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HomeMy WebLinkAbout2023_10_17; Affordable Housing Agreement for Mailani DevelopmentMitchell D.Roth Mayor tvos qYd ` N•, Susan K.Kunz Housing Administrator Lee E.Lord s': `, Managing Director Harry M.Yada Assistant Housing Administrator Robert H.Command ri of N'''l-`- Deputy Managing Director County of Hawaii Office of Housing and Community Development 1990 Kino`ole Street,Suite 102 • Hilo,Hawaii 96720 • (808)961-8379 • Fax(808)961-8685 Existing Housing:(808)959-4642 • Fax(808)959-9308 Kona: (808)323-4300 • Fax(808)323-4301 TRANSMITTAL MEMORANDUM October 17, 2023 TO: Heather Kimball, Council hair and Members of the wai'i ounty Council FROM: Susan K. Kun e .Housing Admi ' tr or co SUBJECT: ORDINANCE 23-20 RELATED TO AFFORDABLE HOUSING 7- AFFORDABLE HOUSING AGREEMENT COPIES/ITEMS DATE DESCRIPTION lal One (1) copy 10-04-23 Affordable Housing Agreement for Mailani Development LLC TRANSMITTED FOR: Your information and files Your approval Your signature and return Your review and comments Your signature and forwarding See remarks below as noted below Filing and return (envelope enclosed) Per your request REMARKS: Pursuant to Hawaii County Code Section 11.19(a) Affordable Housing agreements, within thirty calendar days following the date of execution of any affordable housing agreement executed in satisfaction of this chapter, the housing administrator shall submit a copy of the affordable housing agreement to the council. Enclosed is an executed Affordable Housing Agreement for Mailani Development, LLC and filed with the Bureau of Conveyances on October 4, 2023. Should you have any questions please contact our office at 961-8379. Thank you. 8851 damb EQUAL HOUSING OPPORTUNITY c e STATE OF HAWAII 19s9 9 BUREAU OF CONVEYANCES p} RECORDED October 4, 2023 8:01 AM Doc No(s)A-86770221 Doc 1 of 2 s/LESLIE T KOBATA Pkg 12270476 SKC REGISTRAR LAND COURT REGULAR SYSTEM Return By Mail X Pick-Up To: RS/1 MAILANI DEVELOPMENT LLC TG ACCOM:AC7311440401PPostOfficeBox6211 Hilo, Hawaii 96720 TITLE OF DOCUMENT: AFFORDABLE HOUSING AGREEMENT DEVELOPER: MAILANI DEVELOPMENT LLC.,a Hawai'i Limited Liability Company, whose principal place ofbusiness and mailing address is P.O. Box 6211, Hilo,Hawai`i, 96720-8924 COUNTY: COUNTY OF HAWAI`I,a municipal corporation of the State of Hawai`i, whose principal place of business and mailing address is 25 Aupuni Street, Hilo,Hawai`i 96720 TAX MAP KEY(S): (3)2-4-080:013 This document consists of 25 pages.) AFFORDABLE HOUSING AGREEMENT This Agreement is made and effective this Vs.' day of S'Cf 111M"2023 by and between Mailani Development LLC, a Hawai'i Limited Liability Company,hereinafter referred to as"Developer",whose principal place of business and mailing address is: P.O.Box 6211, Hilo,Hawaii 96720-8924, and the COUNTY OF HAWAII, a municipal corporation of the State of Hawai`i,hereinafter referred to as"County",whose principal place of business and mailing address is 25 Aupuni Street,Hilo,Hawai`i 96720. RECITALS WHEREAS,the Developer proposes to develop approximately twenty-seven(27) finished housing lots on approximately seven and one half(7.6310)acres ofreal property situated off of Mailani Street in Hilo,District of South Hilo,County and State of Hawai`i identified as TMK: (3)2-4-080:013 (hereinafter the"Project"),and more particularly described in Exhibit"A"attached hereto and made part of; and WHEREAS, on September 18,2019,the County's Change ofZone Ordinance No. 19- 92 became effective, amending the zoning of the Affordable Housing Site from Agricultural— Three Acres(A-3a)to Single Family Residential— 10,000 square feet(RS-10)subject to Condition"P",which provides for the development of affordable housing lots as follows: P. To ensure that the Goals and Policies ofthe Housing Element of the General Plan are implemented,the applicant shall comply with the requirements of Chapter 11,Article 1,Hawai`i County Code relating to Affordable Housing Policy.This requirement shall be approved by the Administrator of the Office of Housing and Community Development prior to Final Subdivision Approval. WHEREAS,the Developer has evaluated the various options available for satisfying the requirements of Chapter 11,Article 1,Hawai`i County Code("Chapter 11"); and 3258pkrr WHEREAS, Hawaii County Code("HCC") Section 11-5(a)(7)provides that the affordable housing requirements can be satisfied by obtaining affordable housing excess credits from another developer pursuant to HCC Section 11-15; and WHEREAS,the Developer proposes to satisfy the Project's affordable housing requirements