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All parcels entering this class [aftef Janttafy 1, 2004,] shall have the <br /> assessed value as of January 1 of the following year and be subject to the <br /> above provisions." <br /> SECTION 2. Material to be repealed is bracketed and stricken. New material is <br /> underscored. In printing this ordinance, the brackets,bracketed and stricken material, <br /> and underscoring need not be included. <br /> SECTION 3. Severability. If any provision of this ordinance, or the application thereof <br /> to any person or circumstance, is held invalid,the invalidity does not affect other provisions or <br /> applications of the ordinance which can be given effect without the invalid provision or <br /> application, and to this end the provisions of this ordinance are severable. <br /> SECTION 4. This ordinance shall take effect upon its approval and shall be <br /> repealed on June 30, 2028. <br /> INTRODUCED BY: <br /> UNCIL MEMBER, COUNTY OF HAWAI`I <br /> OUN L MEMBER, COUNTY OF HAWAI`I <br /> Hawaii <br /> Date of Introduction: <br /> Date of 1st Reading: <br /> Date of 2nd Reading: <br /> Effective Date: <br /> HEFERM Comm, 593 <br /> 2 <br />