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<br /> <br /> <br /> <br /> <br /> <br /> L466~mSTP!?O <br /> • r C <br /> 75-143 Hual alai Road, Suite 202 <br /> Kailua-Kona, Hawaii 96740 <br /> (808) 326-4675 Fax (808) 329-3779 <br /> alan (ndwestorodev. com <br /> <br /> <br /> WRITTEN TESTIMONY OF ALAN DICKLER IN OPPOSITION TO RESOLUTION 381-06 <br /> JULY 19, 2006 <br /> <br /> While it would be easy to dismiss this testimony because we are developers, please understand <br /> that first and foremost we are residents living in Kona and we experience the same frustration as <br /> the public in general. However we do not believe the proposed resolution is the prudent route to <br /> any solution to the on going problems of traffic or affordable housing. <br /> This Council has made great strides with the amendment to Chapter 25 with respect to Affordable <br /> Housing in early 2005. The benefits to the Community are just now starting to manifest <br /> themselves in new projects and responsibilities to developers planning new projects. One of the <br /> key ingredients to making Chapter 25 work is the ability of Affordable developers to sell credits <br /> to offset construction costs. With the potential of no new projects having the responsibility to <br /> provide qualified units there will be less opportunity for Affordable developers to make economic <br /> sense of building new housing. <br /> <br /> Secondly, as all of you are painfully aware, the process to get from conception to construction is <br /> arduous, costly and time consuming. Some affordable projects are just now ready to come before <br /> the County for approval that will get unnecessarily delayed if this action is implemented. <br /> Finally, the business community in general depends on both local and national banks to finance <br /> day to day operations. The passage of this resolution by the Council or continued discussions that <br /> are perceived as anti-business will have detrimental effects on the ability for business to get <br /> favorable financing from institutions because of the perceived additional risk to business. <br /> <br /> Thank you for the opportunity to submit this testimony. I am available to discuss any of these <br /> points with you. <br /> <br /> Alan Dickler <br /> President <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Comm. No. 21.41 1 <br /> Ref. To, Pro$ !n4 <br /> Ref. Date N 19 <br />