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E KOMO MAI (Welcome) New Homeowners!

A very warm ALOHA from the Board Members of your Kepuhi Beach Resort Association.

We welcome you into the o'hana (family) of Kepuhi Beach Resort Owners (also known as Kaluakoi Resort). As a new Owner, we're sure that you probably have many questions. We hope that this letter will help to answer some of them.

HISTORY: The Louisiana Land Corporation started Kaluakoi
in 1977. Of the 300 units on property, 150 belonged to the hotel
and 149 units (ours) were privately owned but still operated by
the hotel. Sheraton very successfully managed the hotel for the
first 10 years. Tokyo Kosan then bought the hotel and Colony Hotels
ran the day-to-day operation. The hotel began to go down hill. At
this time, some of the private units formed their own rental pool
called "The Villas". Tokyo Kosan was unsuccessful in running
the business and the complex fell into disarray. The hotel closed,
as well as the restaurant and golf course. Most of the jobs on the
west end were lost. The 149 private units continued to operate,
some with "The Villas" and others on their own. In 2002
Molokai Ranch bought the property and has since upgraded some of
the infrastructure. As an Association, we have a cross easement
with the Ranch to use their pool and other agreements for electricity,
water, and other fixed costs.

WORKING STAFF: Our working crew is located in unit # 1171,
808-552-2313 (The Office Hours are Monday-Friday 8am-4pm). Jeff
Herman and Chris Nartatez, Franklin Augustiro, Jr. and Ivan Kawamae
are also part of our full-time Maintenance Crew and Hermino Antolin
assists with the grounds on a part-time basis. The staff is on site
from 8am to 4pm. Although they may be hired during their off-hours
at the established rate of $18/hour for your personal projects,
we ask that you DO NOT approach them while they are "on-the-clock."
Contact them individually to arrange a convenient time for your
projects, again, during "off hours." If you have suggestions
and/or concerns that pertain to the complex in general (maintenance,
landscape concerns, roofs, etc.), please put them in writing
and leave with the Kepuhi Beach Resort/Property Manager between
8-8:30a.m. or 12-12:30p.m., or put in the mailbox outside of the
office. The office will remain locked when the staff is out working
on the grounds and various projects.

SECURITY: Rodney Cacpal is in charge of our securityand assisted
by Franz Langer. Days and Hours vary. Security Phone: 808-336-1903.
If you have Resort concerns or observe a disregard of House Rules,
call security. If you have a police or fire concern, call 911.

You will want to know . . .

BUILDINGS: The inside of your unit is your
responsibility and the outside is the Association's responsibility.
The cost for the repair of louvers, etc. (part inside part outside)
will be split half and half between the Owner and the Association.
Contact Dale
Matlock for buildings related issues.

BULLETIN BOARD: There is a bulletin board on the lanai of #1171 where our Kepuhi Beach Resort office is located. Owners can advertise units for sale, miscellaneous items, etc. We also put up notices for "potlucks" during the winter months.

EXPENSES: The Association goes to great lengths to keep our expenses down. We ask your help to conserve water and electricity (i.e., repair your leaky faucets & running toilets promptly; turn off lights, TV's, fans, etc. when not in use).

FEES & BILLINGS (Homeowner Maintenance Fees - Locker Rentals - Assessment Billings): Castle Resort is our operating agent and manages our billings For billing related questions, contact Castle at 1-800-447-8461 or via email rcarpio@castleresorts.com

FINANCIAL STATUS: Due in part to an excellent management team, we have a considerable reserve fund. It is our intent to add to this each year. Our dues are the lowest of the three complexes in the area.

HOUSE RULES: In addition to topics that we have covered in
this letter, please refer to our House Rules,
as all Owners are expected to be in compliance. If you do not have
a copy, stop by the office during the above hours (8-8:30am and
12-12:30pm) and pick one up.

KEYS: Please leave a front door key with the Kepuhi Beach
Resort/Property Manager so he can get into your unit in case of
an emergency and also so the "Pest Control Service" can
spray quarterly for bugs. If we do not have a key and must gain
access to your unit, we will obtain entry by whatever means are
necessary and you will be responsible for any repairs needed.

LANAIS: Please do not hang any items on or over your lanai
railing. Refer to the Policies Page in the House
Rules section for what is currently not permitted on the lanai.

LANDSCAPING: We have a committee that works with the Crew on landscaping. ALL decisions about landscaping start here. Contact Bob Hagler (see Board Members page for other contact options). Our objective is to make the complex as lush and green as possible with the given water restrictions.

LOCKERS FOR RENT: We have both large and small locker units
that are available for rent @ $8, $16, or larger "doubles" for $24.
If you are interested, please contact Connie
Fox to check availability and/or to have your name placed
on the waiting list.

MAIL: The resort will not accept your personal mail. Please have your mail sent c/o General Delivery at either the Maunaloa or Kaunakakai Post Offices, or, obtain a Post Office box at either location for your use and that of your renter's. There may be a considerable waiting list.

MEETINGS: The Board has its annual meeting the second weekend
of November. At this time we have a Homeowner's Forum, Board business,
Golf Tournament and Annual Dinner. The weekend is a great opportunity
to get to know other owners and learn about the workings of the
Association. Prior to the November meeting, we will be asking you
for proxies so as to have a quorum at the meeting to conduct necessary
Association business and elect future Board Members. Please be sure
to respond to our letter with your proxy. In the spring, usually
March, there is another Board Meeting. This is more of a working
meeting pertaining to the running of the complex. You are welcome
to attend any and all of the meetings.

POOL: We use the pool via a cross-easement agreement with
the Ranch. The pool is for the use of Kepuhi Beach Resort owners
and renters only. Guests are not allowed.

REMODELING YOUR UNIT: Be sure to submit your proposed project in writing (via email or mail) to Jeff Kent to get board approval before you remodel.
For additional information, please see the Policies Page.

RESORT ADDRESS: In 2005, the Owner's voted to rename our resort to Kepuhi Beach Resort, in an effort to differentiate from the other two Kaluakoi Resort Properties, (Ke Nani Kai and Paniolo Hale).

The Resort Address is: 1171 Kepuhi Place, Maunaloa, HI. 96770.
This address is only to be used for receipt of items delivered via
UPS, Fed Ex or DHL ONLY if you are on the property
to receive such items. Should you wish to ship personal items to
the Property, or are in need of a physical address for your unit,
please use the following:

M/M Owner, (your unit #)
Kepuhi Beach Resort
Kepuhi Place
Maunaloa, HI. 96770
RUBBISH: Remember
to take your garbage etc. to the parking lot dump area. Break
down boxes etc. to conserve space in the dumpster boxes. If you
want to recycle, there is a recycle center at the Landfill on
the way into town. They take aluminum, newspapers, bottles, and
cardboard. If you haven't been there, it's an experience! A receptacle
next to the dumpster is available for cans and bottles on which
a deposit has been paid. It is not a recycle bin.
RESORT WEBSITE: Our website, www.kepuhi.com, was designed
to benefit our Homeowners with the dissemination of information/articles
about our Resort, Island news, upcoming events & meetings, places
to go, etc. Take a peek - it looks great! We hope that you will
visit it frequently for updates!


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