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SECTION 5. Chapter 19, article 8, section 19-60, of the Hawaii County <br /> Code 1983 (1995 edition), is amended to read as follows: <br /> Section 19-60. [Reserved.] Commercial Agricultural Use Dedication. <br /> (a) A special land reserve is established to enable the owner of anv parcel of <br /> land, or lessee of a recorded agricultural lease with a minimum of five <br /> years remaining on the lease at time of petition, to dedicate his or her land <br /> for a specific commercial agricultural use dedication, and to have his or <br /> her land assessed its value in such use for a period of ten vears, or in the <br /> case of a recorded agricultural lease the term of the lease up to ten vears, <br /> provided: <br /> (1) The land dedicated for commercial activity must be used on a <br /> continuous and regular basis for intensive agriculture. orchards. <br /> feed crops and fast rotation forestro or pasture and slow rotation <br /> forestry and have a minimum lot size per farm operation for that <br /> dedicated category of commercial activity as provided for in the <br /> administrative rules and regulations of the department; and <br /> (2) The land is within the County zoned district of agricultural, <br /> residential and agricultural, family agricultural. intensive agricultural. <br /> agricultural project district. or anv other Countv zoned district <br /> meeting with the approval of the director of planning <br /> <br /> (b) The owner of land under the 20-year agricultural dedication at Julv 1.2003 <br /> may continue to be assessed at fifty percent of its agricultural use value <br /> and shall be subject to the conditions and provisions of the effective <br /> commercial agricultural use dedication. <br /> <br /> (c) Determining Agricultural Use Value. <br /> (1) In determining the value of lands which are classified and used for <br /> commercial agriculture use, consideration shall be given to rent. <br /> productivity, nature of actual commercial agricultural use, the <br /> advantage or disadvantage of factors such as location. <br /> accessibility, transportation facilities, size. shape, topography. <br /> quality of soil, water privileges, availability of water and its cost. <br /> easements and appurtenances. and to the opinions of persons who <br /> may be considered to have special knowledge of land values. <br /> (2) Four general agricultural categories shall be used in determining <br /> the value of lands which are dedicated for commercial agriculture: <br /> 15 <br /> <br />