Laserfiche WebLink
Mtv or <br /> • <br /> <br /> Stephen K. Yamashiro Richard Wurdeman <br /> 1vrn7or _ Corporation Counrel <br /> ~R'er i~+~ <br /> (nuurcfg n~ ~ttfutttt <br /> OFFICE OF THE CORPORATION COUNSEL <br /> l0l Aupuni Stree4 Suite 325 • Hilo, Haxvi'i 96720.4262 • (808) %1.8251 • Faz 1808) %1-8622 - <br /> November 13, 1997 <br /> Chairman James Arakaki <br /> Hawaii County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> Dear Chairman Arakaki: <br /> Re: Resolution 415-96 <br /> We received the enclosed correspondence from Mr. Larry Scollick, Tax Law Specialist, with the <br /> Department of Internal Revenue Service, who has indicated that the Hamakua Housing Corporation is in <br /> fact a 501(c)(3) corporation and has been recognized by the Department of Internal Revenue Service <br /> through the cumulative list of organizations described in Section 170(c) of the Internal Revenue Code. <br /> As shown in the attached materials, I had forwarded these materials to Roy Takemoto of the <br /> Hamakua Housing Corporation upon its receipt, and thought he would have rewtiated the resolution <br /> before the Council. <br /> Based on the IRS letter, it is our opinion that the Hamakua Housing Corporation is in fact a <br /> nonprofit organization as defined under Section 2-110(a)(4) and in a position to exchange real property <br /> as a nonprofit corporation through Section 2-115, Exchange of real property, and Section 2-120, <br /> Disposition to government, governmental agencies, nonprofit organizations, and affordable housing <br /> developers. The contentions ofNoelani Mason are contrary to the information provided by the IRS. <br /> Should you have any further questions, please feel free to call. <br /> Sincerely, <br /> RICHARD D. WURDEMAN <br /> Corporation Counsel <br /> gy tl,.L~-. <br /> G ALD TAKASE <br /> Deputy Corporation Counsel <br /> GT:de <br /> Encs. <br /> a:~hamakuaU trrncil. wpd <br /> cc: Noelani Mason ( ~ f ~ ~r ~ <br /> <br />