City & County of Honolulu

Council candidates file
financial disclosures

Ann Kobayashi's assets are the
highest among all candidates

By Rosemarie Bernardo

Honolulu City Councilwoman Ann Kobayashi owns 50 percent of two family businesses each worth at least $1 million, according to a financial disclosure form.

Kobayashi's assets are the highest among all 37 candidates vying for a seat on the Council in this fall's elections.

All candidates were required to file papers with the city yesterday disclosing their financial assets including income, loans, owned businesses and real property. Candidates are also required to disclose the finances of their spouse and dependent children.

Candidate Brian Kessler who filed to represent District 6 (Makiki-Kalihi Valley), withdrew from the race yesterday because he is required to move to the East Coast immediately for work-related reasons. Kessler is the vice president of business development with Nanosoft Corp., a division of Broadbus Technologies.

Kobayashi owns 50 percent of AP Kobayashi Family Limited Partnership which runs a rental apartment building on Young Street. Kobayashi also owns 50 percent of Kobayashi Asset Management Corp. The former state Senator who is running for District 5 seat (Kapahulu-Kakaako) also owns property on Metcalf Street worth an estimated $300,000 to $399,000 and 50 percent of a property on Waaloa Way that is worth $400,000 to $499,000.

Former state Senator Stan Koki, who is running for the District 3 seat (Heeia-Waimanalo), owns five homes on Malio Place in Kaneohe each valued between $150,000 and $499,000. Koki listed an outstanding loan of at least $1 million from Prudential Financial.

District 4 candidate Robert Fishman earned between $150,000 and $199,999 while he was president and chief executive officer for the Hawaii Tourism Authority. He was hired in 1999 on a three-year contract that ended in March, however he left the authority after he was called up by the Army Reserves in October. The HTA gave him a severance package that included four months salary. Fishman also owns Fishman Enterprises, Inc., valued between $25,000 and $49,999.

The only Council candidate who did not file financial disclosure papers was Guill S. Colon in District 9 (Kunia-Mililani Town).

City & County of Honolulu

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