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<br />County of Hawaii <br />November 15, 2024 <br />Page 3 <br /> <br /> <br />realizing the economic benefit of the potential of the property, and have the effect of a <br />governmental taking of property without just compensation. KRPL has paid a substantial <br />amount of real property taxes in the past totaling approximately $250,000.00 based upon an <br />Agricultural classification, and an expectation that it would be permitted to use the property for <br />at least that purpose. Attached is the webpage from the County real property tax office <br />describing the assessed market land value of $3,339,400.00 and property taxes paid. <br /> <br /> KRPL Has Protested in the Past to a Conservation Designation. The Draft 2040 County <br />of Hawaii General Plan had proposed that KRPL property, including Parcel 63, be designated as <br />Conservation or Low Density Urban. KRPL submitted an objection in November 2019, based <br />upon many of the same reasons made in this letter. The 2019 objection in the form of a letter <br />from its attorneys to the Planning Department is attached hereto, and incorporated herein by <br />reference. KRPL renews the arguments made in 2019, in connection with the currently proposed <br />designation. <br /> <br /> KRPL reserves the right to supplement this letter with further documentation and/or <br />testimony. <br /> <br /> Should you have any questions, please contact the undersigned. <br /> <br /> <br />Very Truly Yours, <br /> <br />James Y. Agena <br /> <br /> <br /> <br />Attachments <br />C: Kaloko Residential Park LLC <br /> County of Hawaii Planning Department 74-5044 Ane Keohoklole Highway, <br />Building E, 2nd Floor, Kailua- <br /> <br /> <br />