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lands owes a fiduciary duty to the trust beneficiaries in its managementof public lands. The <br />proposed rezoning is in furtherance of DLNRs efforts to put its lands to the highest and bestuse <br />and maximize revenues for the trust.ƒ So I guess without trying to parse the words you know <br />like Bill Clinton or something. It sort of sounds like the DLNR is saying that our best use for <br />public duty for the public benefit of the people of the State of Hawai i is to maximize the <br />revenues from our lands which feels to me is a little bit amiss if thats the case but Im probably <br />reading more into it than what was intended so I wish youd comment on that statement a little <br />bit please. <br />GALDONES:Mr. Chun will you be responding to this? <br />CHUN:Yes I will. <br />GALDONES:Could I have you sworn in then? Do you swear or affirm to tell the truth? <br />Couldyoupleaseraiseyourrighthand?Doyouswearoraffirmtotellthetruthonthismatter <br />now before the Hawai i County Planning Commission? <br />CHUN:I do. <br />GALDONES:Could you please state your name and your residence address? <br />CHUN:Keith Chun. 3432 Oahu Avenue, Honolulu, 96822. <br />GALDONES:You may proceed. <br />CHUN:Okay. I think as the manager of the public trust, similar to maybe a lot of <br />the other trust that you know. Theres a lot of missions we have public resources which we <br />manage. We also have I guess a duty as well as to maximize use of the land or generate <br />revenues to help support some of the other functions. You know if you look at some of the other <br />trusts for example Kamehameha School Bishop Estate you know they invest their funds, use <br />their lands to generate revenues to support some of their other programs and this is one of ours. <br />GALDONES:Commissioners any further questions of the applicants? Commissioner <br />Graham? <br />GRAHAM:Just you know since Im familiar with the area since I live out that part of <br />the island you know its all kind of kiawe growth there now. I remember when the old feed lots <br />were around that area and its the road is relatively close to the ocean there. Theres not a long <br />distance and I know the canoe clubs activities are down below. Anyway, it struck me, as first <br />impression was that its very inappropriate place for an industrial zone or a commercial zone. <br />That stuff that would be better on the mauka side. But then again I see the letter in support from <br />the Kawaihae Canoe Club which is the most impacted public people down there. Im just <br />wondering if the other public bodies, public interest bodies like the boating club, then like surfers <br />down there were they contacted were they part of any discussions that you had with the <br />community before when you brought these plans forth? <br />EXHIBIT B <br />4 <br /> <br />