through the acquisition of five and one-half(5.5) affordable housing excess credits excess credits")in accordance with HCC Section 11-5(a)(7); and WHEREAS,the Developer has alternatively purposed, in the event the Developer is not able to acquire five and one-half(5.5)excess credits,to satisfy the affordable housing requirement by constructing and selling a total of six(6) affordable finished lots in accordance with HCC Section 11-5(a)(2); and WHEREAS, Chapter 11 of the Hawai`i County Code,relating to Affordable Housing Policy, authorizes the Mayor,the Office of Housing and Community Development("OHCD")or their duly authorized representative to enter into this Agreement with the Developer to perform one or any combination of the options for satisfaction of the affordable housing requirements contained within HCC Sectionl l-5; and NOW,THEREFORE,in consideration of the mutual covenants in this Agreement, and pursuant to Chapter 11,the parties hereby agree as follows: I.Developer Representations and Warranties Developer hereby represents and warrants following: 1. At the time of execution of this Agreement, Developer has good and marketable fee-simple title to the Property, subject only to such encumbrances set forth on Exhibit"A"hereto. 2. Developer is qualified to transact business under the laws ofthe State ofHawai`i and has the full legal right,power and authority to execute this Agreement. 2- 3258pkrr 3. The execution and performance of this Agreement by the Developer will not violate or,as applicable,have not violated any provision of law,rule or regulation or any order of any court or other agency or governmental body. 4. Developer will not knowingly take or permit any action that would result in a violation of the requirements of Chapter 11 of the Hawai`i County Code and applicable regulations or this Agreement. Further,the Developer will comply with all applicable County, State, and Federal laws,rules,regulations,and requirements. 5. Developer plans on satisfying the affordable housing requirements of the Project utilizing the options set forth in this Agreement, summarized as: Option 1: Complete the acquisition of excess credit(s)from a 3rd party developer(s)for a total of 5.5 excess credits which have been verified with written approval by OHCD and recorded with the BOC; or Option 2: Complete the sale of five (5)Lots at the eighty percent(80%) adjusted medium income (AMI)level earning one Credit each, for a total of five(5)credits, and the sale of one(1)Lot at one hundred percent 100%)adjusted medium income level earning one half Credit(0.5) each, for a total of one-half(.05)credits. II. OPTION 1: Satisfaction by Acquisition and Redemption of Excess Credits 1. Excess Credit Verification. The Developer shall notify the OHCD in writing of its request to use excess credits obtained from a specific Developer whose project has earned excess credits for their use. OHCD shall verify the eligibility of the credit to be purchased from a third party to meet the Developer's housing condition including the 15-mile radius restriction per HCC Sectionl 1-15 and HCC Sectionl 1-15(c), and Hawai`i Revised Statutes (HRS) Section 46-15.1(b). OHCD shall provide written notification to the Developer of the proposed excess credits eligibilty or non-eligibilty of use for the Project location. 3— 3258pkrr 2. Excess Credit Use. Upon closing of the Developer's purchase of five and one-half(5.5) excess credits from a 3rd party, which were verified by the OHCD as eligible for use for the Project: a. OHCD will acknowledge and approve the 3rd party's Transfer Agreement of the affordable housing excess credits,to Developer; and b. Developer is responsible for recording the Transfer Agreement with the State of Hawai`i Bureau of Conveyances(BOC)within 15 days of OHCD approval, failure to record the Transfer Agreement will null and void this County's approval; and c. Developer shall provide a copy of the recorded Transfer Agreement to OHCD within 30 days; and d. Upon recordation, Developer will be entitled to use the affordable housing excess credits to satisfy the affordable housing requirements for the Project; 3. Redemption of Excess Credits. Upon OHCD's approval of Developer's purchase of the five and one-half(5.5)excess credits, said excess credits will be redeemed by OHCD in satisfaction of the affordable housing requirement of the Project as twenty-seven(27) finished housing lots development of TMK: (3)2-4-080:013. 