also maintained by the Hokuli'a Parks and Cultural Sites Association. <br /> Petitioner has completed the improvements required for the Shoreline Park by the <br /> Comprehensive Public Access Plan for Phases 1 through 4, and improvements for Phase 5 are <br /> currently underway. The completed park improvements include planting naturally occurring <br /> native trees, shrubs, and ground covering vines; improving the shoreline trail system with wood <br /> chips generated from the debris from clearing of non-native invasive vegetation; creating public <br /> rest areas along the trail system complete with picnic tables and waste receptacles; and installing <br /> appropriate directional, hazard, and cultural protocol signage. Petitioner has also obtained <br /> permitting for a new public restroom facility with twenty-eight parking stalls. <br /> On December 12, 2016, Petitioner dedicated a 2.273-acre parcel abutting the north side of <br /> the Kona Scenic Park to the County. That land is now being used to provide much needed off- <br /> street parking for the public. As of August 23,2012,the Planning Department confirmed that <br /> the total balance of fair share credits for Hokuli`a was$8,641,127.12. Petitioner is currently in <br /> the process of obtaining an updated total balance of fair share credits from the County. <br /> 4862-5574-8005.3 051730-00058 -7 <br /> 11 <br />