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DEFRANCO: Right. <br /> GARSON: — we're talking about, right, yeah. <br /> DEFRANCO: Okay. <br /> GARSON: Lawyer. <br /> DEFRANCO: Commissioner Vitousek. <br /> VITOUSEK: Yes, thank you. Does the applicant intend to construct the buildings <br /> or sell the commercial lots? <br /> METZLER: We haven't made a determination on that yet. Things are moving <br /> pretty slowly so we're trying to not make any missteps along the way and do everything as it <br /> should be done. <br /> DEFRANCO: Are there any other questions? <br /> VITOUSEK: I guess same question for the houses in the back. Would you be <br /> selling lots or building homes? <br /> METZLER: No decision has been made yet, but my instinct is that I'd like to <br /> make those 3 remaining Ag lots as affordable as possible to local families. I think the best way to <br /> do that is to sell a vacant lot and allow them to build their own home. We've been involved with a <br /> lot of self-helped housing and employee type housing for our own group and most of them have <br /> built their own homes and really loved it. <br /> VITOUSEK: Awesome. I remember last time we had a question about CC&R's <br /> on the lots. Is that something that you guys are still considering? CC&R's that would restrict the <br /> building of a home to a certain level that would increase the cost for construction. <br /> GARSON: Yeah, I don't think that there's a decision on that. On the <br /> commercial there will probably have to be CC&R's because it's going to be shared parking. So, <br /> the commercial side there will be. <br /> VITOUSEK: And on the residential, in the back end. <br /> GARSON: No decision, right. <br /> METZLER: Well, again we haven't made a decision there. I think as you can <br /> see, we restored those 2 homes to their original condition. It wasn't cheap all the way down to the <br /> hardware and mill work. So, we've demonstrated that we're interested in maintaining the Waimea <br /> culture and heritage and visual. So I think it's safe to say that whether or not there are CC&R's <br /> there may be a minor CC&R component but either way the homes that are constructed they will <br /> blend in with Hawaii. We'll be sure to make that happen. <br /> 12 <br /> EXHIBIT B <br />