BEGIN:VCALENDAR PRODID:-//Hawaii Public Meetings and Events Calendar//111285675//EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT DTSTAMP:20261025T200634Z DTSTART:20260909T110000 DTEND:20260910T000000 SUMMARY:OHA Investments and Land Management Committee UID:20261025T200634Z-uidGen@fe80:0:0:0:410:d2ff:fefd:e5dd%ens5 TZID:HST LOCATION:Virtual Meeting and at Nā Lama Kukui 560 N. Nimitz Hwy\, Honolul u\, HI 96817 DESCRIPTION:
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  1. Call to Order \;
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  1. Approval of Minutes from the Committee on Inve stment and Land Management \;
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\n< p class="MsoListParagraphCxSpFirst" style="mso-add-space: auto\; text-in dent: -.25in\; line-height: normal\; mso-list: l1 level2 lfo2\; margin: 0in 0in 0in 1.0in\;">A. \;& nbsp\; \; August 26\, 2026

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 \;III.& nbsp\; \; \; \; \; \; \; \; \; Status of OHA Activities

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A. Informational briefing by OHA Land Division\, Peregrine Rea lty Partners\, Inc.\, and AEA Consulting on the feasibility study for a proposed Native Hawaiian Cultural Center at Kakaʻako Makai.

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B. Native Hawaiian Trust Fund (NHTF) Investment Portfolio Review - Fiscal Year Ended June 30\, 2026 by Investment Division.

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\n< p class="MsoListParagraphCxSpMiddle" style="mso-add-space: auto\; line-h eight: normal\; margin: 0in 0in 0in 53.25pt\;">C. Announcement a bout the upcoming Hawaiʻi Community Development Authority (HCDA) Kakaʻak o Makai Scenarios Workshop on September 19\, 2026 by Land Division.

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D. Informational briefing by the Administration on the Operating Agreeme nts for Hi'ilei Aloha LLC and Hi'ipaka LLC and possible amendments relat ed to the member's powers and authorities in relation to the OHA Board o f Trustees.

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IV. \;  \; \; \; \; Executive Session§\;

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A. \; Discussion regarding the Operating Agreements for Hiʻilei Aloha LLC and Hiʻipaka LLC\, including the member's powers and authorities in rela tion to the OHA Board of Trustees and possible amendments to the Operati ng Agreements. The Committee anticipates convening in an executive meeti ng pursuant to HRS §\; 92-5(a)(4) to consult with its legal counsel regarding questions and issues pertaining to the Board&rsquo\;s powers\, duties\, privileges\, immunities\, and liabilities concerning this matt er.

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B. Discussion and consultation regarding $127\,500 for Phase II due diligen ce activities (financial\, operational and asset) associated with the po tential acquisition by the Office of Hawaiian Affairs (OHA) of KITV\, In c. and KIKU\, LLC\, including related assets\, real property interests\, broadcast licenses\, and transaction matters\, from the Allen Media Gro up.

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 \;The Committee anticipates deliberating and consulting with OHA&rsquo\;s attorneys rega rding confidential due-diligence activities for the potential acquisitio n opportunity\, including acquisition and transaction strategy\, negotia tion-related matters\, and the Committee&rsquo\;s and Board&rsquo\;s pow ers\, duties\, privileges\, immunities\, and liabilities\, pursuant to H RS §\;§\; 92-4\, 92-5(a)(3)\, and 92-5(a)(4).

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C. Discussion and Consultation Regarding Phase I Due Dilige nce for the Proposed Transfer of Kāneiʻolouma Heiau Complex\, Kōloa\, Kauaʻi\, to the Office of Hawaiian Affairs. The Committee anticipates convening in executive session pursuant to HRS §\;§\ ; 92-5(a)(3) and (4) to deliberate concerning the authority of persons d esignated to negotiate the acquisition of public property and to consult with its legal counsel regarding the Board&rsquo\;s powers\, duties\, p rivileges\, immunities\, and liabilities with respect to Phase I due dil igence\, further due diligence\, and OHA&rsquo\;s position regarding the proposed transfer of Kāneiʻolouma Heiau Complex from the County of Kaua ʻi to OHA.

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D.  \; Approval of Executive S ession Minutes from the Committee on Investment and Land Management

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1. Aug ust 26\, 2026

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V.  \; \; \; \;&nbs p\; \; \; \;  \;New Business

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A. Action item IL M#26-08: \; App roval to authorize and expend $127\,500 for Phase II due diligence activ ities (financial\, operational and asset) associated with the potential acquisition by the Office of Hawaiian Affairs (OHA) of KITV\, Inc. and K IKU\, LLC\, including related assets\, real property interests\, broadca st licenses\, and transaction matters\, from the Allen Media Group.

