2012-11-15 Leeward Exh A - Riverbend

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going for the time extension, we had suggested that, to give the Department of Public Works the option and not necessarily mandate a roundabout, but instead to say like, well, traffic signalized and in the alternative, if the Department of Public Works determine that the roundabout is more efficient, then they should do the roundabout. Well, when the matter was heard before the County Council, the Council made it explicit that they wanted to have a roundabout, and it was largely by the area councilmember, Councilman Hoffmann. And his rationale is generally along the lines of what’s been kind of expressed, one of which was that, you know, for traffic moving, especially like the trucks, you know, going mauka, and having to stop at the intersection periodically would create more of a problem rather than just having the assurance of just kind of going through that intersection; it will be not the fastest but, you know, you are going to go through that area. And so that was why the requirement was made to have a roundabout. Since that time the developers, you know, Waikoloa Mauka, they had to provide construction plans, so they did provide, they did prepare the construction plans for a roundabout and it was submitted to the County Public Works Department. I think it’s nearing final approval. So, you know, along the way there were question raised as far as like, you know, when you have a roundabout, and if you looked at like the Mauna Lani situation, you know, how do people cross from one area to another, you know, like, where is the crosswalk? And generally, the design is that the crosswalks are usually outside of the roundabout area. And so the plans do reflect – and I have a copy of a concept plan that shows how people can get access from the north to the south area or from east to west, whatever have you – so there are provisions for crosswalk accommodations. Again, back in 2005 one of the, one of the minority partners is a guy named Michael Miroyan; he had some interest in the land, he had some interest in the, you know, the Waikoloa Mauka property. And so as we were proceeding, you know, working with the community, trying to find out, you know, as good neighbors, trying to work with the community to identify what their needs are, and it became kind of paramount; one of the critical needs was trying to find a community park site, you know, for that area. And if you are familiar with the land ownership like, you know, a lot of this land is, these lands here are owned by the Village Association, you know, all surrounding the Waikoloa Village, and there is very few other privately owned parcels in that area. So there was like a number of committees formed just trying to identify all these potential park sites, and it finally, you know, they kind of like settled on to a property area like this, you know, right below in the area of the Stables, you know – this is the Stables and this is just kind of below this area. So, you know, we were in discussions with the community, and finally back in 2010 we were working with the Department of Public Works and also at the time the area councilman to say like, “Well, we’ll develop a concept plan to see like how we can fit.” And that concept plan is, that concept plan came something like, you know, something along this line. So this whole area that’s kind of shaded, it consists of 31 acres. So the area that’s being proposed for commercial area zoning is like about, it’s about a half of it, like about 14.5 or 6. And this is the area, the proposed park site. The reason why we had to do that was to help underwrite a lot of the improvement cost associated with the park, you know, especially the offsite improvement and the onsite improvement. There was a need to have some use of this area. So Hawaiian Riverbend, which consists of the principal, this guy Michael Miroyan, he then said that, “Well, you can buy out my interest and then just give me this property here, and then I’ll start to work on a commercialized development.” So that was how it was arrived. GIFFIN: So he is no longer principal in the group that is Agenda Item No. 2? FUKE: Correct. So his interest was, you know, his interest in Waikoloa Mauka, the second application, was relinquished by virtue of like his getting this property. But the conveyance of this 8 EXHIBIT A