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GRAHAM: Thank you. And whoever would care to begin, you may give your <br />testimony. Mr. Tsukazaki, and start with your name and address, please. <br />TSUKAZAKI: Thank you, Mr. Chairman and good morning to you all. My name <br />is Ben Tsukazaki. I’m representing the applicant in this action, Seascape Development, LLC. <br />My address is 142 Kapaa Street, Hilo, Hawaii. With me here is Alan Dickler, the representative <br />from Seascape, and also Ms. Makani Maeva, who is a Director with Pacific Housing Advisors. <br />Pacific Housing Advisors has joined with Seascape in this particular project; and Pacific <br />Housing Advisors is very well experienced in this particular kind of affordable housing project, <br />meaning rental project. So she is here today in the event that you should have any questions <br />regarding the ultimate development and operation of that kind of project. <br />GRAHAM: Thank you, Mr. Tsukazaki. Mr. Dickler, do you have any <br />presentation you’d like to make? <br />DICKLER: Thank you, Mr. Chairman and Members of the Commission. No, I <br />don’t have any specific presentation. <br />GRAHAM: Thank you. Commissioners, do you have some questions? <br />Mr. Watanabe? <br />WATANABE: Yeah, I have a question. You know, there’s quite a few units; and, <br />well, first of all, I think it’s a great project. But do you have the water secured for this? <br />TSUKAZAKI: As the Director’s recommendation indicates, and this was also <br />stated in our application, the Department of Water Supply has agreed to provide water for this <br />project from the existing County water system on Kakahiaka Street. It will need to be extended <br />into the project. <br />WATANABE: Thank you. <br />GRAHAM: Commissioner Alameda? <br />ALAMEDA: Thank you, Mr. Chair. You don’t have to answer, but I’m just <br />curious again. So what would be the rent then, or range of, if you can give me a range. I know <br />the Director mentioned a chart. <br />DICKLER: We just gave Chris the chart. If you can hand it over -. <br />YUEN: Let me give you your chart back. <br />ALAMEDA: And this is just for prac -. <br />GRAHAM: Mr. Tsukazaki, maybe you could just read into the record what you <br />have there. <br />ALAMEDA: Yeah. And this is just for practical reasons in case somebody asks <br />me in the future what defines affordable I have a ballpark figure. <br />EXHIBIT C <br />4 <br /> <br />