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want to put it in, and but they can and probably will be put in. I mean, if you go back to
<br />Condition I that the Planning Director has the power to approve the subdivision and all the
<br />details from what I gather.
<br />So, what we're requesting in Condition R is that the commercial development have curb, gutter,
<br />and sidewalk, and that, we don't have any problems with that. The high density residential, less
<br />than 10,000 square feet, we agree, there it's beneficial. It's the lower density, residential that we
<br />want some relief on at least initially, and whether it gets put in later, that remains to be seen. The
<br />Ponahawai Extension is similar, and I'm just reiterating Commissioner Ikeda's statement that the
<br />Mohouli Extension is 80 feet with paved swales or paved shoulders and that's essentially what
<br />you're asking for is here, to build this out and then dedicate it to you, the County.
<br />And, going back to Condition Q, and that's exactly what I was asking too, because after the last
<br />meeting, as I drive around Hilo, there are driveways on every road. There's driveway access
<br />everywhere. The only road, I think, that didn't have any driveway access was Komohana from,
<br />probably from by the jail. The jail has a driveway access, but from the jail to Mohouli
<br />Extension, after that, or actually to the ag extension, the rest of its all driveway, is all driveway
<br />access everywhere all around town. Now, is that a terrible thing? I don't know. And, if the road
<br />lots have to be, again, a County dedicable road curb, gutter, sidewalk, 80 feet, whatever, the, it
<br />becomes prohibitive.
<br />And, again, going back to Condition I, if and really what we're asking for, is just some flexibility
<br />so it's not written in stone that we can't do it, but then if the Planning Director in the future says
<br />this makes sense just like the KTA driveway access, then he has the option to do that without
<br />having to repeat this process. So, it's really, and we thank you very much for the consideration,
<br />and really, we're asking for a little bit of relief in a lot of this upfront costs because the upfront
<br />costs are going to be translated into the real estate costs, and so we're trying to mitigate that the
<br />best we can. We're trying to make it affordable for locals, for local people who live there and
<br />for local businesses. Thank you.
<br />CLARKSON: Thank you. Are there any questions for the Applicant? I have one.
<br />MATSUURA: Yes.
<br />CLARKSON: I mean, this was, this project development was originally approved in 2010, and
<br />that was right after the financial crisis, but since then up until about a year ago, interest rates
<br />have been rock bottom. The opportunities for finance have been, will never be as good again,
<br />and now we have interest rates rising. What has been the reason why this project hasn't even
<br />gotten, well I don't want to say hasn't gotten started but, is not further along than it is?
<br />MATSUURA: Well, not to draw a real long story, but it's been—we've had it for ten years, and
<br />we started with a Project District. We had it amended, and we got favorable rezoning or
<br />whatever you want to call it back in 2010, ten years ago. Since then, and it's been a very long
<br />and expensive learning process, believe me, and it's not that we've been sitting around doing
<br />nothing. We've been trying. We have been through a number of developers, both international
<br />and local and national ones, and we've got a lot of interest. We've been through multiple
<br />EXHIBIT C
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