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you see on the bottom left, there was no failure of the bridge. But before the bridge there was a <br />big washout. You cant even drive in the project any more. With that and having to do the <br />waterline over and then have this big surprise, I have had discussions with the Housing people. <br />To do this in a couple of different ways, as was mentioned earlier, there are several ways you can <br />satisfy the housing. To do it on site, it would mean a loss of somewhere in the neighborhood of <br />800,000 to over 1 million dollars worth of -, even at a lower market than it was a couple of years <br />ago. To do it off site within 15 miles sounds easy, but there is not a lot in -. The range that I was <br />told is 89,800 dollars is an affordable finished lot. Its pretty hard to find much like that within <br />15 miles. I am waiting for a callback from Kohala Surety Company. The Housing people <br />recommended that we talk to someone about purchasing credits. I appeal to you for your help. <br />The way you can aide in preserving places like this ‚ that I see the General Plan directly <br />speaking to for open space and scenic quality ‚ and to preserve a hill like this is not to have <br />poles. Because power poles is the easiest way to cut corners, because HELCO tells us that you <br />can get one or two poles for free for each house, so the speculative interest that I spoke of earlier, <br />iftheycomein,ifthepartnershipforexamplesellsouttosomeonewhowantstocutcorners,the <br />easiest way to satisfy something like the housing requirement is going to be to put power poles <br />in. So because thats my passion to not have power poles, I appeal to you to help us by allowing <br />us to continue on without the housing requirement. Thank you. <br />GRAHAM:Thank you, Ms. Wells Fischer. Commissioner Siracusa? <br />SIRACUSA:Yes. I, too, have passion against power poles, and am supporting <br />underground services and preserving viewplanes. So Im very impressed with what you are <br />working on here and what youve been doing. Id like some clarification cause you said you <br />were not going to be building great big houses and you werent going to putting upon the <br />ridgeline, which is usually what great big houses like to do, and that you were going to be <br />building smaller homes. So how does that conflict with -. Usually affordable houses are smaller <br />houses; I dont see the conflict between one thing and the other. It seems to me like you are <br />working in that direction anyway. Could you please explain that? <br />FISCHER:Sure, thank you. We are not planning on building homes, but we <br />are going to put covenants on to preserve things like the sedimentation pond areas and to be sure <br />that there are no poles going in afterwards. We are not going to put any kind of covenants on <br />that require certain minimum square footage. The smaller the better, is the way I look at it <br />cause it has less visual impact on everyone. And we are trying to put the houses little tucked in <br />places; weve already put the house sites in, and the house sites are all on the property already. <br />And the point was not to stick houses on the top of that hill. In fact, there is a little building on <br />that hill already, and you cant even see it in that picture and you cant see it when you are <br />driving up Kohala Estates Road. That was always my goal to not have a monster mansion on the <br />top of every hill. <br />SIRACUSA:Redirect, please? <br />GRAHAM:Commissioner Siracusa, follow-up? <br />SIRACUSA:So you are not putting down the minimum building size in the <br />covenants. Are you stating a maximum building size? Are you capping it? <br />7EXHIBIT A <br /> <br />