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Lynn F. Wolfe, 75-5865 Walua Rd E633, Kailua Kona HI 96740 808-295-5109 - dreamtime(a~hawaii.rr.com Concerns and Suggestions for Bill No. 55 Draft 2 and the District Plan Bill No. 55 Draft 2 SECTION 1. Purpose. A business district typically taxes only commercial business within a defined area. It does not tax (assess) residential properties. A community improvement district is used to tax and to provide services to residential areas. The hallmazk of a special tax district is that those being taxed receive a direct benefit from the district. As proposed the Kailua Village Business Improvement District No. 1 does not meet the direct benefit criteria when it comes to the residential areas of the proposed district. A suggestion is to do away with Zones 1 and 2 and only assess commercial business within the proposed district's boundary. Residential properties, including vacation and long term rentals, second homes, owner occupied condos and grivate homes, would not be assessed. SECTION 2. Establishment of District No. 1. #4 "proposed district ...automatically renewed" Suggestion: Afler ten years the proposed district must be reauthorized by vote of the council or those persons being taxed "all debt service on bonds aze fully paid" Can the proposed district issue bonds? See SECTION 2. (8) "No bonds will be issued EXHIBIT "A" KAULUA VILLAGE BUSINESS IMPROVEMENT DISTRICT PLAN 2. The District Association and District Boazd b) Suggestion: State in Bill 55 or the Plan that the Board will be elected by a direct vote of the fee simple owners and lessees who have property is the proposed district. Currently this is only stated in the Bylaws which can be altered at arrytime. The rules for the election of the board was just changed last Friday. b) ii) Must the Mayor and Councilmember or their representatives own for lease property in the proposed district to be eligible to vote as a board member? See Corporat law Comm. No. • Ref. To• tea w-tc.;l Ref. Date 5 2007