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concerning building in a tsunami zone would likely affect any redevelopment of this area. Is <br /> everything going to have to be built 11 feet off the ground like it was in Keaukaha for residential <br /> structures, and I also know that during the or I was told by a tenant at the Iron Works building <br /> this is many decades ago. That during the tsunami much of the industrial equipment in the <br /> building was washed into the river and had to be dredged out and I'm just would like to know <br /> what kind of regulatory protections there are to prevent that kind of thing from happening again <br /> especially with possible commercial uses that would involve substances that should never go into <br /> a river. <br /> KERN: Thank you Commissioner Clarkson, Zendo Kern here, Planning Director. If I get this <br /> wrong staff feel free to jump in but this is basically the same situation that we deal with <br /> Downtown where it's in a tsunami inundation zone. So, with the existing improvements they are <br /> allowed to make a certain amount of improvements to those within the threshold. Anything new <br /> though will have to meet the requirements of the tsunami inundation zone which should be very <br /> similar to a Keaukaha or Downtown situation. So, it's a bit of both you know what I mean so <br /> they can work with what is existing there which obviously makes sense something absolutely <br /> new or exceeding a certain dollar amount threshold would have to meet that criteria and it's <br /> actually quite a challenging situation and we see in Downtown because a lot of buildings aren't <br /> necessarily improved to the level that we'd like to see them because of this situation. So, those <br /> regulations will be there but they also get the latitude from what was existing. Does that answer <br /> your question appropriately? <br /> REPLOGLE: Thank you Mr. Kern. <br /> CLARKSON: Yes, it does, it does, and I'd like to ask the Applicants the same question. It's <br /> kind of a follow up to Commissioner Au's question about the vision considering the difficulties <br /> of building new structures or making major renovations to new structures in a tsunami <br /> inundation zone do you just basically see sprucing up what's already there and never passing a <br /> threshold where you would have to build to completely different standards that are now <br /> required? <br /> G. YAMANAKA: Well, you know it is a very challenging situation and you have to really see <br /> the economics and the feasibility. So, building anything new or expanding on any type of <br /> footprint is just not feasible at this point in time if anything will happen and again there is no <br /> plan for any of that and the cost is a big factor and the current situation has been a huge factor in <br /> that. But anything that would be done would be with hoping to attract the tenant willing to put in <br /> the money, to invest in the property and that would be the main thing that we would be looking <br /> at right now is if there would be anyone interested in doing something we would definitely be <br /> open to that and taking advantage of being along the river and taking advantage of the view <br /> planes. But, again, there is no plans for that it's a huge cost to consider any of that and so <br /> hopefully that will be something done in the future and will help us to spruce up the back end of <br /> the property which if you can see the overhead pictures, it looks really bad back there. But again <br /> for us it makes no sense to fix it up if we can't find someone to put in there so that's been a huge <br /> issue for us. <br /> V. YAMANAKA: Raised hand. <br /> 7 <br /> EXHIBIT B <br />