4. Timeline. Developer shall have one hundred eighty (180)days from the date of execution of this Agreement to obtain excess credits deemed eligible for the Project by OHCD. If the Developer does not obtain excess credits deemed eligible for the Project by OHCD during this time period, Developer shall complete satisfaction of the Project's affordable housing requirements by completing the terms outlined in Option 2. III. OPTION 2: Satisfaction by the Sale of 6 Affordable Finished Lots 4- 3258pkrr In the event Developer is unable to acquire five and one-half(5.5)excess credits in compliance with HCC Chapter 11, as approved by the Housing Administrator,the Developer agrees to meet the affordable housing requirement ofthe Project, as follows: 1. Development ofthe Property. Developer is responsible for completing the development of twenty seven(27)finished lots with road access drainage, water, electricity, sewer lines, if required, and telephone. As required by HCC Sectionl 1-5(a)(2),the entire Project will be marketed as finished lots. Six(6) of the(27)finished lots will be designated to be sold as an affordable finished lot("Affordable Lots"), subject to the approval of the Housing Administrator. The Affordable Lots shall not have unusual site conditions that make it difficult to build a home, in accordance with HCC Section11-5(b). Until such time as the conditions set forth in this Agreement are satisfied,the provisions of this Agreement and the requirements to provide the Affordable Lots shall be binding on the Property. 2. Designated Affordable Lots. Developer hereby agrees to construct the following Affordable Lots within the Project site,and to sell those lots exclusively to the indicated Income Eligible Buyer(s)at an Affordable Sale Price: Number of Lots Income Eligible Buyers Credits Earned per Unit 5 No more than 80%AMI 1.0 1 No more than 100%AN1I 0.5 The calculations above are pursuant to HCC Sectionl 1-5(d)(2). A. The designated Affordable Lots shall be acceptable to and approved by the Housing Administrator in writing prior to the sale of market finished lots. B. The designated Affordable Lots shall be of comparable area(square feet) as the market lots,and be completed with road access drainage, water, electricity, sewer 5 - 3258pkrr lines, if required, and telephone,and shall not have unusual site conditions that make it difficult to build a home. C. If the designated Affordable Lots on the Project site are intended to be developed and marketed in more than one development phase,then at least twenty percent 20%)of the lots offered in each phase shall be designated as Affordable Lots. D. Developer may subsequently change the Affordable Lot designation within a Phase if acceptable to and approved by the Housing Administrator and meets all of the requirements outlined in Section B. Changes to the Affordable Housing Lot designation shall not be unreasonably withheld. Any subsequent change to the Affordable Lot designation will be approved in writing. 3. Sale of Affordable Lots. Developer shall comply with the procedures and guidelines outlined by OHCD in relation to the sale of the Affordable Lots. All sales of the Affordable Lots will include a Warranty Deed rider that will outline the affordability period and resale restrictions as required by Chapter 11 and the Housing Administrator. 4. Timeline. If Developer is not able to obtain excess credits as outlined in Option 1,the Developer shall complete the construction of the Project,and sell the Affordable Lots to Income Eligible Buyers within five(5)years from the date of execution of this Agreement. Developer can request an extension of this timeline, subject to the approval of the Housing Administrator. If an extension is granted, such extension will be memorialized in an amendment to this Agreement. IV. General Terms That Apply to This Agreement 1. Completion of Performance; Release. Completion of performance ofthe affordable housing requirements requires the construction and sale of the twenty-seven(27)finished housing lots. Upon satisfaction, a Release of the Agreement or Partial Release of this Agreement, as applicable, shall be executed by the parties hereto and filed by the Developer with the Bureau of Conveyances,or with the Land Court of the State of Hawai`i, as applicable, within thirty(30)days of execution. 6- 3258pkrr 2. Changes in Development Plans. Any change in the development plans may change the number of excess credits or finished housing lots required to fully satisfy the affordable housing requirements of the Project located at TMK: (3)2-4-080:013. If the development plans for the Project located at TMK: (3)2-4-080:013 change,Developer will renegotiate the terms of satisfying the affordable housing requirements and agree to the amendment of this Agreement as necessary to comply with the Code, any and all applicable rules,regulations,policies,procedures, rulings or other official statements pertaining to the implementation of HCC Chapter 11. 