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<br />between those two values represents the value of the conservation easement. <br /> <br />Using a simplified example, DCC Campbell stated that if a property were worth $10 million with all <br />development rights and $2 million after certain development rights were removed, the value of <br />the conservation easement would be $8 million. She noted that the figures were hypothetical and <br />used only to illustrate the appraisal method. <br /> <br />Chr. Chang stated that, under that example, the $8 million figure would be the amount the County <br />would be able to pay. DCC Campbell confirmed that the amount would represent the maximum <br />the County could pay for the conservation easement. <br /> <br /> <br />MEETING RECESSED: 9:57 a.m. <br />MEETING RECONVENED: 10:01 a.m. <br /> <br />V. RULE MAKING: <br />1. Rulemaking: Discussion and adoption of amendment to Rule 4(b) of the Rules of Practice <br />and Procedure. <br /> <br />DEBORAH WARD, testified in opposition of the Rule change <br /> <br />DEBBIE HECHT, testified in opposition of the Rule change <br /> <br />MOTION: <br />Cmr. Rosam moved to adopt the proposed rule amendment as published, increasing the scoring <br />threshold in Rule 4(b) from 50 points to 70 points. Seconded by Cmr. Markoff. <br /> <br />Chr. Chang opened the floor for discussion. <br /> <br />V. Chr. Britt stated that she reviewed the projects under consideration using the Acquisition <br />Assessment Form and identified several she considered important that did not meet the proposed <br />70 percent threshold. She expressed concern that increasing the threshold to 70 percent would be <br />unfair to agricultural conservation easements, which she said may be significant even if they do <br />not score highly in areas such as forest resources, species, or other biological elements. For that <br />reason, she stated that she opposed changing the threshold to 70 percent. <br /> <br />Cmr. Rosam stated that she supported the rule change and noted that she had originally <br />suggested it. Referring to the Kaloko Makai property, she said she did not believe only 10 percent <br />of the property was worth saving, as it included extensive dry forest and trail systems, but she felt <br />that placing it on the list had effectively served as a bail-out for the property owner. She also <br />stated that the U.S. Fish and Wildlife had not upheld the restrictions in the memorandum of <br />understanding and said she was not proud that the property had made the list. Cmr. Rosam <br />further stated that, based on her review of the criteria assessment forms, the range of available <br />scoring made her believe that a 70 percent threshold would not eliminate properties she would be <br />proud to support. <br /> <br />Chr. Chang reminded the Commission that the minutes from the January meeting contained <br />important information from the prior discussion of the proposed change. She stated that <br />DRAFT v.1 BS - Minutes of March 9, 2026 <br />Page 4 <br /> <br /> <br />