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MR. HENRICKS: All right, if you’re calling the petition at this point, I’d like to recuse <br />myself in fairness to Mr. Cole, because Ms. Crawford is a member of my—I’m a member <br />of her bowling team, should I say, since it belongs to her department, and that we see <br />each other very frequently and on an ongoing basis and will continue to see each other <br />very frequently and on an ongoing basis in the years to come if she stays on the team. So <br />therefore I would like to recuse myself for that purpose. <br /> <br />MR. HEAUKULANI: Let the record reflect member Henricks has recused himself from <br />2011-07. Do we have a quorum? <br /> <br />MS. SCHOEN: You do have a quorum with Mr. Hisashima, the chair, and Mr. Balsis. <br /> <br />MR. HEAUKULANI: We shall proceed. <br /> <br />MR. DILL: I— <br /> <br />MS. SCHOEN: --You recused yourself. I’m sorry, that—vice chair. <br /> <br />MR. DILL: Okay. <br /> <br />MR. HEAUKULANI: We requested the presence of Nancy Crawford, as she is named in <br />the petition. Is Nancy Crawford here, please? Good morning, Nancy. May I call you <br />Nancy? <br /> <br />MS. CRAWFORD: Good morning. Yes, please. <br /> <br />MR. HEAUKULANI: Thank you for coming. Board members, are you familiar with <br />all—do we need to review anything? <br /> <br />MR. BALSIS: I’m very familiar with the situation. I had ______ discussions. <br /> <br />MR. HEAUKULANI: Any questions? <br /> <br />MR. BALSIS: I have no discussion. <br /> <br />MR. HEAUKULANI: No questions? <br /> <br />MR. BALSIS: No, I don’t. My questions were answered before. <br /> <br />MR. HEAUKULANI: I have one. <br /> <br />MS. CRAWFORD: Yes, sir. <br /> <br />MR. HEAUKULANI: The decisions you made—was it based on the financial advisor? <br />You folks hired a financial advisor, and he reviewed all of this—I believe it was six <br />alternatives, to include Bank of Hawai‘i, to choose from. Mr. Okumoto said that the <br />decisions were based on the advice of this financial advisor. Is that correct? Is that <br />why—that’s what I wanted to ask you. <br /> <br />18 <br /> <br /> <br />