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summer in preparation for the April groundbreaking. But as I said, then the economic conditions <br />changed and they made it not feasible to do it at this time. So that’s why we are asking for <br />another time extension. <br />BOWMAN: Does five years seem feasible to you? <br />VON PLATEN LUDER: Well, you know, when I looked at it today, re-read the <br />recommendations, I was thinking, you know, gosh, is five years going to be enough time to get <br />out of this economic condition, restart, and because, you know, as the economic, the longer the <br />economic slump goes on, the more our funds and our ability to borrow money, you know, that <br />changes daily depending on our, you know, on the success of financial condition of the business. <br />But I understand from, that five years is what we, is the most we can ask for at this time – I may <br />be wrong. But if that’s all we can ask for right now, then that’s what we need, and then I’ll have <br />to, you know, do my best not to be in the same position right now, not in five years. <br />WATANABE:If I might add that you are correct in your assumptions; we would <br />be strain to extend beyond the five years. So I think this would be the best that you could hope <br />to, I think, okay, and we review that at, or some other commission would review that at that time. <br />BOWMAN: Maybe – correct me if I’m wrong – have there been cases where <br />we did five years and then a five-year extension with the -? <br />WATANABE: Planning Director’s-. <br />BOWMAN: With the Planning Director’s -. <br />WATANABE: Yes, and that is typically when the project first comes on board. <br />BOWMAN: Okay. <br />WATANABE:So typically what you would have is like a five-year period to <br />construct, etc. with, if you need an extension of time, at the discretion of the Director they can <br />match that initial five-year period; that’s the typical language. However, subsequent to that once <br />you come in for an extension any future extensions would be subject to the approval of the <br />Planning Commission, and that’s the standard we’ve been applying. <br />BOWMAN: Okay, thank you. <br />WATANABE:Okay? Any further questions of the applicant? Okay, thank you <br />for your testimony. You may be seated. <br />VON PLATEN LUDER: Thank you, Commissioners. <br />WATANABE:Do we need to discuss this any further or would someone care to <br />make a motion? <br />BOWMAN: I move -. <br />EXHIBIT C <br />6 <br /> <br />