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MIYASATO: Yes.
<br />IKEDA: Okay, that's all I wanted to know.
<br />MIYASATO: Okay.
<br />CLARKSON: Okay,
<br />IKEDA: —Can I ask
<br />CLARKSON —any other discussion?
<br />IKEDA: I'd like to ask Mr. Fuke a question if it's all right. Mr. Fuke, will the ten years, seven
<br />or eight years be enough time or you need at least ten years because, you know, I also run
<br />projects, and time's really important for me.
<br />FUKE: Thank you very much for bringing up the question, and that was what kind of prompted
<br />me to come up because my understanding was that when I had said that okay, fifteen, the
<br />maximum fifteen may be little bit overly generous, and when you had mentioned, and
<br />Commissioner Miyasato had mentioned about the ten-year like a maximum, then, you know, I
<br />thought that probably speaking on behalf of the Applicant that would be kind of like a reasonable
<br />compromise, and so I agree with, you know, with the analysis that if you, if the second project
<br />that's going to come on line might be, it might happen as soon as, maybe within the next year
<br />and a half, then essentially, all you're looking at is a total of about six or seven years for the total
<br />project to be, you know, to come on line, and I would hate to think the Applicant would have to
<br />come back to the Commission again to request for, you know, just a little bit more time.
<br />So, I would kind of like, would recommend or suggest that the Commission consider a language
<br />something along the line like what Commissioner Miyasato had proposed which was, you know,
<br />construction on the remaining two lots shall be completed and certificate of occupancy issued
<br />with, no later than October 18, 2028, which would then basically, you know, be like five years
<br />from the maximum date that, you know, of the first five years, which is October 18, 2023, so.
<br />And, that way then, the Applicant would have a, you know, essentially like a full ten years
<br />within which to do the, you know, full build -out on all three lots.
<br />IKEDA: That was my concern because from what I gather, but if Commissioner Miyasato's
<br />amendments, it could be seven years. It could be eight years, and, you know, I'm going through
<br />a project now and on my own property, and it takes quite a while. It's not as simple as you think
<br />it is even if you have all the, all the plans and everything, and you have to go through things like
<br />building permits and so forth, so you do run into trouble where you get, you know, it's held up
<br />quite a while, so I just wanted to know what Mr. Miyasato's thinking is. Is he still going to be
<br />stuck to that five years or he's going to go at least to ten years?
<br />MIYASATO: Thank you, yeah? Thank you for that input. Yeah, that sounds reasonable for
<br />me, for a ten-year extension. So, would we do the ten-year for the second and third lot?
<br />EXHIBIT A
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