Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 2550, S.D. 2, entitled:

begs leave to report as follows:

The purpose of this bill is to establish the Kakaako Central Small Business District (Business District) within the Kakaako Community Development District that:

Electrical Equipment Co. Ltd., H. Hamada Store, Inc., Interior Showplace, Ltd., eVehicles of Hawaii, LLC, Save Our Kakaako Makai, Windstar Foundation, Honolulu, Hawaii State Bodysurfing Association, and many concerned individuals testified in support of this bill. Friends of Kewalo Basin Park Association, Save Our Kakaako Coalition, Kakaako Business and Landowners Association, U. Okada & Co., Ltd., Pacific Focus, Inc., T&T Tinting Specialists, Inc., and many concerned individuals supported this measure with amendments. The Hawaii Community Development Authority, Kamehameha Schools, and General Growth Properties, Inc., opposed this bill. The Department of Planning and Permitting of the City and County of Honolulu offered comments.

Your Committee has amended this bill by:

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2550, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2550, S.D. 2, H.D. 1, and be placed on the calendar for Third Reading.