2008-03-06 THILOFARMERS MARKET - Laserfiche WebLink

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or it’s bulky, or whatever -- they’re concerned about the look. And I think we see that as a, we share that concern. The interest in the building, we really want the building to be something that is a partner in Downtown that matches what the visions of Downtown have been for many years in terms of a consistent vernacular old style. That’s clearly what we’re doing. The only real difference is we’ve really got to get up 15 feet to let the wave pass underneath the building. So size-wise you’re prompted up in your first floor, and that may create a certain amount of sense of size; but our intention is that the building does fit and is a visual partner. But we’ve had those concerns and see those concerns more as a statement of the value of the market toward the people who live here and the value of Downtown; and that’s something that, well, Mr. Dela Cruz again and again has said is an important part of the business he’s in and what he wants to do. WATANABE: Thank you. IWASHITA: I just, to follow up -. WATANABE: Follow-up. IWASHITA: A follow-up comment and -. You know, I think that your idea, the farmers market idea, is being duplicated, attempted, people are trying to copy it in other places; and I think that’s great. It just shows that, you know, the markets are really, to me, as far as planning and the concerns we have, in this case an SMA approval, but just generally in planning that, you know, markets, farmers markets like these really can be the nucleus, the center, of every community on this island, and something that we should always try and encourage. WATANABE: Ms. Bowman? BOWMAN: Just a comment and a question. I’ve been to several of the markets you’ve mentioned; and I think, you know, they’re great and exciting.And pardon my ignorance but the farmers market here is a cooperative of vendors? Is that correct? Your farmers market, is there, I’m just wondering and I don’t know if this in the purview of the SMA but, you know, what will happen to the vendors that are here now? Will prices go up, I mean, how do the vendors that are already in the market feel about this? Would the cost of the building be passed on to the vendors? Is that -? DELA CRUZ: The first part of your question is if it’s a cooperative, it’s not. They’re individual businesses that made the market part of their business lives. A lot of them have been there, some of them, 18-20 years. As far as the second question about will the rates go up? Yes. As we mentioned, we do have to take into consideration the additional management and associated expenses that go with the building. So, yes, they are going to go up; but we will keep it reasonable. As everybody has known, or some of the vendors that might be here, the prices are, on Wednesdays it ranges anywhere from, well, in any day of the week of the market the price ranges from $10 to $25, depending on which day. And so the prices are fairly reasonable right now despite comments from other markets or other people that come up to me and say how come you charge so cheap? So we try to keep it reasonable; and that’s what we’re going to do with this new market. And that’s why we’ve gone through three or four designs in trying to keep within the cost factor; and we’re at that stage right now where we do believe that the cost factor will be able to be sustained by reasonable prices by the vendors. EXHIBIT B 13