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<br /> <br /> <br /> r <br /> <br /> <br /> <br /> <br /> Resolution No. 381 06 <br /> June 19, 2006 <br /> Page Two <br /> <br /> <br /> <br /> Secondly, without a mandated time frame to adopt the Kona Community <br /> Development Plan by ordinance allows what amounts to a building moratorium <br /> to go on indefinitely. We urge this Council to consider the outcomes this <br /> resolution could potentially produce including decreased housing inventory, <br /> escalated land prices, and growth in outlying communities, all of which only <br /> serve to exacerbate the very issues that resolution No. 381 06 is seeking to <br /> address. <br /> <br /> Finallv, the Hawaii Countv Charter Section 3-15, from which the General <br /> Plan emerged as a major policy document, states in part that the plan shall be <br /> designed to assure the coordinated development of the county and to promote <br /> the general welfare and prosperity of its people. Real Estate and home <br /> construction are some of the prime economic drivers of our Big Island economy <br /> accounting for approximately 35% of Big Island jobs. Passage of this resolution <br /> has the potential to significantly handicap our local economy. <br /> We oppose this resolution and ask that the County Council to consider the <br /> disproportionate economic impact of such an idea. <br /> <br /> <br /> <br /> Respectfully Submitted, <br /> <br /> <br /> <br /> Greg rChun, Ph.D. <br /> South Kona Land Owners <br />