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Mr. Takaba stated there was some confusion as to the process. First, the Commission <br />recommends to the Mayor, the Mayor takes the Commission's list and recommends to the <br />Council. The Council is supposed to come up with their own list of properties that they <br />want purchased. <br />Mr. Takaba stated the Council didn't come up with a single list stating their priorities and <br />what they want pursued. What the Council did instead was pass Resolutions as they <br />thought of properties to purchase. There was no priority in the Resolutions that passed. <br />Although, the Mayor as well as the Ordinance that passed says, first priority will be given <br />to shore line properties. Mr. Takaba stated out of the three properties recommended, the <br />Rice property isn't one of those however that could still be purchased. Mr. Takaba stated <br />they have no directions from the Council. For this year's budget, the Mayor proposed <br />three million dollars in addition to the one million already in the fund however the <br />Council reduced it to one million so now there's two million dollars in the fund. Mr. <br />Takaba stated with the 3 properties they are currently looking at purchasing, it was <br />obvious that the cost would go far beyond the two million dollars that they have. Mr. <br />Takaba stated there was a good chance they will go back to the Council and appropriate <br />more monies into the fund, when they certify the fund balance or the carry over balance <br />from last year that will be available for appropriation. Mr. Takaba stated there's a source <br />of funds that can be appropriated as long as the Council sees fit to do so. <br />Ms. Garovoy asked if there was five million dollars that had moved around at one point <br />out and then back in. <br />Mr. Takaba replied they proposed three million in addition to the one million already in <br />which ended up four million. Mr. Takaba stated in the budget process, in reducing the <br />three million to one million, the Council instead appropriated two million in capital <br />project for purchase of lands but they didn't set aside the money to do that. They just <br />allowed us to do that but with no monies. <br />Mr. Campbell asked when does the 2% initiative fund kick in and what difference would <br />that make. <br />Mr. Takaba stated the 2% land fund passed therefore 2% of the real property taxes would <br />be set aside for purchase of open space public lands. Mr. Takaba stated there was still a <br />question as to when the beginning date was, however in looking at the law, it says that <br />this should take affect upon approval. Mr. Takaba stated you could interpret that to mean <br />you start from the day you get approval or the next Fiscal Year. Mr. Takaba stated as far <br />as administration was concerned, they are not too worried about that because they want to <br />put in more money. Mr. Takaba stated they were not sure if they have to start from <br />November 7 or 8th or when they certify the election. The administration does plan to <br />appropriate more funds to the Public Land fund because of the three properties they want <br />purchased. Mr. Takaba stated Kawa'a Bay and Waipi`o would probably be the top 2 <br />priorities since both properties were on the Commission's report. Mr. Takaba stated the <br />Mayor had expressed interest in moving forward with these properties. Mr. Takaba <br />stated they would go back to the Council to replenish the amount they originally wanted. <br />