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Print Page 1 of 1 <br /> bYom: Council Testimony (counciltestimony ~r co.hawaii.hi.us) <br /> To: hawaiicountycouncil~uyahoo.com <br /> Date: Tuesday, October 16, 200'7 8:24?5 AM <br /> Subject: FW: Planning Committee, Bill 182, conditional support <br /> From: Charles Flaherty [mailto:oneheart@abha.net] <br /> Sent: Monday, Qcbober 15, 2007 11:30 PM <br /> <br /> To: councilbestimony@co.hawaii.hi.us <br /> Cc: Ford, Brenda ;Hoffmann, Pete ;Ikeda, Donald ;Jacobson, Bob ; Higa, Stacy ; Naeole, Emily ;Pilago, K. <br /> Angel ; Yagong, Dominic ; Yoshimoto, J <br /> Subject: Planning Committee, Bill 182, conditional support <br /> Aloha mai Chairman Pilago and members of the Planning Committee, <br /> I support Bill 182, provided that language is added to this bill to assure: <br /> 1) rents for all units shall remain at 80°k of median income in perpetuity, <br /> 2) the price for all units shall not exceed affordable to households earning SO°~ of median income <br /> should these units be converted to condominiums, <br /> 3) that, in the event that the units are converted to condominiums, the resale price shall be limited to a <br /> 3% rate of return on original sales price for each unit. <br /> Mahalo, <br /> Charles Flaherty <br /> Comm. Na rIOD.S <br /> Ref. Ta <br /> Ref• Dare nrT ~ a 2007 <br /> <br />