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that the FEMA mapping is completed, Public Works has indicated that we shouldn’t have that
<br />issue. But this will be traditional, you know, like most of our other projects, in fact, I think all of
<br />our projects, it’s, you know, it’s not a build-it-and-they-will-come; it’s built based upon market
<br />demand and what the presales are. And, you know, and that’s, that’s a big question. We’re, to
<br />be fair, and I think the County got it in the write-up pretty accurately, we still have at least a
<br />year’s worth of back and forth with FEMA; if anyone here understands LOMR, CLOMR, it’s
<br />significant. And then we’ll have the standard County processing on top of that. So we are
<br />probably two years to three years before we can actually start to go vertical, and then we are, you
<br />know, we are hopeful that the economy and the volcano and everyone is cooperating.
<br />
<br />UNGER: Thank you.
<br />
<br />LIM: One for the matter on the, I think, you, Mr. Chairman, had asked about the language for
<br />amendment of Condition 7 relating to the Department of Water Supply, as the applicant has paid
<br />the, for the water commitments. So I’ll try to read you some suggested language for Condition
<br />No. 7, if you look at that paragraph. So we just strike from the word “Prior” all the way through
<br />“Water Supply,” and start the sentence with “The applicant shall submit,” cross out “the
<br />estimated,” I mean “anticipated,” and add in “estimated,” then keep “maximum daily water
<br />usage calculations as recommended by a registered engineer,” and cross out “and a water
<br />commitment deposit in accordance with the ‘Water Commitment Guidelines Policy’,” then keep
<br />“to the Department of Water Supply,” and then cross out “within ninety days from the effective
<br />date of the SMA Use permit,” then keep “for the initial,” and cross out “commitment of 77,” and
<br />add “75 additional ‘units of water’ allocated to the subject property.” “The applicant shall obtain
<br />water commitments to develop the requested number of units prior to submitting plans for Final
<br />Plan Approval for any portion of the project.”
<br />
<br />UNGER: Right, okay. That will bring us current to where we are at.
<br />
<br />LIM: Exactly, exactly.
<br />
<br />UNGER: Okay.
<br />
<br />LIM: And, so I’ll read that one more time for clarity. The amended Condition would read, “The
<br />applicant shall submit estimated maximum daily water usage calculations as recommended by a
<br />registered engineer to the Department of Water Supply for the initial 75 additional units of water
<br />allocated to the subject property. The applicant shall obtain water commitments to develop the
<br />requested number of units prior to submitting plans for Final Plan Approval for any portion of
<br />the project.”
<br />
<br />UNGER: Okay. We’ll work our way through that when we get to that part, but, very good,
<br />thank you. Go ahead.
<br />
<br />DARROW: Thank you, Mr. Chairman. Good morning, Steven, Curt. I just, the Chairman had
<br />asked the question regarding the connection of the proposed Keauhou to Kahului Parkway to
<br />Kuakini on the portion to the north. My understanding, and correct me if I’m wrong, is that the
<br />Condition (K) in the ordinance required that until that is all developed and able to be open, you
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<br />EXHIBIT A
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