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~^a <br /> COUNTY OF HAWAII STATE OF HAWAII <br /> RESOLUTION NO. 60 ' <br /> RESOLUTION TO POSTPONE PENDING PUBLIC AUCTION OF HAMAKUA LANDS IN <br /> PA`AUILO, TAX MAP KEYS (TMKS) (3) 4-3-07:01; 4-3-09:19; 4-3-09:24; 4-3-11:01 AND <br /> 4-3-11:02, TO ENABLE THE HAWAII COUNTY COUNCIL TO FORMULATE A PLAN <br /> OF LAND DISPOSITION TO HELP ALLEVIATE THE AFFORDABLE HOUSING CRISIS <br /> ON HAWAII ISLAND. <br /> WHEREAS, in 1994, the Council of the County of Hawaii, agreed to accept approximately <br /> 4,400 acres of land by Commissioner's Quitclaim Deed as a settlement for retroactive real property <br /> taxes among Western Farm Credit Bank, the County of Hawaii and Hamakua Sugaz Company, Inc.; <br /> and <br /> WHEREAS, on June 19, 2002, the Hawaii County Council approved Resolution No. 209-02 <br /> authorizing the sale by negotiation of the former Hamakua Sugaz Company, Inc. lands now under <br /> County ownership in addition to the authorization provided in Resolution No. 161-02 (sale by auction, <br /> land exchange by negotiation, and short-term lease by auction, seal bids or negotiation), which was <br /> approved on January 24, 2002; and <br /> WHEREAS, the Hawaii County Department of Finance contracted PBR Hawaii to prepare <br /> an environmental assessment on the TMKs: (3) 4-3-07:01, 4-3-09:19, 4-3-09:24, 4-3-11:01 and 4-3- <br /> 11:02, Pa`auilo, Hamakua, Hawaii encompassing approximately 700 acres for the purpose of selling <br /> said properties; and <br /> WHEREAS, the Final Environmental Assessment states that the Hawaii County Department <br /> of Finance proposes to sell the subject properties at public auction; and <br /> WHEREAS, section 2-112, of the Hawaii County Code 1983 (2005 Edition, as amended) <br /> states, in part, "Unless the council finds substantial reasons to dispose of real property in some other <br /> manner, all disposition of real property shall be made at public auction, after public notice as provided <br /> in section 2-111...:'; and <br /> WHEREAS, the Hawaii County Council finds the current affordable housing crisis to be a <br /> substantial reason to halt the disposition of said properties through public auction as it would eliminate <br /> <br /> the opportunity for most Hawaii Island residents, especially first-time buyers, to compete for purchase <br /> of these properties; and <br /> WHEREAS, the escalation of property values has turned the American dream of home <br /> ownership for many Hawaii Island residents into a virtual impossibility; and <br /> WHEREAS, subsection 2-114(a) of the Hawaii County Code 1983 (2005 Edition, as <br /> amended) states, "Real property may be sold or leased through negotiation upon finding by the council <br /> that the public interest demands it and upon approval of the minimum conditions and selection criteria <br /> of the council."; and <br /> <br />