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making substantial improvements may be the better way to deal with end of lease issues in <br /> Hilo." If that is absent in 1479, 1479 has to go back, somebody has to go back to the <br /> Legislature next year and ask for that bill if this one languishes, if it doesn't pass. So I'd <br /> appreciate it if this committee,this authority,would address HB 575 which is the House <br /> vehicle for extension of leases,which its analog was SB 274 which was held by its chair. <br /> DELIMA: Is HB 575 moving though? <br /> McCULLY: Yes it is. It's at finance today at 2:00, and I just went online to look for <br /> testimony but the House has been slow to post testimony this year. And I would also like to <br /> say that—well, okay, enough. <br /> DELIMA: Okay, so you would want us to support HB 575 as well. <br /> McCULLY: Yes, I think that's very important and I think the Legislature would listen to <br /> you. What I was going to say is that the Senate Chair who's holding the bills does have a <br /> conceptual, or a theory, about why the bill should be held and it has to do with public use, <br /> public purpose for public lands. And that there's only a single proper way to deal with end of <br /> lease issues and that's auctions. And I think it's some sort of a,you know,the idea of the <br /> windfall that the Naniloa presented in terms of annual rent and without calculating the fact <br /> that the leasehold improvements were undervalued by appraisal, and the bidders were <br /> exchanging their lease rent for acquisition of the leasehold improvements. So that's not an <br /> analog to what our warehouse district looks like or perhaps any of the other hotels on Banyan <br /> Drive which are in that condition. It had good bones, even if it was somewhat bedraggled. <br /> DELIMA: So Ms. Begier,would you agree to incorporate House Bill 575 into your motion? <br /> BEGIER: Maybe the best thing to do is to incorporate that we support all of the bills that <br /> maintain economic life in this current State Legislature for our Banyan Drive and other <br /> leasehold lands in East Hawaii. <br /> DELIMA: And would that include all these bills? <br /> BEGIER: Yes it would. <br /> McCULLY: I think you'd absent the SB numbers that have been held in,just for <br /> clarification. So that'd be <br /> DELIMA: Okay well <br /> BEGIER: Well I don't—excuse me. I think it doesn't really serve any purpose to leave out <br /> any bills because you never know what leadership may end up doing at what point in time. <br /> McCULLY: Yeah, and 2018 will roll around. <br /> BEGIER: So we may as well leave these, all bills, in our watch list. <br /> DELIMA: I think Ms. Begier's point is well taken. So the motion is to approve all bills listed <br /> on our agenda and submit the supportive testimony. Mr. Taniguchi,you second that? <br /> Page 16 of 18 <br /> Banyan Drive Hawaii Redevelopment Agency <br /> February 22,2017,Minutes <br />