2021-04-01 Windward Exh B Anderson Dec. Tr. Piianai Rev. Living Tr. Kapoho Properties REZ-21-000243

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presentable to the eye as you come over the Wailoa Bridge into Downtown Hilo. I think that is just something that has always been in the back of mind of the owners. Thank you. AU: Raised hand. Mr. Chair, I have a question. REPLOGLE: I'm sorry, yes Mr. Au. AU: Thank you Mr. Yamanaka's and Mr. Piianaia for coming forward with this application. I'm glad senior Mr. Yamanaka you mentioned that you talked about jobs and revitalizing that property and I know Mr. Yamanaka junior mentioned that at this time there's no plans for future development but, I would strongly encourage, and I would like to see more development on that property. It is an eyesore, it was an eyesore but now that building is beautiful on the front end and I would like to encourage development and really briefly Mr. Yamanaka Junior and can you just share with me or Mr. Yamanaka Senior. What is your vision for that property I know at this time you have no current development but, what is the overall vision that you want to see and I'm glad you tied it into a gateway for Hilo Downtown. V. YAMANAKA: I think Garth summed it up very well in the fact that it's very difficult for us as owners to put money back into the property without existing zoning that conforms to the use. The financing for that type and that type of situation is very expensive. So, to date, we have not really borrowed any money from any financial institution but we basically put in cash and I think during the time of our holding we've gone to the extent of over a million and a half that we've put into the property of our own cash. That's not normal for business like this but because of this zoning situation it's almost become a necessity it's very difficult. There a lot of people who would want to come in and utilize the property but again without the zoning it makes it very difficult for us to move forward. G. YAMANAKA: I just want to add that he mentioned there have been a lot of people who have approached us and it is due to the unique location along the river. People want to take advantage of that and the problem ends up becoming whether our uses will be approved and then will they be able to get financing to put money into the property because any improvements that occur will be substantial being in the Special Management Area(SMA) and having to address any other issues that arise through term of development. So, the financing portion of that is super important because not a lot of people have that type of cash just to take that type of risk. But we do get a lot of interest. REPLOGLE: Thank you. Any other questions fellow Commissioners? CLARKSON: Raised hand. REPLOGLE: Mr. Clarkson? CLARKSON: Yes, I have a question for the Director Kern. Let me just preface this by saying that back in the late eighties (80's), early nineties (90's) I was involved in a housing project in Keaukaha, in which the location in the tsunami zone required the construction of all houses to be elevated above the tsunami inundation level. I would ask Director Kern how existing regulations 6 EXHIBIT B