REP FC 142 08/21/2007 2006-2008 - Laserfiche WebLink

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REPORT OF THE COMMITTEE ON FINANCE DATE: August 21, 2007 Re: Comm. No. 584/Res. No. 293-07 PLACE: Council Chambers, Ben Franklin Bldg. TIME: 3:08 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 293-07, reports as follows: Resolution No. 293-07, transmitted by Assistant Corporation Counsel Gerald Takase ,via Communication No. 584, dated July 31, 2007, authorizes the Director of Finance to negotiate a lease of real property, Ululani Street Extension, situate at Waiakea, South Hilo, County and State of Hawaii, identified as TMK (3)2-4-057:031, to the Hawaii Island Veterans Memorial, Inc., for the purpose of construction and development of a combined veterans center, veterans housing, and other related purposes. The Hawaii County Council previously approved the negotiation of a lease with the Hawaii Island Veterans Memorial, Inc., for the main parcel through Resolution No. 168-04. Pursuant to Section 2-120 (a) (2) of the Hawaii County Code provides that the Council of the County of Hawaii may, by resolution approved by a majority of its members, direct the finance director to negotiate the lease of real property to nonprofit organizations, at such rentals and on such terms and conditions as deemed proper, and Section 2-120 (b) provides such lease of real property to nonprofit organizations may be made without the notice or appraisal as required in Chapter 2, Article 19 of the Hawaii County Code. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 293-07, and recommends its adoption. la Hues noes A&E ex Respectfultysubmitted, FORD X RIGA x COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE X PILAGO x DOMINIC YAGO , YAGONG X FC RE O. 142 YOSHIMOTO X ADOPT 207