  We study the planar $3$-colorable subgroup $\mathcal{E}$ of Thompson's group
$F$ and its even part $\mathcal{E}_{\rm EVEN}$. The latter is obtained by
cutting $\mathcal{E}$ with a finite index subgroup of $F$ isomorphic to $F$,
namely the rectangular subgroup $K_{(2,2)}$. We show that the even part
$\mathcal{E}_{\rm EVEN}$ of the planar $3$-colorable subgroup admits a
description in terms of stabilisers of suitable subsets of dyadic rationals. As
a consequence $\mathcal{E}_{\rm EVEN}$ is closed in the sense of Golan and
Sapir. We then study three quasi-regular representations associated with
$\mathcal{E}_{\rm EVEN}$: two are shown to be irreducible and one to be
reducible.
