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DEPARTMENT OF FINANCE REPORT <br /> <br />th <br />Mr. Van Bergen stated that we are still in escrow for Kw which is scheduled to close on October 15 <br />however we do anticipate extending for an additional few weeks as we are finalizing the deed language <br />and awaiting receipt of the State and Federal grant monies. <br /> <br />In addition, we are going into contract for the Kingman acquisition as we received a little over 2 <br />th <br />million into the fund on September 30 which was the first deposit in over two years. The moratorium <br />stth <br />ended on July 1 and the fund deposits are quarterly so our next deposit should be by December 31 <br />ststrd <br />followed by March 31. However, the 1 and 3 quarters are the largest deposits since after <br />property taxes are due. We can then move forward with Kaiholena and Pohoiki. <br /> <br />Ms. Byrne Baber asked on the status of the Legacy Land Conservation Program grant for Kaiholena. <br />Mr. Van Bergen replied that the resolution was just passed last week and we have two years, until June <br />30, 2013 to acquire those parcels. <br /> <br />Mr. Hwhy is the monies in the fund already in <br />Mr. Van Bergen replied that we have to show the State that the money is already there in order for <br />them to release the grant monies and it will sit there until escrow closes. <br /> <br /> <br /> <br />Ms. Moon has nothing to report but wanted to welcome Ms. Janet Britt, who is with the <br /> <br /> <br />UNFINISHED BUSINESS <br /> <br /> Discuss and establish the 2011 Prioritized List <br /> <br />(the commissioners went into discussion regarding Maulua Gulch and the report prepared by Ms. <br />Debbie Hecht) <br /> <br />Mr. Brilhante asked Ms. Moon if the Commission is going to accept this report into the record and <br />noted that it should be done before they discuss. <br /> <br />Motion: Vice- <br />consideration and open it up for discussion regarding the prioritized list; seconded by <br />Commissioner Byrne Baber. All members voted aye, motion carried. <br /> <br />(the commissioners went into discussion regarding the Maulua Gulch report from Debbie Hecht) <br /> <br />Ms. Moon noted that they will leave Maulua Gulch on the prioritized list with an asterisk to <br />recommend a conservation easement. <br /> <br /> <br /> <br />- 2 - <br /> <br />