3. Amendment. The Developer agrees that it will take all actions necessary to effect amendment of this Agreement as may be necessary to comply with the Code, any and all applicable rules, regulations,policies,procedures,rulings or other officials statements pertaining to the implementation of Chapter 11,the Affordable Housing Policy, as may be amended. 4. Termination. Immediately upon termination,lapse, disapproval or revocation(as applicable)of Developer's final subdivision approval,or plan approval,this Agreement shall,without further action on the part of any party hereto,terminate and be of no further force or effect. 5. Breach; Enforcement of Restrictions. Developer acknowledges that the purpose of this agreement is to ensure compliance of the Project and Developer with Chapter 11, Affordable Housing Policy, and the applicable rules and regulations. BY REASON THEREOF, THE OWNER HEREBY AGREES,THAT ANY BREACH OF THE AFFORDABILITY PROVISIONS, IF OPTION 2: SALE OF AFFORDABLE LOTS IS REQUIRED,THE COUNTY AND ANY INDIVIDUAL WHO MEETS THE REQUIREMENTS OF AN INCOME ELIGIBLE BUYER SHALL BE ENTITLED,IN ADDITION TO ALL OTHER REMEDIES PROVIDED BY LAW OR IN EQUITY, TO ENFORCE SPECIFIC PERFORMANCE BY THE DEVELOPER UNDER THIS AGREEMENT IN A COURT OF COMPETENT JURISDICTION. The Developer 7- 3258pkrr hereby further specifically acknowledges that the beneficiaries of the Developer's obligations hereunder cannot be adequately compensated by monetary damages in the event of any default hereunder. In the event the designated Affordable Lots are not sold at the Affordable Sale Price as indicated in this agreement,the County shall have the right to: i) require the Developer to remit to the County all proceeds above the delineated Affordable Sale Price for the designated Affordable Lot(s), such proceeds will go to the Affordable Housing Production Fund;or ii) enforce specific performance of the sale of an unsold market finished lot at the Affordable Sale Price to an Income Eligible Buyer following the procedures and restrictions outlined by OHCD; or iii) purchase from the Developer any unsold market finished lot, equivalent to the designated Affordable Lot(s)that was not sold at the Affordable Sale,for a purchase price of ONE AND NO/100 DOLLARS ($1.00). 6. Recordation. This Agreement shall run with the land and be binding upon and inure to the benefit of the parties hereto,and their respective successors and assigns. This Agreement shall be recorded against the land by the Developer at the BOC or with the Land Court of the State of Hawaii as applicable,within thirty(30) days after being fully executed by the parties. The parties agree to take such actions and execute whatever other documents as are necessary to effectuate and carry out the intent of this Agreement. 7. Agreement Binding Upon Successors. This Agreement shall run with the land and be binding upon and inure to the benefits parties hereto,their respective successors and assigns. Any subsequent owner of all or any portion of the Project shall,without any further action being required, assume all obligations of the Developer hereunder. 8. Prior Agreements. This Agreement supersedes all other agreement and understandings whether oral or written)made heretofore or contemporaneously herewith by the parties g- 3258pkrr on the subject matter hereof. The provisions of this Agreement may not be modified, altered, or changed except by another written instrument executed by the parties hereto. 9. Entire Agreement. This Agreement constitutes the entire agreement between the parties and integrates all of the terms and conditions mentioned herein or incidental hereto and supersedes all negotiations or previous agreements between the parties regarding all or any part of the subject matter thereof. Each party to this agreement acknowledges that no representations, inducements,promises or agreements,orally or otherwise,have been made by any party,or anyone acting on behalf of the party,which are not embodied herein, and that any other agreement, statement, or promises not contained in this Agreement shall not be valid or binding.This Agreement may only be amended by written instrument signed by both the County and Owner. 