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From: Teri Price <br /> To: WPCtestimony <br /> Subject: Implications of Bill 121 <br /> Date: Thursday,April 4,2024 3:33:59 PM <br /> Attachments: Kona Kai Resoonse.odf <br /> 438 East 200 South,Third Floor <br /> Salt Lake City,UT 84111 <br /> Phone: 801.355.0105 <br /> Fax: 801.532.2198 <br /> WW <br /> scna <br /> net <br /> Ap '14, 2024 <br /> Dear Chairperson Lin and Members of the Commission, <br /> We are Teri and Rick Price, experienced accountants, and we write concerning the financial <br /> implications of Bill 121 on hosted rentals. Our particular concern is the proposed quiet hours <br /> and the financial fallout they could precipitate for small business operators like us who host <br /> guests in our homes. The issue at hand is that strict enforcement of quiet hours could lead to <br /> a disproportionate number of fines or even temporary shutdowns of hosted rentals. <br /> Such punitive measures could significantly disrupt the expected income for homeowners, <br /> many of whom depend on this supplemental revenue to maintain financial stability. The loss <br /> of income not only affects individual households but could also ripple through our local <br /> economy, reducing discretionary spending and affecting community businesses. <br /> To mitigate this, we recommend a more balanced approach that safeguards neighborhood <br /> tranquility while also protecting the financial integrity of hosted rental operations. The focus <br /> should be on objective noise level assessments rather than subjective interpretations of <br /> "disturbance," thereby preventing unnecessary economic consequences for compliant <br /> homeowners. A financially healthy hosted rental sector is crucial for the broader economic <br /> wellbeing of our island, and we believe that a fair and balanced approach to regulation will <br /> best serve the interests of all parties involved. <br /> Thank you for considering the economic realities facing our community's homeowners and <br /> for striving to enact legislation that supports, rather than hinders, our collective prosperity. <br /> Mahalo, <br /> TwvEr IZ6ckPvU%- <br /> TL B L C <br /> CONSULTING <br /> BLISINE55SOLUTIONS 11DVWNQ <br /> t matin cr we i+a�ors uYxwx�n�o r..,, <br /> Voice: (801) 355.0105 <br /> Fax: (801) 532.2198 <br /> This communication (including attachments) is covered by the Electronic Communication Privacy Act, <br /> U.S.C. Sections 2510-2521, is confidential, and may contain privileged information. If you are not the <br /> intended recipient, or the employee or agent responsible for delivering the message to the intended <br />