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B. Action Item ILM #26-09: Approval of up to an additional $50\,000 for Phase 2 due diligence activities for the proposed transfer of Kāneiʻolouma He iau Complex\, Kōloa\, Kauaʻi\, to the Office of Hawaiian Affairs\, in fu rtherance of Action Item ILM #25-03.

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VI.  \; \; \;&nb sp\; \; Adjournment

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  1. Call to Order&n bsp\;
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  1. Approval of Minutes from the Committee on Investment and Land Management \;
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A. \; \; \; Augu st 26\, 2026

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 \;III. \; \; \; \; \; \; \; \;  \; Status of OHA Activ ities

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A. Informational briefing by OHA Land Divisio n\, Peregrine Realty Partners\, Inc.\, and AEA Consulting on the feasibi lity study for a proposed Native Hawaiian Cultural Center at Kakaʻako Ma kai.

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< strong>B. Native Hawaiian Trust Fund (NHTF) Investment Portfoli o Review - Fiscal Year Ended June 30\, 2026 by Investment Division.

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C. Announcement about the upcoming Hawaiʻi Community Development Authori ty (HCDA) Kakaʻako Makai Scenarios Workshop on September 19\, 2026 by La nd Division.

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D. Informational briefing by the Administration on the Operating Agreements for Hi'ilei Aloha LLC and Hi'ipaka LLC and possible amendments related to the member's powers and authorities in relation t o the OHA Board of Trustees.

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IV. \;  \; \;& nbsp\; \; Executive Session§\;

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A.&nb sp\; Discussion regarding the Operating Agreements for H iʻilei Aloha LLC and Hiʻipaka LLC\, including the member's powers and au thorities in relation to the OHA Board of Trustees and possible amendmen ts to the Operating Agreements. The Committee anticipates convening in a n executive meeting pursuant to HRS §\; 92-5(a)(4) to consult with i ts legal counsel regarding questions and issues pertaining to the Board& rsquo\;s powers\, duties\, privileges\, immunities\, and liabilities con cerning this matter.

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B. Discussion and consultation regarding $127\,500 for Pha se II due diligence activities (financial\, operational and asset) assoc iated with the potential acquisition by the Office of Hawaiian Affairs ( OHA) of KITV\, Inc. and KIKU\, LLC\, including related assets\, real pro perty interests\, broadcast licenses\, and transaction matters\, from th e Allen Media Group.

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&n bsp\;The Committee anticipates deliberating and consulting with OHA&rsquo\ ;s attorneys regarding confidential due-diligence activities for the pot ential acquisition opportunity\, including acquisition and transaction s trategy\, negotiation-related matters\, and the Committee&rsquo\;s and B oard&rsquo\;s powers\, duties\, privileges\, immunities\, and liabilitie s\, pursuant to HRS §\;§\; 92-4\, 92-5(a)(3)\, and 92-5(a)(4).

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C. Discussion and Consultation Regarding P hase I Due Diligence for the Proposed Transfer of Kānei< strong>ʻolouma Heiau Complex\, K ōloa\, Kauaʻi\, to the Office of Hawaiian Affairs. The Committee anticipates convening in executive session pursuant to HRS §\;§\; 92-5(a)(3) and (4) to deliberate concerning the autho rity of persons designated to negotiate the acquisition of public proper ty and to consult with its legal counsel regarding the Board&rsquo\;s po wers\, duties\, privileges\, immunities\, and liabilities with respect t o Phase I due diligence\, further due diligence\, and OHA&rsquo\;s posit ion regarding the proposed transfer of Kāneiʻolouma Heiau Complex from t he County of Kauaʻi to OHA.

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D. \; Approv al of Executive Session Minutes from the Committee on Investment and Lan d Management

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1. August 26\, 2026

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V.  \; \;& nbsp\; \; \; \; \; \;  \;New Business\n

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A. Action item ILM#26-08: \; Approval to authorize and expend $127\,500 for Phase II du e diligence activities (financial\, operational and asset) associated wi th the potential acquisition by the Office of Hawaiian Affairs (OHA) of KITV\, Inc. and KIKU\, LLC\, including related assets\, real property in terests\, broadcast licenses\, and transaction matters\, from the Allen Media Group.

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B. Action Item ILM #26-09: Approval of up to an additional $ 50\,000 for Phase 2 due diligence activities for the proposed transfer o f Kāneiʻolouma Heiau Complex\, Kōloa\, Kauaʻi\, to the Office of Hawaiia n Affairs\, in furtherance of Action Item ILM #25-03.

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VI.  \;  \; \; \; \; Adjournment END:VEVENT END:VCALENDAR