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<br /> The Honorable Pete Hoffman <br /> August 17, 2007 <br /> Page Two <br /> As a matter of basic fairness, a costly and unforeseen affordable requirement should not be <br /> imposed on a fully entitled project already under development like our Wehilani project. Exactions <br /> that legitimately and appropriately address project impacts should be imposed as explicit, upfront <br /> conditions to obtaining entitlements at State land use and/or County re-zoning. Knowing what the <br /> rules and requirements are at an early date fairly allows developers to plan and design feasible <br /> projects and to be able to obtain financing and invest substantial sums in reliance on the upfront <br /> requirements. Subdivision and/or other county permitting are traditionally a ministerial and <br /> regulatory process, late in the overall process, to insure compliance with subdivision, grading and/or <br /> building codes and requirements. Changing the rules at that late date could unfairly render projects <br /> not feasible afrer substantial investment. <br /> We respectfully request your consideration to not override the Mayor's veto of <br /> Bill 112. <br /> Thank you for allowing us to share our views with you. We thank you for your careful <br /> consideration of this request. If there are any questions, please call me at (808) 548-4863 or Bruce <br /> Barrett, Executive Vice President, at (808) 548-3746. <br /> Sincerely, <br /> CASTLE & OOKE HOMES HAWAII, [NC. <br /> Harry A. Saunders <br /> President <br /> Attachment <br /> copy: Mayor Harry Kim w/attachment <br /> <br />