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administration of the Section 8 Rental Assistance Program (together with the admission limits, <br /> the "HAP Requirements") for the duration of the Lease; and <br /> WHEREAS, Chapter 2, Article 19, Section 2-120(a)(2), Hawaii County Code, as <br /> amended, provides that the County Council may direct the Finance Director to negotiate the <br /> disposition of real property by lease to affordable housing developers at such rentals and on such <br /> terms and conditions as deemed proper; and now, therefore <br /> BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII, that the <br /> Finance Director is hereby authorized to enter into a multi-year lease for 75 years with <br /> PAPA'ALOA ELDERLY HOUSING LIMITED PARTNERSHIP for the purpose of <br /> rehabilitating and maintaining the existing rental housing apartment for senior citizens at a set <br /> lease rental amount of Ten Dollars ($10.00) per year. <br /> BE IT FURTHER RESOLVED that the Mayor of the County of Hawaii or his <br /> authorized representative is hereby authorized to execute the lease agreement and any other <br /> documents required to induce financing entities to provide funding for the project; and <br /> BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this <br /> resolution to the Office of the Mayor, the Department of Finance, and the Office of Housing and <br /> Community Development. <br /> Dated at Kona , Hawaii, this 21st day of October , 20 20 . <br /> INTROD ' - i . <br /> AIM" <br /> .f <br /> rep <br /> CO (CIL el47MAMI-IFITY 0 AWAI`I <br /> COUNTY COUNCIL ROLL CALL VOTE <br /> County of Hawai`i AYES NOES ABS EX <br /> Hilo, Hawai`i CHUNG X <br /> DAVID X <br /> I hereby certify that the foregoing RESOLUTION was by EOFF X <br /> the vote indicated to the right hereof adopted by the COUNCIL of the KANEALI`I-KLEINFELDER X <br /> County of Hawaii on October 21, 2020 <br /> KIERKIEWICZ X <br /> LEE LOY X <br /> ATTEST: POINDEXTER X <br /> RICHARDS X <br /> VILLEGAS X <br /> 9 0 0 0 <br /> _ I y <br /> Reference: C-1121/Waived FC <br /> • CLERK RPERSON &PRESID <br /> G OFFICER RESOLUTION NO. �/5 20 <br />