10. Records Availability and Retention. Developer shall submit any information, documents, or certifications requested by OHCD as deemed reasonably necessary to substantiate the Developer's continuing compliance with the provisions this Agreement. Developer will retain all records pertaining to the compliance of this Agreement for ten(10) years after full release from this Agreement. 11. Severability. If any term, provision,or covenant of this Agreement is held by a court of competent jurisdictions to be invalid,void or otherwise unenforceable,the remaining terms,provisions,and covenants of this Agreement shall remain in full force and effect and shall in no way be affected, impaired, or invalidated. 12. Fair Housing. Notwithstanding anything else herein, the Developer agrees to comply fully with the requirements of the Fair Housing Act as it may from time to time be amended. 13. Governing Law. The Agreement shall be governed and construed in accordance with the laws of the State and County of Hawaii. No action or proceeding involving this Agreement shall be commenced by either party except in the Circuit or District Courts of 9- 3258pkrr the Third Circuit, County of Hawai`i, State of Hawaii; nor shall any action commenced in such court be removed or transferred to any other state or federal court. 14. Notices and Demands. All notices to be given pursuant to this Agreement shall be in writing and shall be deemed given when mailed by certified or registered mail,return receipt requested,to the parties hereto at the addresses set forth below,or to such other place as a party may from time to time designate in writing. To the County: Housing Administrator Office of Housing and Community Development 1990 Kino'ole Street, Suite 102 Hilo, Hawai`i 96720 To the Developer: MAILANI DEVELOPMENT LLC. P.O. Box 6211 Hilo, Hawai`i 96720-8924 ATTN: Charles Daniel Umemoto The OHCD and the Developer may,by notice given hereunder, designate any further or different address to which subsequent notices,certificates or other communications shall be sent. 15. Ethical Considerations. It is mutually agreed that as a condition of this Agreement,neither the Developer nor any subcontract consultant shall employ in his performance any person, either on a part-time or on a full-time basis,for the performance of any of the work required or contemplated by this Agreement who is an employee of the County of Hawaii during the period of this Agreement without an advisory opinion from the County of Hawai`i Board of Ethics confirming there is no conflict of interest with such employment. lo- 3258pkrr 16. No Party the Drafter. The parties agree that no party shall be deemed to be the drafter of • this Agreement,and further that in the event this Agreement is ever construed by a court of law, such court shall not construe this Agreement or any provisions of this Agreement against any party as the drafter of this Agreement. 17. Title of Articles and Sections. In this Agreement,the headings are inserted for convenience,reference,and identification purposes only, and shall neither control, define, limit,alter,nor affect the matters contained in this Agreement or the paragraphs which they head. 18. Counterparts. This instrument may be executed in two or more counterparts,and when all counterparts have been executed,each counterpart shall be considered an original but when assembled shall constitute one and the same instrument and shall have the same force and effect as though all of the signatories had executed a single signature page. Any unexecuted duplicate pages may be omitted from the assembled original document. THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 11 - 3258pkrr IN WITNESS WHEREOF,the parties have executed these presents on the date and year first above written. RECOMMEND APPROVAL: COUNTY": COUNTY OF HAWAII By: Susan K. Kunz LEE E. L ? Housing Administr Its: Managing Director Office of Housing and Community Development Dated: 1 / ( I 31' Dated: 92A APPROVED AS TO FORM DEVELOPER": AND LEGALITY: Mailani Development LLC A Hawai'i Limited Liability company 1. (1(/' By: Syl a an Deputy Corporation Counsel Print: cak.. Office of the Corporation Counsel County of Hawai`i Its: -A. er2.... Dated: al Dated: to, av1.3 12- 3258pkrr STATE OF HAWAI`I SS. COUNTY OF HAWAII On this 21 st day of September, 2023,before me personally appeared LEE E. LORD, to me personally known,who,being by me duly sworn, did say that he is the Managing Director of the County of Hawai`i, a municipal corporation of the State of Hawaii,that the foregoing instrument was signed on behalf of the County of Hawai`i by authority given to said Mayor of the County of Hawai`i by Sections 5-1.3 and 13-13 of the