HomeMy WebLinkAboutCOM 0257.016 2008-2010
EDMI WD C. OLSON TRUST NO. 11
Hih; K: HS11,fl Thast Properties
May 4. 2009
Mr. Ken 1?ujiyama .President
Naniloa Vcicanocs Resort
9'.% Banv-ar Drive
Hilo. HI 96720
Dee. Ker.:
After speaking to you iatt week 1 wisi .e hritig ;you up-to-date on my thoughts ca: tits w:o oceanfront
propetties I owr or; trse Rig Island.
runt. The Kawa Flay adjacent oropcrties I own m Ka'u. This area has alway; been special to me and i
al;va}'s felt i rotas iusr hr•,Idin this prnoerlv in the interim before the County could get around to acourer-ng
it from my Trust.
1. as a Hawa±ian I:;lan Associate Director for The'Ihist fo- Public Land (T.P.L.) V,Ls very personally
involved in pvOng m the initial cast. deposit to hold thc i(onu'apo Beach projccn in esc:row so T.P.L. had
the time to raise the *unds necessary to close no this and rum it over to the County
At that tame. I %ww the cppoqunin to asiow an opportunity for IL P.L. and the County workin_r. xogcd.r_r to
acquire a maid: Beath park running almost continuousiy along this Ka'u coast from the hinhwfty io the
sea stat'irag figm Punnulu ell the hay to lionu'tpo. Th`.s is an incredible property that i 9i cI should
alwaw, be puhiu: beach park and act a target fn: future devel _+pers.
The previous of;;arm by a very inadeauate Crtun,,y employee. to affect an apFtrwsal for this acqui :itior. al
Ka'u was at -nest amaw%rish. and actuary not in the public interest in an) way.
I sineeraly believe that the >S million that I will sell this oceanfront 550, a_res for is snore thin a fair prize.
Rp,member,'he first Coont}' appraisn's -"W S".1 rnitlion, T1-,e second. which was directed by ttre
a^orcutcntioned County employes, was only $3.7 tniliior. And he never visited the acttial property.
Further esnm?nation shows too much a+mparison INAll non-nceanfron: paroci.s to make any seise.
The second piece. of course, you know' cC-y welt, as f; a tune you owned it. for the same purpo,. 1 do
now is to hold it for future Count acrwimt on. That. ofcourse is the rune acre, at rl-c intersection r.''tir.a
Horciilu R.iNc:- and tl~e I lonoh iu ?:teach surfs..^.e break.
If volt ann.: hire this iet1w evitir auto eoccemed politicians or fellow citizens so they can start to
under~tand tfte,5e propcrtics as must have places for publio uses fCx teneretion.. tc come.
Sincerelq,, -
Edmund C. Olson, Trustee
Hilo Lrrcntion: 46 Amanulu Road, I-Tflo, 1-lawn-a 96720 a knit Locettiont PO. Box 280, Pr hales, Ilascnli yips?17
Comm. too. 2S '(p
Ref. To:
Ref. Date MAY 0 a
i
ITS
l-tilto &Z ILL lytrst Pr'(Jpcrt.ics
028-0500
10"Iy 5. 009
Mr. Ken Fsjiywna, ?'resident
M,mi ,a V olaanoes Resort
93' Banyan Drive
l4iio. PI 96720
De'ar' Ken:
Thiy lcccw shall sertc as my rxrthariwion for you to act as an agextY, fins' the Ldmund C.
Olson Tract 11 to rep reseru me at the Ch hiic Access Open, Space and h'atttral Resou res
Preservation Commission to express my desire to move ahead in the aWquisyition Tit ce
tofthe three 61 properties and to assist in chaileneing, the second appraisal for Pau a.
The value to the public is itnmeax utebie, tvcil into the future.
sincerely,
Fdmund Olson, Trustee
}ii3cr L<xrYi£Qn: •tG.A.Xntjvulu Rr,.nd. tjtlo, Hanidi 96720 • Fi 6 Lccation: PC). $oa 2.S0, : uhnla. Ham-Lai 967-77