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TANIGUCHI: The ground lease is still a <br /> DELIMA: Yeah, the ground lease. <br /> HEIT: No, it <br /> DELIMA: Go ahead. <br /> HEIT: It was a condominium but it's now just a, basically an apartment building for lack of <br /> better description, on a month-to-month permit. To the, I guess, Incorporated Association of <br /> Apartment Owners of Country Club, Inc. That's who we gave the permit to and that's who we <br /> collect the rent from. <br /> DELIMA: But you only collect your lease rent. <br /> HEIT: Correct. <br /> DELIMA: So that's my point, is that because the leasehold has expired <br /> HEIT: Right. <br /> DELIMA: —and you got the master lease, people are paying, I don't know what they're paying <br /> each month, and that's going into the unincorporated association's bank account. And maybe <br /> those monies above the monies being paid to the State, should be paid to perhaps the <br /> redevelopment agency for the purpose of utilizing it for the demolition of the Ban <br /> HEIT: Right, but as the current permit is written we don't have that provision. <br /> DELIMA: I understand, but it's month-to-month. <br /> HEIT: Correct. <br /> DELIMA: Right, so <br /> HEIT: Revocable permit. <br /> DELIMA: Right, so we can maybe change that, and that's why I'm thinking out loud here. I'm <br /> looking at different avenues— <br /> HEIT: I understand, I understand. <br /> DELIMA: —and you know, I'm trying to be as productive and creative at the same time within <br /> the parameters that the law allows us to be. Okay. <br /> HEIT: Yeah well, since these permits were established, and this is often before this agency was <br /> created, so, anything we go forward with will involve action or inclusion with this agency. <br /> Page 7 of 10 <br /> Banyan Drive Hawaii Redevelopment Agency <br /> July 26,2017 Minutes <br />