County Charter, County of Hawai`i 2018), as amended, and assigned by the Mayor to the Managing Director pursuant to Section 6- 1.3(h) of the County Charter; and said LEE E. LORD acknowledged said instrument to be the free act and deed of said County of Hawai`i. anflk-e* 0` 11111w% Signature AMBER K.S.KEPOO i"4-.a Print or Type Name tP. e u . Notary Public, State of Hawai`i ko My Commission Expires: 04/01/26 NOTARY CERTIFICATION Doc. Date: undated No. of Pages: 16 Notary Name: AMBER K.S.KEPOO Third Circuit Affordable Housing Doc.Description: Agreement Comm. Exp. 04/01/26 0\t1111 i11//l1 o gg 45 • Y'd 1;•S 09/21/23 i //1111i10s`:Notary Signature Date STATE OF HAWAI'I ss. COUNTY OF HAWAI'I On this o9sU day of Skit,.,2023, before me personally appeared amtv(e5 umen^°{o mh!/r of Vki I akti l ° n,e ti..UC ialo eornpa"yNUNaHawaiil,Hi1ed to me personally known, who, being by me duly sworn or affirmed,did say that such person(s)executed the foregoing instrument as the free act and deed of such person(s), and if applicable in the capacity shown,having been duly authorized to execute such instrument in such capacity. 2'f NO-ftRY n 5-PUBNo _ * ; Name: rac . Yam uchi No. 87-10 . Notary Public, State of Hawai`i My commission expires:P`(-2.024 NOTARY CERTIFICATION Doc. Date: u.hd.a.44 No. of Pages: l5 Notary Name: Tracy M. Yamaguchi Comm. Exp. 11-14-2024 Doc. Description: AFFORDABLE Circuit: Third HOUSING AGREEMENT TAX MAP KEY NO.: (3)2-4-080:013 G , .rp•4.G itipY SEP202023 Notary gna a Date No. 87-10 14— 3258pkrr fl!/ STATE OF HAWAII EXHIBIT A:Fee Simple Title 1 `l* BUREAU RECORDEDCONVEYANCESsss, March 04,2010 10:45 AM x, Doc No(s)A-70020785 11111111111111 lW LESUE T.KOSATA REGISTRAR 1 1/1 KEG Conveyance Tax: $490.00 9-33294563 i LAND COURT SYSTEM REGULARRJYSTEM Return by Mail® Pickup 0 To: Nakamoto Okamoto Yamamoto(11Y) 187 Kapiolani Street Hilo HI 96720 TITLE OF DOCUMENT: DEED I PARTIES TO DOCUMENT: Grantor;CHARLES DANIEL UMEMOTO, single, and AUDREY YUMIKO TERADA, single,both of whose address is P.O. Box 6211,Hilo, Hawaii 96720; Grantee:MAILANI DEVELOPMENT LLC, a Hawaii limited liability company, whose address is P.O.Box 6211,Hilo,Hawaii 96720 Affects TMK(3)2-4-080-013 This document contains 10 pages l Ch,nuWncnwro\201921J1Dm1 DEED KNOW ALL MEN BY THESE PRESENTS: That CHARLES DANIEL UMEMOTO,single,and AUDREY YUMIKO TERADA, single,both of whose address is P.O.Box 6211,Hilo,Hawaii 96720,hereinafter called the Grantors, for and in consideration of the sum of ONE AND NO/NO DOLLAR($1.00)and other valuable consideration,to them in hand paid by MAILANI DEVELOPMENT LLC,a Hawaii limited liability company,whose address is P.O.Box 6211,Hilo,Hawaii 96720,hereinafter called the Grantee,the receipt whereof is hereby acknowledged,has sold and by these presents does hereby bargain,sell,assign,convey and transfer unto the said Grantee,as tenant in severalty,all of his right,title and interest in the property described in Exhibit A attached hereto and by reference made a part hereof. TOGETHER,with all and singular the improvements,tenements, rights,easements, privileges,hereditaments and appurtenances thereunto belonging,or in anywise appertaining, and the reversion and reversions, remainder and remainders,rents,issues and profits thereof. TO HAVE AND TO HOLD the same unto the said Grantee,its successors and assigns, forever. And the said Grantors do hereby covenant to and with the said Grantee,its successors and assigns,that they are seized in fee of the said granted premises; that they have good right and lawful authority to sell and convey the same,that the same is free and clear of encumbrance of every kind and character,save and except as noted on said Exhibit A;and that they will and their heirs and assigns shall WARRANT and DEFEND the title thereto against the lawful claims of all persons whomsoever. 2 CuenisW mem30120I9213WOCd IN WITNESS WHEREOF,the said Grantors have hereunto set their hands on this 14th day of February,2019. CH DANIEL UMEMOTO Grantor A REY YUMIKO TERADA Grantor 3 CltemsUl memoto20192I Mod STATE OF HAWAII SS: COUNTY OF HAWAII ) On this 14'h day of February,2019,before me personally appeared CHARLES DANIEL UMEMOTO, to me personally known, OR whose identity I proved on the basis of OR whose identity I proved on the oath/affirmation of a credible witness, who,being by me duly sworn or affirmed,did say that such person executed the foregoing instrument as the free act and deed of such person and if applicable in the capacity sh• . n,having been 1 authorized to execute such instrument in such capacity. Date f nt: Or —Undated at um or