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2007-04-05 THICDC
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2007-04-05 THICDC
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KATO: Well, I guess you can look at it on two levels. On one level the number of <br />people who have applied, you know, a lot of the people you see in this picture, you know, were <br />not on the wait list and they are on the wait list now. And what happens when we go through our <br />project is although we have a wait list of say 100, I think it’s over 150 now, many of those <br />people probably will say, well, they really don’t want to live in Pepeekeo. We have other <br />projects that we’ve done before, you know, up in Mt. View. Some people prefer to be in <br />Mt. View some people prefer to be in Keaau, everybody has their preference. So out of all of <br />that, not everybody, again, is going to be interested in the Pepeekeo project. And the other factor <br />is the families need to qualify based on their credit as well as the amount of debt that they have <br />in relation to their income. And we find that although, you know, there are a lot of people who <br />want to get into the program, many of them have credit issues; and so they do not qualify. And <br />so it is actually fairly typical that, particularly in East Hawaii, that we may run through the entire <br />wait list to fill up one project. So I think there’s a good chance that a substantial number of <br />people in the project will be those who are, you know, from the area and who want to get in. But <br />I cannot give you any kind of guarantees as to how many of that will be. <br />I think that on another level it’s important I think for the entire community to get more and more <br />homeownership. You know, homeownership, I believe, stabilizes the community from a number <br />of social standpoints. You know, they’ve done studies that show that homeowners tend to have <br />higher incomes, children do better in school, there’s lower crime. I mean all of these things <br />actually I’m learning because I’m a board member of this Hawaii Homeownership Center. But <br />those are kind of facts nationally that have been discovered. So I think regardless of where the <br />people come from, the fact that we’re converting existing renters in our community into <br />homeowners is a substantial benefit. <br />GRAHAM: Thank you, Mr. Kato. Any more direct questions for Mr. Kato before we <br />move on? All right, go ahead. Would you give your name and address first, Mr. Nishimura. <br />NISHIMURA: Brian Nishimura, 1174 Awiki Place, Hilo, Hawaii. I am the consultant for <br />the applicants. I just wanted to touch on a couple of issues. This application, as was indicated, <br />has two components. This is an agricultural component as well as a Single Family Residential <br />component. <br />The Single Family Residential area is situated within that triangular piece that you can see in the <br />middle of the board. That property is located directly adjacent to the area in yellow on the map <br />on the left. And the reason that area was selected was because it is situated within the County <br />General Plan Low Density Urban designation; therefore it is consistent with the County General <br />Plan’s designation for Low Density Urban uses. The Agricultural component includes the two <br />remaining lots that would be created by creating the Agricultural community/Single-Family <br />parcel, both of which would be zoned Ag 5 within that triangular piece. The remainder of the <br />application involves the dot on the right-hand side of the map on the left. That area would <br />include eleven 10-acre sized agricultural parcels. The developer is proposing to address the <br />demand for smaller agricultural sized lots. They feel that there is a sufficient demand for this <br />type of project and is making an attempt to make the necessary improvements to ensure that that <br />happens. They are providing an agricultural water source. They will assist the lot owners in <br />pursuing agricultural activities on those parcels. <br />GRAHAM: Thank you, Mr. Nishimura. Questions, Mr. Domingo? <br /> EXHIBIT D <br />8 <br /> <br />
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