HomeMy WebLinkAboutCOM 0230.002 2000-2002
06/19/01 TUE 18:24 FAX 604 684 6116 JARVIS CUxxllsLUUIt w.IVUz
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June 19, 204 1
Planning Commission itE{:E9VE~
COL,Th1TY OF HAVVAIT 1't...~_---------- -
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25 Aupunl Street ~Sd~--~,.------------~'~- .fir-_
Kilo, IIi 96724 aunty Govnd:i4
INTYU~/YiST att~rltion• tvls. ~
CORrDYUT10N Geri Giffin hair
SVYTE BOO
too I'lvasAxD STYtse~r Dear 1V15. (~ff9n'
VANCO WiR. ec
CANADA v6c ;~6 Further to my later of April 25, 2001, I 2~HEi softy to inforrxl you that IntraWest~COrporation
TEL.6oq.669.9777 is no longcx in discussions witls the SIliga Croup to acquire the Big Island Country Club.
t'AYC.6ob.669.u6cI The letter of intent Yeferred to irf Yny earlier larttcr 1ta.S })CEn terminated.
's'hank you for your assistatlce and support and I look fot~rard to working with you on
projects that Intrawe5t rslay become involved within the future.
Yoatrs very truly,
ITT°i°~~S'1~ C® ItA~'Y®N
John E. Coarse
Senior Vice President
.TBC:crnl
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cc Noriko Saiga
Sydney Fukd:, Planning Consultant
Pu'uanahula Colnmuniry Association
Comm. No. ~ ~ ~
File No.
CoJ;.1Cd L
Ref. To:
~f. 2 n X001
~
April 2s, 2401
lads. Geri Gifl'rtt, Chair
ElannieA~ Comrr?i~sior:
COL11gTY ®F k~IAA~IAII
25 Aupua~i Street
l;~al®, HI 96720
l~earMs. Gifl`in:
INra.?~YtT The purposo of this letter is to introduce OurSelv®s and to surnaraarize our intentBOnS re~at'ding
coaroxwnor+ l~ig Island Country Club do Estates. Vlre are writing this letter at the request of the cere~rent
oavaaer of the propeaty.
SVITB BDO
100 BuRSwaL SrR6eT Intrawest is Bhe leading developer and aperator of village-centered resoats across IVor9~
vws+covvca. °c Arraerica. It is redefining the resort world with its teas mountain resorts, osoe w~.-weather golf
CwNADA v6t ;Lb resort; ei teCn Olf ciaearseis, a
gh g larernier vacation ownership baseness and five world-class
T$L.S04.669-9799 warn9 weather and naousatain resort villages at other locations. ~'hc conlpasay owns
cwx.6oy.66y.c6os WhistlerJE6laclccrantb, Norila Attterica's most popular motmtaisz resort, artd Panoaaaata iae British
Columbia, ~Itac Mountains iai Ontario (50°/®), Ta~ablant and Mont Ste. Marie in Queb®c,
Copp®r in Colorado, Stratton iaa Veranon8, Snowshoe Mountain in West Virginia, ldiountain '
Creek in 1Vew Jersey, Marrsaeaoth ~ California (59®/®), and Saradestiaa Golf aasd l~eacla 1Zesort in
Elorlda. Ira addition, we are creatiatg world-class, foams soasora resort villages at Keystone,
Colorado; 9olita~de, Utah; Squaw Valley near Idalce Tahoe, California; des Arcs, lFrarace, seed
bake Las Vegas I~sorY, imlevada. I~awcst corrrbirres high-gaaaliity resort seroeices seed
anaenitics with iaanovative residential and cornrarcrclal teal estate develo~erat to attract
visitors and buyers of real estate to its villages. Intrawest's shares are listed on the N~ York
(IJ®R) sand 1`oroaato (ITV) stock exchanges.
VVe believe that I3ig Island Country Club di Estates, with its 18-hole golf cortrse and
developable real estate, presents a unigree opportunity iar I~Iaovaii for Intrawest. ale have
already establishod a presearce irr Princeville, Kauai vdith the dev®lopment of our Club
Iartravvest property a®d we have been actively seekieag another oppotturaity itr I~Iawaii. At
Ares®nt. we are Irarty to a more-binding lettst of intent with the current owrners of tlhte property.
The letter of intent contemplates a tratasactioaa whereby Iratrawest woaald acquire dig 1•slarad
Co~sntry Club Estates diaa¢ited Partnership (sand thus acquire ownership of the golf cotarse a®d
taradeveloped land).
P'arrsuant to tpgis letter of irptetat, we are cntly involved in due diligence irrvcstigations
during which vie are revieavirag all anatters and materials relevatst to 13ig Island Cor~ratry Club
acrd Estates. ODVe have invested coarsiderable titrac and rmoasey inn Dear investigations to date,
facluding engaging various consultants (engineers, 8o1f corarse consultants and legal coons®1)
ir? addition to creating aaa internal team to assist with Dear due diligence investigatioaas artd to
provide ras with advice on various issues.
ri:lP%pscrslHie Iar®eed Coa~aray CltnblSFukc 25Apa~l.d®e
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Pa~c 2 oj1, Letter ro C®u~aty ajR'aavafi
~ldsrdd .25, 2001
As put of our ongoing due diligence, it is important for us to uataierst~d the Cotasny's level of
support for this project. We understand that there a~ some congas, both of flee County seed
tDae corrassAtssaity, relatisag to this project. We always take a positiv® appeoach to dealing dtt ~
open e~+ay witDa cosscerns. VJe have aDready neat with the IPu'uanaDaaalu Coansaeunity Association
to discuss their concerns and to reassure tlaen°e tDsat should this transaction lse fusali~d, vve
fully intend to honour the cottasnitsssents made by flee cast owffiers. We also ea~d to be
cora~fortable wills your DeveD of support for this project. Specifically, if rive decide to proceed
with t19e project it will be important to us that the basic entitlesneDats are sta11 operable. Its this
regard, yoasr and eventually the County CosaneDl's approval ®f dig Islaaad Couastry CIuDs and
D?states' pendatag request mvouDd provide us with an indication tDtat dte Coutaty is~saapportive of
flee project.
If you have any questioass about our company or our involvement With this pa~ject, vve would
be dsappy to arratage a asaeeting with you whereby we case meet to discuss any cerras that you
may have. We would also be pleased to provide you with additions! itaforanatSon aboaat our
corsaparny at y®ur request. In dse 3Eteantirree, vve wilD be continuing our due daligersce
investigations, and vve look forward to the opportunity to work with you in the future.
Yong: ply,
]i191'1i`ktAb~~s~ C'O 1'I®~
Johan Currle
Senior Vice D?~sident
aGlg
);.a~cl.
cc. Norio Saiga
Sidaaey Duke, PDanrting Consultant
1?u'uanahulu Conas~munity Association
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