COM 0927.013 2004-2006 - Laserfiche WebLink

Home

75-143 Hualalai Road, Suite 202 Kailua-Kona, Hawaii 96740 (808) 326-4675 Fax (808) 329-3779 alan(ajwestprodev.com WRITTEN TESTIMONY OF ALAN DICKLER IN RESPONSE TO RESOLUTION 381-06 JUNE 20, 2006 While it would be easy to dismiss this testimony because we are developers, please understand that first and foremost we are residents living in Kona and we experience the same frustration as the public in general. However we do not believe the proposed resolution is the prudent route to any solution to the on going problems of traffic or affordable housing. This Council has made great strides with the amendment to Chapter 25 with respect to Affordable Housing in early 2005. The benefits to the Community are just now starting to manifest themselves in new projects and responsibilities to developers planning new projects. One of the key ingredients to making Chapter 25 work is the ability of Affordable developers to sell credits to offset construction costs. With the potential of no new projects having the responsibility to provide qualified units there will be less opportunity for Affordable developers to make economic sense of building new housing. Secondly, as all of you are painfully aware, the process to get from conception to construction is arduous, costly and time consuming. Some affordable projects are just now ready to come before the County for approval that will get unnecessarily delayed if this action is implemented. Finally, the business community in general depends on both local and national banks to finance day to day operations. The passage of this resolution by the Council or continued discussions that are perceived as anti-business will have detrimental effects on the ability for business to get favorable financing from institutions because of the perceived additional risk to business. Tll,Vk you for the opportunity to submit this testimony. I am available to discuss any of these p Vie o VA V Pres ident Comm. No. 9Z7• Ref. Tdt1 Ref. Date