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Way back when in 1977 and 1978 when the first SMA permit was granted, it was granted for the
<br /> entire resort. And accompanying that was all zone changes. There was a major amendment as the
<br /> staff pointed out in 1991, I think so, when the amendment to the SMA permit came about to
<br /> incorporate the area mauka of the Kings Trail,but it still used the same basic SMA permit.
<br /> I think that you know if you look back in 1978 or even in 1971, at that point in time, if, if the
<br /> County already had what is called the Project District Ordinance, you know,that provision in the
<br /> works, then the entire resort would have been rezoned to Project District. But Project District
<br /> was only like a recent vintage and Project District is really intended to,to have master plan-type
<br /> of zoning as opposed to zoning by specific metes and bounds it became an issue, and so, if we
<br /> had a Project District that accompanied the SMA permit in 1977 and also in 1991, actually
<br /> maybe we'd never need to come before this commission, you know for these different things,but
<br /> then again, good things happen. And I think, as a result of having to go back to the commission,
<br /> and also to the County Council with this series of amendments, the applicant, the landowner, and
<br /> I think, as pointed out by Cary, you know they created this foundation. They created a novel way
<br /> wherein you can have a development fund the foundation that would be for the betterment.Not
<br /> necessarily of only the workers, you know within the resort,but the entire community, and I
<br /> think that's, that's very novel.
<br /> The other thing is that,notwithstanding there, Waikoloa Land satisfying they're affordable
<br /> housing requirement way back in 1977, '78. They said, "You know what? We're going to give up
<br /> 25 acres of chunk real estate, and we're going to set it aside for work, workforces, workforce
<br /> housing."And he said, you know, this is what they want to do this is really like the last
<br /> component of the Waikoloa resort and in addition to the projects, you have the Foundation, you
<br /> have the workforce housing, and now you have a complete, complete resort with a funding
<br /> mechanism to see it in perpetuity.
<br /> We have other consultants available, as well as those who have given presentations, so we're
<br /> totally welcoming any questions that commissioners or the staff may have. Thank you very
<br /> much.
<br /> KERN: Mr. Chair,we're not hearing you right now. You're unmuted, but there's something
<br /> going on.
<br /> VITOUSEK: [Inaudible]
<br /> KERN: We heard you very lightly there,but you're really far in the distance it sounds like
<br /> something's going on with the mic.
<br /> VITOUSEK: Okay. Maybe if, Mr. Fuke, can you try to mute? Is that better?
<br /> KERN: That's good.
<br /> VITOUSEK: Yeah, I think we're getting some feedback from your [inaudible].
<br /> JACKSON: Mr. Fuke, I'm going to mute you just for a minute. I think we're getting feedback.
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<br /> EXHIBIT D
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