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BRUCE ASATO / BASATO@STARADVERTISER.COM Kekoa Kaluhiwa, left, deputy director of the state Department of Land and Natural Resources; Mayor Kirk Caldwell; city Councilman Trevor Ozawa; and Rick Egged, president of the Waikiki Improvement Association, looked at the old Royal Hawaiian groin Monday on the beach fronting the Sheraton Waikiki and Royal Hawaiian Hotel. Caldwell signed into law Bills 81 and 82, which will tax Waikiki commercial property owners to help fund coastal protection. Restoration of the Royal Hawaiian groin, built around 1927, is slated to be the first use of the new revenue.