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Form B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Finance DATE: 08/22/07 <br /> STAFF CONTACT: Wes Takai PHONE: x8286 <br /> A. REQUEST: <br /> Amend Section 19-53(a) to allow special consideration in valuation of properties within the Waikoloa Workforce <br /> Housing project, due to their unique characteristics. <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> The Waikoloa Workforce Housing project is a County supported housing project created using a land trust model <br /> and including certain restrictions designed to maintain perpetual affordability. Market data and cost <br /> approches which incorporate comparison with the surrounding Waikoloa area will not be appropriate for this <br /> project, so special valuation consideration is requested. <br /> <br /> SIGNED: ~ DATE: 3~~+ <br /> _Department ead <br /> <br />