MLP signs non-binding MOU with County of Maui to sell water infrastructure assets

MAUI LAND & PINEAPPLE CO INC

MOU covers Honokōhau Ditch System, Puʻu Kukui Watershed (8,661 acres), four Honokōwai wells, three Honolua wells, and reservoir site.
Purchase price to be set by formal appraisals; no estimate available yet. County Council approval required.
County would acquire non-water assets including Mokuʻula land, Kahana roadway, and sites for police/fire stations.
Deal would increase public stewardship of West Maui drinking water from 45% to 93%; supports housing development on MLP land.
MOU is non-binding; definitive agreements still to be negotiated; no assurance of final transaction.

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