COM 0395.002 2002-2004 - Laserfiche WebLink

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?r or~ Harry Kim ~,c~ •w ~ William Takaba Mayor Direclor • Nancy E. Crawford • Depury Direclor • •R•oi •Mi'~ County of Hawaii ~ ' Finance Department ~ 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 ! - (806) 961-8234 Pax (808) 961-8248 I--• =r September 10, 2004 Honorable James Arakaki, Chairperson and Members of the County Council Hawaii County Council 25 Aupuni Street Hilo, HI 96720 Dear Chairman Arakaki: Enclosed is Drafr 4 of Bill No. 175. Draft 4 proposes the following changes to Bill No. 175, Drafr 3: Section 19-53(h) is separated into three sub-sections to clarify how the proposed changes apply to properties in the nonspeculative residential use dedication program. Asub-heading has been added to the section - "Limitation on homeowner assessment." 1. 19-53(h)(1) refers to properties in the homeowner class as of January 1, 2004 and not dedicated to non-speculative residential use. 2. 19-53(h)(2) refers to properties dedicated to non-speculative residential use as of January 1, 2004. It allows cancellations of dedications without retroactive taxes and it spells out the basis on which the property will be assessed upon said cancellation. 3. 19-53(h)(3) refers to properties dedicated to non-speculative residential use as of January 1, 2004. It allows the continuation of the dedication and spells out the basis on which the property will be assessed upon termination. Please note that the "ramseyer type" format provided here notes the changes from draft 3 to draft 4and is provided for your convenience only. Due to rule of ?egislative drafting this format will not appear on Bill 175 drafr 4. 1(~i Limitation on homeowner assessment. For properties in the homeowner class as of January 1, 2004 and not dedicated to non-speculative residential use, the assessed value of the property shall not increase more than three percent (3%) per Q Comm. No. t~' Ref. To; PresseNeb iyef, fore CFP 1 ~ 2D04