Kihei Kai Nani AOAO

Lot 1A Purchase Option

IMPORTANT MESSAGE FROM THE PRESIDENT – February 24, 2017 Option to Purchase Lot 1A  ON BEHALF OF THE BOARD OF DIRECTORS OF THE ASSOCIATION OF APARTMENT OWNERS OF KIHEI KAI NANI ALOHA, FELLOW OWNERS: As you are aware, Victory Development Nani Loa LLC announced its intention to develop a 39-unit hotel complex on the property directly above our property (“Lot 1A”), including a plan to use our parking lot for construction traffic, and for its utilities, as well as for long-term access for the hotel occupants. The construction and long-term use of the hotel complex would seriously harm our property and each