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because of people breaking in. And he says there have been instances of people trying to. He <br />has a wonderful neighbor across the road that kind of keeps an eye on the property, and as his <br />son indicated, eventually, he’d like to build a home on the lot next door, so that he would be right <br />next to the property, but we support this business, and we’re willing to try and help them in any <br />way we can. <br /> <br />MIYASATO: Thank you. Any questions, Commissioners, for the testifier? <br /> <br />ONO: Yes, question. <br /> <br />CONANT: Yes. <br /> <br />ONO: You mentioned 10 to 15 years, so you’re, you’re willing to extend it for, to 15 years? <br /> <br />CONANT: Yeah, we, as I said we just, when the original request came through for unlimited, <br />we weren’t comfortable with that, but 10 or 15 years would be okay for us. <br /> <br />ONO: I’m just kind of puzzled here. Mr. Kanuha? Is there a stipulation about the loan amount <br />that they’re looking for, if it goes beyond fif—beyond ten years? There’s a, I guess I’m <br />conflicted in the sense that we’re looking at a planning program for the next three year-four years <br />for this area, but their request is for 15 years so that they could get some financing— <br /> <br />CONANT: --Right-- <br /> <br />ONO: --Am I correct on that? <br /> <br />CONANT: Yeah, when I talked to Mr. Tavares senior, he indicated that that’s what he would <br />really like to have because the banks would be willing to loan on that time period rather than the <br />ten. I know when I used to do banking, we used to a ten, maybe a 30-year amortization with a <br />ten year call, but I don’t know what banks are doing today, but he’s—he seemed to think that the <br />15 would give him a better chance to finance to build his home and improve the business. <br /> <br />ONO: The home would be included in this 15-year proposal? Can he get a loan if it’s less than <br />fifteen--ten years? <br /> <br />CONANT: I don’t know. <br /> <br />ONO: Has there been an inquiry on that? <br /> <br />SONG: Mr. Chairman, I don’t he’s really looked into it, but most mortgage financing is a 15- <br />year loan. You know, that—generally, they’re 30 year-loans, 20- or 30- year loans, but, but you <br />can get mortgage financing for 15 years. <br /> <br />7 <br />EXHIBIT C <br /> <br /> <br /> <br /> <br />