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Summary of Waipi`o Acquisition <br />Based on recommendations by the Public Access, Open Space and Natural Resources <br />Preservation Commission, the Mayor and as authorized by the Hawaii County Council, the <br />County of Hawaii has purchased an approximately 1.804 acre parcel (see attached aerial map) <br />of land at Waipi`o Lookout Point for $900,000 from the Revocable Living Trust of Rose <br />Catherine Rice effective October 5, 2007. This is the first purchase of qualified lands on a <br />prioritized list for preservation by the Hawaii County Public Access, Open Space, and Natural <br />Resources Preservation Commission. <br />The property was acquired through the County's Public Access, Open Space, and Natural <br />Resources Preservation Fund, established in December 2005 to acquire lands deemed worthy of <br />preservation. <br />The approval of Resolution 427 -06 dated August 23, 2006 (see attached resolution) by <br />the Hawaii County Council authorized the County to enter into negotiations for the acquisition <br />of the Waipi`o property. The resolution notes the property's significance as a gateway to <br />Waipi`o Valley that would enhance the existing County -owned Waipi`o Lookout facilities. The <br />purchase also complements the Waipi`o community's new outreach program that provides safety <br />information and education about the valley's important cultural and natural resources. <br />