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manager, and consultants Glenn Kimura from Kimura International, and they are our planners, <br />and Jimmy Yamamoto with R.M. Towill, our project engineers, one of our project engineers, <br />and also Bob Miyasato, here to respond to any kind of economic questions that you may have. <br />And I'd like to call on Mr. Yamashiro at this point to provide a brief overview. <br />FUJIKAWA:Okay, Mr. Yamashiro, come forward, please. Mr. Yamashiro, can you <br />come up forward so I can swear you in. Oh, that's fine. Could you raise your right hand. To <br />` <br />tell the truth on this matter now before the Hawaii Planning Commission? <br />YAMASHIRO:I do. <br />FUJIKAWA:State your name and address. <br />YAMASHIRO:Stephen K. Yamashiro, P. O. Box 626, Hilo 96721. <br />FUJIKAWA:Thank you. You may proceed. <br />YAMASHIRO:Thank you, Mr. Chairman, and Commissioners. The University Terrace <br />Project is planned as a mixed use community incorporating design concepts intended to <br />promote a more livable pedestrian friendly community, and this is designed to enhance and <br />` <br />support the growth of the educational complex surrounded around the University of Hawaii at <br />Hilo. <br />If we look at this map here, the project site is in here. This is the Mohouli Extension. The <br />planned Federal Pacific Basin Agricultural Center is in this area, along with the U.S. Forestry <br />Service. The balance of this parcel is designated for the community college. The University <br />` <br />of Hawaii-Hilo occupies the land below Komohana, with the tech park in this area, and the <br />ground facilities for all of the astronomy facilities. <br />We are looking at an educational complex at grow-out would probably have seven to <br />10,000 people within their community. The project, as envisioned, will provide residential <br />opportunities and service to support this population in a manner which will minimize the need <br />to travel outside the community for goods, services, and entertainment. <br />As presently zoned, the project has approximately 160 residential units, five acres of <br />commercial, and 45 acres of open space. The proposed request will increase the impacts on <br />the community and the developers are willing to pay their fair share of those impacts as a <br />result of this project. It is important that the impacts be identified and the costs be determined <br />so that all present and future developments pay their fair share. All improvements will be <br />placed in the time that they are needed. <br />We thank the Staff for their thorough review of the project, and I would, with the foregoing <br />statement, would like to address some of the conditions that were stated. Condition C, the <br />University Terrace Project shall consist of not more than 172 acres of single-family and multi- <br />6 <br /> <br />