1. What is the Ohana Farm Parcels Condominium project?

For purposes of this Questions and Answers document, the term “Condominium Project” will refer to the existing Ohana Farm Parcels Condominium project, and the term “Project” will refer to the Developer’s proposed redevelopment of a portion of the Condominium Project. The Project, if developed, will remain a part of the Condominium Project and will be governed by the documents governing the Condominium Project, as may be amended.

2. Who is the Developer of Ohana Farm Parcels Condominium?

Helemano Ranch & Farms LLC is the Initial Developer of the Ohana Farm Parcels Condominium project. As mentioned above, Savio Growth Ohana Farms LLC desires to redevelop an approximately 222 acre portion of the existing Condominium Project and, in connection with the development of the Project, the Developer will assume the role of developer for the Project and the Condominium Project. Savio Growth Ohana Farms LLC is an entity controlled by Peter Savio.

3. How many units will the Developer offer for sale in the Project?

At this time, the developer intends to offer for sale units containing an aggregate land area of approximately 222 acres and 111 farm lots. This may change in the future.

4. What are the sizes of the fee simple farm units in the Project?

The present lots are 10 acres or more. The condominium documents will be amended by new Developer, Peter Savio so there are smaller lots.

The size of the individual units have not yet been determined. However, developer currently intends to offer units of sizes varying between approximately 2 and 5 acres. If you are interested in a unit larger than 5 acres, please contact a sales agent for further information.

5. What Real Estate company is selling units in the Project?

Savio Realty Ltd has been hired by the Developer to assist Developer with the sale of units in the Project.

6. How do I register my interest in acquiring a fee simple unit in the Project?

Fill out and turn in an Advertising Survey and someone from the sales team will contact you regarding next steps.

7. What is the zoning for the project?

The Project is located in the Agricultural State Land Use District and is zoned AG-1.

8. What is the Tax Map Key (TMK) for Ohana Farm Parcels Condominium?

The Condominium Project was developed on land designated as Tax Map Key Numbers (1) 6-4-003-017 and (1) 6-4-004-010. However, once the Condominium Project was created, the entire Condominium Project was consolidated under Tax Map Key Number (1) 6-4-003-021. Each unit within the Condominium Project (including any units developed as part of the Project) is assigned a unique CPR identified that will be part of the Tax Map Key Number for the individual units.

9. Will I be able to park my vehicles on the project roads?

No. Your cars, trucks and equipment will need to be parked within your unit.

10. Will roads be improved?

Roads will not be improved with asphalt, concrete or other semi-permanent materials. Main roads easements are 48 feet wide, but present road is 24 feet with recycled cold plane for trucks and compacted dirt for tractors. There are some side roads already installed and a few new ones will be added. These side roads will be 24 feet wide and will be recycled cold plane.

11. Is water available?

Yes, it’s R1 water, which is good for all types of plants and vegetation.

12. Is there an irrigation plan?

Yes, there is. Irrigation plan can be found on the condominium map once it is completed.

13. Will my unit have a water meter?

The Developer will provide water pipes up to each unit. Developer will also provide risers. The farmer is responsible to buy a water meter and have it installed at farmer’s expense. The AOUO will provide the water meter specifications. Farmers will be billed separately for water usage.

14. Will there be a Plantation Camp in the Project?

Developer intends to reserve a portion of the Project for the potential development of a Plantation Camp. However, development of a Plantation Camp will require discretionary approvals from one or more governmental agencies and Developer is under no obligation – and does not guaranty – that a Plantation Camp will be developed or pursued in connection with the development of the Project. Even if a Plantation Camp is ultimately permitted within the Project, owners (and not the Developer) of the Plantation Camp units will be responsible for the construction of any improvements related to such units.

15. Timeframe to get a condominium property regime approved (CPR)?

The Condominium Project already exists and the Initial Developer has registered the Condominium Project with the Real Estate Commission. However, before Developer can sell or offer to sell any units within the Project, the condominium documents for the Condominium Project will need to be amended, the new units created as part of the Project will need to be registered with the Real Estate Commission under a developer’s public report, and the Real Estate Commission will need to issue an effective date for the developer’s public report. At this time, Developer does not currently have a timeline for when these conditions will be completed.

16. When will I be able to reserve my fee simple unit?

The Initial Developer and Developer are currently in discussions regarding Developer’s desire to redevelop a portion of the Condominium Project and the terms and conditions under which the Initial Developer will permit the Developer to do so. At this point, the Developer is only seeking to gauge potential purchaser’s interest in the Project before moving forward with the development work required to develop the Project and is not issuing reservations of specific units within the Project. The sales team will contact those who have registered their interest in the Project once unit reservations are available.

17. What company will be managing the property? Who is the property manager?

Professional Island Management
1451 S. King Street, Suite 409
Honolulu, Hawaii 96814
Telephone: (808) 536-3020

Property Manager:
Clarence Lopez
Mobile: (808) 284-1612
E-Mail: clarence@pimhawaii.com

18. Will there an escrow company?

Developer intends to utilize Title Guaranty Escrow Services, Inc. as the escrow company for closing on the sale of units in the Project.

19. What is the AOUO?

AOUO is a condominium term and it stands for the Association of Unit Owners. The Association of Unit Owners is responsible for administration of the common areas of the Condominium Project and enforcing the project documents. The Association of Unit Owners is governed by a Board of Directors consisting of owners of units in the Condominium Project who have been elected by a vote of all the owners. Think of the AOUO Board of Directors as the “City Council” for the Ohana Farm Parcels Condominium.

20. When will the Association of Unit Owners have its first meeting?

Pursuant to the condominium law, the first meeting of the Association of Unit Owners must be held within 180 days after recordation of the first unit conveyance provided that 40% or more of the project has been sold and recorded; and if 40% of the project is not sold and recorded at the end of one year after recordation of the first unit conveyance, an annual meeting shall be called if 10% of the unit owners so request.

The first unit conveyance for the Condominium Project occurred over a year ago but less than 40% of the project has beensold and recorded. As such an annual meeting can be required if 10% of the unit owners request.

21. Will there be a Resident Manager?

The Condominium Project does not currently have a Resident Manager, and the Developer does not plan to have a Resident Manager as part of its development of the Project.

22. What is included in the maintenance fee?

Generally, included in the maintenance fees are common area maintenance, insurance, reserves and property management fee.

23. Will financing be available for the purchase?

Cash purchasers are always welcome. Developer is working on lining up lenders for this project. Since many people have had their equity increase in their homes, an equity loan might be a way to finance the purchase of a unit in the Project. Each condominium unit will have a separate tax map key and may qualify for the government farm loan program. Developer does not guaranty that a purchaser, the Project or any specific unit in the Project will qualify for financing, and it is up to each individual purchaser to determine whether financing will be available and whether the purchase can afford such financing.

24. What is the commission policy?

A two percent (2%) commission will be paid to Co-operating Brokers at closing of sale through escrow for properly registered clients.