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Re: OWNERS MEETING DEC 17th 2009 (by Stephanie C.):

Hi Jason, Yes, they blamed it on the Gov. of Hawaii. They did mention hiring a law firm to contest the increase but that it could take several years to resolve and are using 2007 property values to determine property tax increase amount even though 2009 values are a lot lower. They did also discuss hiring a company to redo the plans for the North and South for redoing the flood zone insurance policy. So much was discussed and not anything that I can say was positive although since the proxy went out so late they rescheduled another meeting for Feb 25th I will also be there for that. You are welcome to email me personally as the owners that were there ( very few) all were not happy all for various reasons. Right now there is no value to owning vs renting stephanie stephaniechapa@hotmail.com