notarization J red I Y amoto ripti n of Document: Deed from CHARLES DANIEL Notary Public,State of Hawaii UMEMOTO and AUDREY YUMIKO My commission expires:7/4/2019 TERADA to MAILANI DEVELOPMENT LLC; affectin TMK 3 2-4-080-013 Seal) Third Judicial Circuit No.of Pages: 10 L , c - 4 cticnu'Umemoto 2Ot92 tuc eed STATE OF HAWAII SS: COUNTY OF HAWAII ) On this 14th day of February,2019.before me personally appeared AUDREY YUMIKO TERADA, to me personally known, OR whose identity I proved on the basis of OR whose identity I proved on the oath/affirmation of. a credible witness, who,being by me duly sworn or affirmed,did say that such person executed the foregoing instrument as the free act and deed of such person and if applicable in the capacity sho having been duly authorized to execut such instrument in such capacity. D79y1rnent.ff Undntcd at Umc of notarinuw Je .1 amoto Dri iof Document: Deed from CHARLES DANIEL Notary Public,State of Hawaii UMEMOTO and AUDREY YUMIKO My commission expires: 7/4/2019 TERADA to MAILANI DEVELOPMENT LLC;affecting TMK(3) 2-4-080-013 Seal) Third Judicial Circuit No. of Pages: 10 5 Cla:eu'Umemoto120192I)\Deed XXHIBIT A All of that certain parcel of land (being portion of the land described in and covered by Land patent Grant Number 11,636 to Yoshitska Kudo and Shisuko Kudo, husband and wife, as Tenants by the Entirety) situate, lying and being at Waiakea, District of South Rilo, Island and County of Hawaii, State of Hawaii, described as follows: Beginning at the northwest corner of this parcel of land, being the north corner of Lot 4 and being also the southeast corner of Lot 66, Ahuaiani Subdivision", Unit I, Pile Plan 1453, the coordinates of said point of beginning referred to Government Survey Triangulation Station "HALM" being 14,145.37 feet south and 257.61 feet east, thence running by azimuths measured clockwise from true Souths 1. 265° 40'303.70 feet along Lot 23, Mailani Street and Lot 22 of "Ahueleni Subdivision", Unit I, File Plan 1453; 2. 355° 40'911.90 feet along Lots 75, 64, 63, 56, 55, 48, 47 and 40 of "Hoomalu Street Subdivision"; 3. 85' 40' 400.55 feet along Lot 1 and Lot 2; 4. Thence along Lot 4, on a curve to the right with a radius of 30.00 feet, the chord azimuth and distance being: 130° 40' 42.43 feet; 5. 175' 40'408.86 feet along Lot 4; 6. 265° 40'126.85 feet along Lot 4; 7. 175' 40'473.04 feet along Lot 4 to the point of beginning and containing an area of 7.631 acres, more or less. TOGETHER WITH the following described easements: A) EASEMENT "D" (for roadway purposes) , being portion of Lot 1, being also a portion of Grant 11,636 to Yoshiteka and Shisuko Kudo. of Waiakea Homesteads, Second Series, situate at Melaka*, South Hilo, Island of Hawaii, Hawaii. Beginning at the northeast corner of this easement parcel and being the southwest corner of Lot 3, the coordinates of said point of beginning referred to Government Survey Triangulation Station 6 CbeaulUmcmom 201921JUaoed SALAZ" being 15,031.71 feet south and 629.4i feet east, thence running by azimuths measured clockwise from true South: 1. 355' 40' 50.00 feet along Lot 40, Me Street and Lot 39 of "Hoomalu Street Subdivision": 2. 85' 40' 303.70 feet along the remainder of Lot 1; 3. 355' 40' 50.00 feet along Lot 2; 4, 265' 40' 303.70 feet along Lot 3 to the point of beginning and containing an area of 0.349 acre, more or less. 8) EASEHBNT "2" (for roadway purposes), being portion of Lot 2. being also a portion of Grant 11,636 to Yoshitaka and Shizuko Xudo, of Xaiakea Homesteads, Second Series, situate at weiakea, South Hilo, Island of Hawaii. Hawaii. Beginning at the southeast corner of this easement parcel, being the south corner of Lot 1 and on the north side of Haihai Street, the coordinates of said point of beginning referred to Government Survey Triangulation Station "HALM" being 15,987.42 feet south and 300.13 feet east, thence running by azimuths measured clockwise from true South: 1. 85' 40' 110.00 feet along Kaihai Street: 2. Thence along the remainder of Lot 2, on a curve to the left with a radius of 30.00 feet, the chord azimuth and distance being: 220' 40' 42.43 feet; 9. 175' 40' 818.10 feet along the remainder of Lot 2; 4. Thence along the remainder of Lot 2 on a curve to the Left with a radius of 30.00 feet, :he chord azimuth and distance being: 130' 40' 42.43 feet; 5. 85' 40' 220.71 feet along the remainder of Lot 2; 6. 355' 40' 50.00 feet along Ahe Street; 7. 265' 40' 427.65 feet along Lot 4 and Lot 3; 8. 175' 40' 50.00 feet along Lot 1; 9. 