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CLARKSON: Is—we've had several applications for rezone where a basic part of the rezone is <br />speculation, and it's an integral part of the rezone. A person that owns property and gets a <br />rezone from say Ag -3, we just had one, to RS -10, is going to sell portions of that rezone to <br />developers who are going to actually put in the roads, the water, the power, the lots, develop the <br />lots. They're not going to do it all themselves. So, I don't understand how this anti -speculation <br />thing is going to be in the General Plan, is reconciled with what actually happens on the ground <br />when there is a rezone for residential development. <br />DARROW: Yeah, it's a tough question to answer, but I think we're not looking at something <br />like that. I think again, I think it's clearly where somebody is coming in with the intention, they <br />have no intention to develop. The case that you're speaking about was such a large project that it <br />would have to include multiple developers. So, in that case, that is understandable. I think we're <br />speaking about somebody that clearly comes in and their purpose is to get the approvals to be <br />able to turn around and sell it and make money and increase the cost of the overall development <br />which is passed on to the people buying. Thank you. <br />CLARKSON: Any further questions for staff? [None.] <br />The discussion ended at 11:52 a.m. <br />Respectfully submitted, <br />Sarah Y. Hata-Finley, Secretary <br />Windward Planning Commission <br />EXHIBIT D <br />16 <br />