COM 0024.018 2012-2014 - Laserfiche WebLink

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Mr Price stated • Wanted to follow up on that because when he first went to work for the County he questioned why there was no income approach • It took him almost a year and a half to get the document • The Judge's decision was pretty much based on dust one very small portion and it seemed like all of the rest of the Counties then decided why go through the expense or why do that approach because now we're going to have to teach our staff or we're going to have to do this or that • They all just said we're not going to do the income approach • Never heard of that before • Talked a number of times to Mr Sitko before when employed there and that is the only place that didn't use the income approach and wasn't sure why • Wanted to find out what Code change Mrs Crawford is referring to Mrs Crawford responded that it is the Hawaii County Code Mr Price questioned if the department wanted to change the entire Code and for what reason? Mrs Crawford responded • Chapter 19 specifically states as to what approaches are to be used • The department would like to add the income approach to that c Mr Sitko stated • In Chapter 19, specifically 19-53, it states that value is by using market and costs • It omits income which is what the whole decision was revolved around. • It is Chapter 19 that needs to be changed because by the Constitutional amendment this rules Mr Onishi noted that every committee member has a binder that contains a copy of Hawaii County Code Chapter 19 Ms Wille questioned • If they were all in favor of tentatively showing their recommendation to include an income approach subject to further research from the Department of Finance as to what would be involved and what the impacts are • Asked if the members were in favor of proceeding with this Mr Hussey responded • If it is feasible for the County to come back with the types of definitions that have been discussed, a proposal as to a Code change and the specific elements of the income approach which need to be put in place to make it work • Also with a recommendation for any costs involved as there may or may not be additional costs because there is going to be work eliminated and there is going to be work added - 11 -