85' 40' 96.85 teat along the remainder of Lot 2: 7 chcn,sNlniemoto110192131Datd 10. Thence along the remainder of Lot 2, on a curve to the loft with a radius of 30.00 feet, the chord azimuth and distance being: 40' 40' 42.43 feet; 11. 35S' 40' 818.10 fest along the remainder of Lot 2 and Lot 1; 12. Thence along Lot 1, on a curve to the left with a radius of 30.00 feet, the chord azimuth and distance being: 310' 40' 42.43 feet to the point of beginning and containing an area of 1.516 acres, more or less. C) EASEMENT "G" (for roadway purposes), being portion of Lot 4, being also a portion of Grant 11,636 to Yoshiteka and Shizuko Kudo, of Naiakea Homesteads, Second Series, situate at Waiakes, South Kilo, Island of Hawaii, Hawaii. Beginning at the north corner of this easement parcel, being the southwest corner of Lot 66, "Ahualani Subdivision", Unit I, File Plan 1453 and being also the southeast corner of Kikaha Street, the coordinates of said point of beginning referred to Government Survey Triangulation Station "(ALAI" being 14,154.95 feet south and 131.18 feet Beat, thence running by azimuths measured clockwise from true South: 1. 355' 40' 881.90 feet along the remainder cf Lot 4 and Lot 3; 2. Thence along Lot 3, on a curve to the left with a radius of 30.00 feet, the chord azimuth and distance being: 310' 40' 42.43 feet: 3. 85' 40' 110.00 feet along Lot 21 4. Thence along the remainder of Lot 4, on a curve to the left with a radius of 30.00 feet, the chord azimuth end distance being: 220' 40' 42.43 feet; 5. 175' 40' 861.90 feet along the remainder of Lot I; 6. 265' 40' 50.00 feet along Kikaha Street to the point of beginning end containing an area of 1.053 acres, more or less. SUBJECT. HOWEVER, to the following: 8 ChcautUmcmao1201921 Mad 1. EASEMENT "B" (3.00 feet wide for waterline purposes) as described in WARRANTY DEED of SHIZUKO KUDO, unmarried, dated December 23, 1986, recorded in Libor 20380 at Page 160, said easementea=sc described as follows: EASEMENT "B" 3.00 feet wide for waterline purposes) Being a portion of Lot 3, Being also a portion of Grant 11,636 to Yoshitaka and Shiauko Kudo Waiakes Homesteads, Second Series asiakea, South Hilo, Island of Hawaii, Hawaii Beginning at the northeast corner of this easement parcel, being the southwest corner of Lot 22, "Ahualani Subdivision", Unit I, File Plan 1453 and being also the southeast corner of Mailani Street, the coordinates of said point of beginning referred to Government Survey Triangulation Station "AALAI" being 14,132.01 feet south and 434.01 feet east, thence running by azimuths measured clockwise from true South: 1. 35S' 40' 3.00 feet along the remainder of Lot 3s 2. 85' 40'13.00 feet along the remainder of Lot 3; 3. 175' 40' 3.00 feet along the remainder of Lot 3: 4. 265' 40' 13.00 feet along Mailani Street to the point of beginning and containing an area of 34 square feet, more or less. 3. EASEMENT "P" (for roadway purposes) as described in WARRANTY DEED of SSIEUKO KUDO, unmarried, dated December 23, 1986, recorded in Libor 20380 at Page 160, said easement described as follows: EASEMENT *P" for roadway purposes) Being a portion of Lot 3, Being also a portion of Grant 11,636 to Yeah/take and Shisuko Kudo Walakaa Homesteads, Second Series Waiakea, South Silo, Island of Hawaii, Hawaii Beginning at the north corner of this easement parcel, being the southwest corner of Lot 22, "Ahualani Subdivision", Unit I, Tile Plan 1453 and being also the southeast corner of Mailani Street, the coordinates of said point of beginning referred to Government Survey Triangulation Station 611Ar.ai" being 14,132.01 feet south and 434.01 9 Chent4UlnenatoU20192I3 Deed feet east, thence running by azimuths measured clockwise from true South: 1. 355' 40' 881.90 feet along the remainder of Let 3; 2. Thence along the remainder of Lot 3, on a curve to the left with a radius of 30.00 feet, the chord azimuth and distance being: 310' 40' 42.43 feet; 3. 85' 40'110.00 feet along Lot is 4. Thence along the remainder of Lot 3, on a curve to the left with a radius of 30.00 test, the chord azimuth and distance being: 220' 40' 42.43 feet; 5. 175' 40' 881.90 feet along the remainder of Lot 3, 6. 265' 40' 50.00 feet along N4ailani Street to the point of beginning and containing an area of 1.055 :oozes, more or less. BEING THE PREMISES ACQUIRED BY QUITCLAIM DEED TO TRUST GRANTOR : FREDERICK T. XVDO and JANICE W. J. KUDO, husband and wife GRANTEE FREDERICK T. KUDO and JANICE W. J. KUDO, as Trustees of The Frederick T. Kudo and Janice W. J. Kudo Family Revocable Living Trust dated February 22, 2017 DATED February 22, 20L7 RECORDED Document No. A-62760885 10 clrcnt,w,nemoto11019213Weni