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Economic <br /> • For small businesses, which are the source of most business growth, quality of life and <br /> customer proximity are the two most important factors in their relocations, with open <br /> space/parks/recreation at the top of the list for quality of life.°'S If you want to ensure <br /> economic growth and promote business, fund open space. Please see the 21 references, <br /> provided in May 4 testimony, for studies and information from around the country that detail <br /> how open space is a very wise financial investment for communities. <br /> Open space decreases and prevents crime, reducing public safety costs; decreases the cost of <br /> infrastructure and reduces the need for some infrastructure; and decreases health care costs, <br /> while subsidizing other land uses. <br /> I am forvvarding this data to the Mayor as well to assist him in feeling comfortable in knowing <br /> that Bill 78 will diminish costs and public safety and infrastructure needs while ensuring reliable <br /> revenue to fund public safety and infrastructure, including roads. <br /> There were several comments made during the last reading that we had time to study options, <br /> perhaps a charter amendment or different funding mechanism. I want to re-iterate, we really do <br /> need to pass this Bill now. And here is just one example why. A private in-holding on the <br /> Kohala Coast, within the boundaries of Lapakahi State Park, a parcel with outstanding cultural <br /> and archeological sites went up for sale a few days before the last reading. The state park has <br /> expressed interest in acquiring the land and even holding/managing it. Last year this landowner <br /> expressed interest in working with the community to provide access. However; because of an <br /> immediate, need for funding for his business in California, the owner is selling now and may not <br /> be able to wait for those of us in Kohala to raise the needed $2.9 million to purchase this 17 <br /> acres of important ocean-front land. He and the realtor are certainly open to purchases for <br /> conservation and open space purposes. But they cannot wait long. If we had a dedicated <br /> funding source it is likely we could have acquired the property or could have at least secured an <br /> option to buy while we raise the needed funds and/or secured federal dollars that require a local <br /> match to assist with purchases. This land should be part of the state park. If we are not able to <br /> raise the funds quickly for this land it will be gone in the next one to three months and either <br /> fenced off with one or two houses or more expensive to purchase from the next landowner. <br /> I think the private philanthropic study that Dr. Holschuh has funded will be helpful tool, <br /> especially if it identifies specifically who and how much individuals are willing to pay. <br /> Experience from around the country has shown us that private funding is often an important <br /> component of open space purchases, but it is rarely the primary funding source. And as the <br /> Trust from Public Lands stated, private funding is usually the last piece that comes into play. <br /> We want to encourage and invite private funding and I know that the study funded by Council <br /> Member Holschuh will assist with that. But it is clear that public funding is needed to get the ball <br /> rolling, to lay the foundation so private funders feel confident in investing in open space. We <br /> cannot wait nor depend on private funding. We must pass BiII 78 now. Nor can we wait or <br /> depend on the County to pass special appropriations, parcel by parcel, nor can we wait or <br /> depend on the Administration to negotiate with individual landowners for all of our open space <br /> needs. <br /> Lastly, I want to acknowledge that I saw and heard heart felt support for the intent of this Bill, <br /> even from members who disagreed with aspects of the mechanics of the Bill. I have supplied <br /> data and reports that address the economic and financial concerns stated during the last <br /> reading of this Bill. I hope this makes it easier for Council Members who voted against it two <br /> <br /> weeks ago to now support this bill with a positive vote. <br /> Page 3 of5 <br /> <br />