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MtY O/~ <br /> Harry Kim ~ ~ William Takaba <br /> Mnyar g' D4rectar <br /> NancyE' Crawford <br /> ip., e•'~ Depu~"Directar <br /> >i of wiiM <br /> W <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Stree[, Room 118 • Hilo, Hawxif 96720 <br /> (808) 961-8234 Fax (808) 961-8248 <br /> August 29, 2007 <br /> Pete Hoffmann, Chairperson and <br /> Members of the Hawaii County Council <br /> Hawaii County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> Re: Amendment to the Hawaii County Code <br /> Enclosed is a bill for an ordinance amending Chapter 19, Article 1, Section 19-53(a) of the <br /> Hawaii County Code 1983 (2005 Edition, as amended), relating to Real Property Tax <br /> Valuations. <br /> The Waikoloa Workforce Housing project is a County supported housing project created using <br /> a land trust model and including certain restrictions designed to maintain perpetual <br /> affordability. Market data and cost approaches which incorporate comparison with the <br /> surrounding Waikoloa area will not be appropriate for this project, so special valuation <br /> consideration is requested. The purpose of this measure is to amend Section 19-53(a) to <br /> provide for special consideration in determining the values of properties in the Waikoloa <br /> Workforce Housing Project, due to its unique characteristics. <br /> If there are any questions, please do not hesitate to call Wesley Takai, Real Property Tax <br /> Administrator. <br /> h, <br /> William~~~ <br /> Director of Finance <br /> APPROVED: <br /> Harry Kim <br /> <br /> ~ Mayor S <br /> Comm. No. <br /> Enc. Ref. To: <br /> Ref. Uate $EP <br /> cc: Wes Takai, RPT <br /> ~~yy ee ~t HawaYi County is an Equal Opportunity Provider and Employer <br /> PVW ( 1~~ <br /> <br />