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been shaped by the State's law of property - i.e., whether and to what degree the <br /> state's law has accorded legal recognition and protection to the particular interest <br /> in land with respect to which the takings claimant alleges a diminution in (or <br /> elimination of) value. <br /> 505 U.S. at 1016, n.7. Several lower federal and state courts have dealt with the issue. Thus, <br /> <br /> both Florida Rock Industries, Inc. v. United States, 18 F.3d 1560 (Fed. Cir. 1994) and Loveladies <br /> Hazbor, Inc. v. United States, 28 F.3d 1171 (Fed. Cir. 1994) discuss the denominator issue in the <br /> context of denials of section 404 (Clean Water Act) dredge and fill permits issued by the Army <br /> Corps of Engineers. In Loveladies, the court considered only 12.5 of plaintiff's 250 acres, <br /> <br /> holding ultimately that the Corps effectively denied the landowner all economically beneficial <br /> use and so was liable for the difference in value with ($2.7 million) and without ($12,500) the <br /> <br /> permit. To the same effect is Palm Beach Isles Assoc. v. United States, 208 F.3d 1374 (Fed. Cir. <br /> 2000) in which the court held the relevant parcel for regulatory takings analysis was 50.7 acres <br /> rather than 311 acres owned by the plaintiff landowner. Similarly in East Cane May Associates <br /> v. State, 693 A.2d 114 (N.J. Super. Ct. App. Div. 1997) the court held that the denominator <br /> would not include adjacent property subdivided and sold many years prior to the enactment of <br /> the present regulations denying use. To the same effect, Animas Valley Sand and Gravel Inc. v. <br /> Board of County Commis, 8 P.3d 522 (Col. Ct. App. 2000), where the court accepted as the <br /> <br /> relevant parcel only landowner's 33 acres designated in a river corridor district, rather than all of <br /> plaintiff's adjoining property as well. <br /> D. It is Possible That Various landowners in the County have changed positions <br /> based upon existing zoning, putting in infrastructure and subdividing their land in <br /> the investment-backed expectations generated by existing County land use <br /> regulations and therefore have vested rights to proceed with construction of <br /> additional dwellings. <br /> The doctrine of vested rights is designed to protect property owners from a change in the law <br /> which would otherwise render a land development project or construction illegal, which was <br /> otherwise legal when commenced. The landowner has a vested right to continue such a project if <br /> the landowner has expended money in reliance on the existing land use controls in effect at the <br /> time the project or construction is commenced. Virtually any governmental action approving the <br /> commencement of a project will do, except that in Hawaii if there is still a discretionary permit <br /> outstanding -such as a shoreline management permit -the landowner's right to proceed does <br /> not vest until that last discretionary permit is issued. Most courts having considered the matter <br /> agree that approval of a subdivision plat or plan vests such rights. See, e.g., Youngblood v. <br /> Board of Supervisors of San Diego County, 586 P.2d 556 (California 1978). <br /> It may well be that many landowners have spent money in reliance on their existing zoning <br /> classifications to install infrastructure necessary for the construction of dwelling units on their <br /> land. Others may have expended funds for the subdivision of their lands in similaz reliance on <br /> existing zoning. These owners need only a building permit under existing zoning to construct <br /> houses on their infrastructured and subdivided land in order to construct additional dwelling <br /> units. Under Hawaii law, with no additional discretionazy permits (preliminary subdivision plat <br /> 9 <br /> <br />