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MS. O’HARA: <br /> With values as they are now if these properties go to foreclosure and <br />are sold on the auction block, are you recovering the delinquencies? Are you getting <br />enough from in sales? <br />MR. SITKO: <br /> So far we have been selling almost every property we’ve put up for the tip <br />amount which is our cost plus everything. I will have to be very honest. We do look <br />very carefully at a property before we put it up for sale. We have a lot of delinquency <br />amounts which are minimal, but they deal with lava lands which we’re never going to be <br />able to sell. And we’re looking at other ways to deal with getting what basically is an <br />unsellable parcel off the books or back into paying some tax on them. <br />MR. MATSUDA: <br /> So even if you look at the property and you put it up for sale, from all <br />the parcels that are sold, well, not from all the parcels that are sold, not necessarily all <br />the parcels that are put out for bid or auction are sold at that auction. Am I correct? <br />MR. SITKO: <br /> Yes. Not necessarily. Somebody may not bid on a parcel. We had a <br />couple of sales go, we had a couple of large parcels that during the boom would have <br />gone almost immediately, but they did not sell. What happens then is we recycle them <br />and we put them up at the next sale. <br />MR. MATSUDA: <br /> Thank you. <br />MS. NICHOLSON: <br /> Can we move on to our next speaker so everybody gets a chance <br />and we keep going here. <br />MS. WONG: <br /> I didn’t get a chance to ask a question. <br />MS. NICHOLSON: <br /> Okay. One last question. <br />MS. WONG: <br /> I look back on our minutes to see why we had asked particularly you folks <br />to come in. The focus was on contracts, procurement, delinquencies and the whole <br />procurement flow. So that’s what we’re kind of looking at. And sort of related to her <br />question, technology. I understand that you folks were looking at some software or data <br />programming system or pre RFP to assist in appraisals and I think along that lines, is <br />that correct? <br />MR. TAKABA: <br /> It’s the Building Department. <br />MR. SITKO: <br /> I think you’re mixing us up with permitting at this moment. <br />MS. WONG: <br /> But does that not affect also what Real Property does? <br />MR. SITKO: <br /> To a small extent. The permits obviously are one source of triggering a <br />visit by an appraiser to get into a property and pick up taxable value. But beyond that, <br />no. <br />13 <br /> <br />