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<br /> Ashford & Wriston 5/1/2007 8:12:25 AM PAGE 001/002 Fax ;ie:rver ~/~~-L~ <br /> r ~ <br /> ~na~op <br /> ~/.11/ ~r~'.',~~ <br /> !ha Fonrrn for CamrnCrti¢l Real EJf¢f0 <br /> Nnl(IP H¢auli <br /> P.0 3ox.IL01 <br /> Honolulu, k:a~+ai19GS,0G <br /> Telephone: (808) 845994 Fex: (808) 847-6575 E-mail: barbioQnniephnwail.org--Web site: <br /> www nai0nhaweii.nr¢ <br /> r-. <br /> i <br /> ^.I <br /> May 1, 2007 <br /> s~ <br /> V F <br /> ~ piRST CLA$$_MAII, <br /> The Honorable Pete Hoffman, v <br /> Chair and Presiding Member ~ <br /> T3awaii County Council <br /> 333 Kilauea Avenue <br /> Hilo, Hawaii 96720 <br /> Re: Testimony in Opposition to Bill No. 156, "An Ordinance Amending Chap,rr 11 <br /> (Housing), Article 1, Section 11-4(D), Hawai9 County Code 1983 (2005 ]:d liar.) to <br /> Include Affordable Housing Requirements for Industrial Park Dovelopmer.ts' <br /> Dear Chair Hoffman: <br /> My name is Jun Met, and I am submitting this testimony on behalf of the Hawaii . chef ter <br /> of the National Association of Office and Industrial Properties (NAIOP Hawaii). NAIOF' Hawt~ii <br /> is an association of Hawaii property owners, managers, developers, financial instituticas utd real <br /> estate related professionals who are involved in the areas of commercial and industria'. e<:,l1 <br /> estate. <br /> As we have expressed in previous testimony to the Council, we have serious cut: ens <br /> about Bili No. 156. Summarizing our concerns, we think this bill will have a negative impact ern <br /> job creation, especia]]y industrial jobs, as the monetary requirements will make it ver}' di'ficua <br /> for anyone to consider creating an industrial park on the Island of Hawaii. The result wil be In <br /> discoumgo investment and job creation in the county, es well as not creating the anticipat ad <br /> revenue for affordable housing, <br /> Per these reasons, wa again encourage the Council not to pass this bill. <br /> 383759.01 COlllfll: IVO: zo~• <br /> Ref. To; eseato uncrJ <br /> Ref. Date MIIY 1 2-~~ <br /> <br />