IMPORTANT MESSAGE FROM THE PRESIDENT – February 24, 2017
Option to Purchase Lot 1A
ON BEHALF OF THE BOARD OF DIRECTORS
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 individual owner.
The whole landscape barrier belongs to Lot 1A.