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VITOUSEK: So we'd be talking about starting within 10 years of the effective date of the <br /> ordinance, and then within 15 years of that it would be 50% completion approximately, and then <br /> another 10 years after that would be the full completion, so looking at a 35-year time period? <br /> FUKE: Um, yes, 35 years, yes, yeah. <br /> VITOUSEK: Okay. <br /> FUKE: So like, if you look at, for example, like the original entitlement like Waikoloa had in <br /> 1977, 78, and subsequent amendments in 1991, and you look at their construction schedule, this <br /> is almost like 30 years and this—[to Mr. Head] 30 years? <br /> HEAD: Forty. <br /> FUKE: Forty years—and yet, you still have undeveloped properties, and so this is the best are <br /> normal progress for like a major resort in this area. So it's not like when you are doing a <br /> standalone subdivision or standalone project where you can quickly turn around and get <br /> something complete. Notwithstanding that, I think that, you know, when we discuss the whole <br /> notion about the developer's commitments to workforce housing, in that you will see that we are <br /> tying in the occupancy of any units within this 900 area to the workforce housing, so, you know, <br /> it's obvious that for the developer it makes every sense to kind of like have this component get <br /> started and get completed quickly, because the faster they can have it completed, then, you <br /> know, they are not going to be hung up by the workforce housing condition. But, you know, <br /> that's another story, and we can discuss it, as we, you know, discuss that, yeah. <br /> VITOUSEK: Okay, sounds good. Commissioner Paishon-Duarte. <br /> PAISHON-DUARTE: Thank you. Mr. Fuke, please restate the total number of residential units <br /> that are going to be designated for workforce. <br /> CARR: - - - <br /> FUKE: <br /> - -FUKE: Sorry, I didn't mean - - - <br /> HEAD: <br /> - -HEAD: It's no less than 142 units. <br /> PAISHON-DUARTE: No less than 142, and that- - - <br /> HEAD: <br /> - -HEAD: No less than 142 units, and that's, that's the max that the zoning density that exists on <br /> that parcel, but the intent is to seek an exemption to potentially have more. <br /> PAISHON-DUARTE: Thank you. No less and—one more clarifying question no less, and <br /> then what's your est-what is your likely estimate that you will build out? <br /> CARR: Commissioner Paishon-Duarte, this is Stanford Carr. Let me interject, please, if I may? <br /> 9 <br /> EXHIBIT D <br />