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Aug 08 12 12'52p <br />William P. Kenol <br />Mayor <br />Rick Oliver <br />County of Hawaii <br />DEPARTMENT OF FINANCE - REAL PROPERTY TAX <br />Aupuni Center . 101 Pauahi Stwe . Suite No.4 • Hik, Hawaii 96720 • Fax(808)961-84i5 <br />Apprai9crs(S0S)961-8354 . Cleriml(008)961-8201 . Collcc4lws(808)961-8282 <br />West Hawaii Civic Cenicr - 74-5044 Ane Keohokalolc Hwy. • Bldg. D, 2nd Fir. . Kailua Kane• Hawaii 96740 <br />Fax(808)327-3538 - AppmSers(808)3234881 . Clerical(808)323-0880 <br />August 8, 2012 <br />BICC Properties LLC <br />101 Hodencamp Rd., STE 200 <br />Thousand Oaks, CA 91360 <br />Re: TMK's (3) 7-1-007-044 to 7-1-007-047. <br />Dear Mr. Silagi, <br />p.3 <br />Nancy E. Crawford <br />Finance Direclar <br />Deanna S. Sako <br />Deputy Duccor <br />The Golf Course Parcels: 044, 045, 046, and 047 were assessed considering the functional obsolescence. <br />Based on the current conditional of the improvements the assessment value received a downward <br />adjustment, please see second page for the breakdown of the recommended assessment. <br />If you accept this settlement offer, I would ask you or your agent to sign the enclosed copy of this letter and <br />return it to me as soon as possible. It will be presented to the Board for approval. If you have any questions <br />at this time, feel free to contact me by mail, or telephone at (808) 961-8286 <br />Hawaii County is an Equal Opportunity Provider and Employer <br />