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YATES: Under Department, I mean, you know, State of Hawaii.
<br /> MASON: But the County
<br /> YATES: Now
<br /> MASON: —collects—
<br /> YATES: now, if we are looking at doing hotels and, but when it comes under primary airports,
<br /> that's when you can build other things at the airport? Is that, how is it governed, as well as taxes?
<br /> When you say it's going to help us with taxes, I don't know how that happens
<br /> MASON: Property
<br /> YATES: this island
<br /> MASON: property
<br /> YATES: —goes to the State, so I'm not understanding how taxes are going to help us as a county.
<br /> So I'm just wondering, you know, there seems to be a lot of different things like who's going to
<br /> determine, who's going to take care, what airport comes in there, how many airports come there, you
<br /> know, those kinds of things. And, for yourself and for Mr. Wong Yuen, do you folks currently work
<br /> for the State? Are you, you have an entity that you folks are, come under that, you know, where
<br /> people can have questions answered? Or is it just yourself
<br /> CARR SMITH: Go ahead, Mr. Mason
<br /> YATES: want to know like who are you guys,where do you folks come, where are you coming
<br /> from?
<br /> MASON: The County makes property taxes, right? And that's the thing that the County collects
<br /> and that's where they make their money. So, you know, any, any development that goes on, even in
<br /> public trust lands, you know, the County actually does collect property taxes. Therefore, the lease
<br /> that that is actually made with the State government, which is, you know, the DOT at this time, is,
<br /> that goes to either the CAFR or it goes to the general fund, all depends on how the lease was actually
<br /> stated. So the things for me is that the creation even of the jobs is most important, because I'm
<br /> actually willing to pay higher than any other hotel. And, because I know the numbers. And the part
<br /> for me, being a local boy from here, it's an entity; I come from a corporate entity. I created the
<br /> entity. I guess Chauncey them can speak for themselves, but they do actually work for the
<br /> government, State government at the airport.
<br /> YATES: I- - - like when you say taxesI know that, you know, everybody has to pay taxes.
<br /> County, transient taxes, are you saying taxes on these people will come in, build a hotel, so on top of
<br /> them paying rent or, you know, lease, rent, whatever it is, taxes on top of that then goes to the
<br /> County? But if it's State land, doesn't the State also get monies for that, too?
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<br /> EXHIBIT B
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