COM 1275.000 2006-2008 - Laserfiche WebLink

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Form B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Public Works DATE: May 28, 2008 STAFF CONTACT: Casey Yanagihara PHONE: 961-8321 A. REQUEST: Resolution to allow the Department of Public Works to enter into a multi-year lease agreement, for the construction of an off-street public parking lot and a vehicle turnaround (u-turn) area. This lease will be between the County of Hawaii and the Kainaliu Properties, LLC, a Hawai'i Limited Liaility Company, for the use of a portion (approximately 13,370 sq.ft.) of the parcel identified as TMK: (3)7-9-007:005, in Kainaliu, North Kona, Hawaii. B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): The Department has negotiated with the property owners, and settled upon a multi-year lease agreement to allow the construction of an off-street public parking lot and a vehicle turnaround area. This proposal will help to provide; 1. Additional public parking spaces; to aid in the replacement of on-street parking that the Department would like to temporarily disallow (time-limit parking) during a propose test. This test would be to disallow on-street parking during the AM & PM peak traffic periods. The temporary removal of on- street parking will allow smoother traffic flow, especially through the congested town area. 2. A turnaround area for vehicles on both ends of town. This will allow vehicles to safely "u-turn", to head back into town, when the Department disallows left-turn movements, during certain periods of the day. Disallowing left-turn movements will aid in allowing smoother traffic flow. This turnaround (Kainaliu Properties, north) will be coupled with another turnaround, on the southern end of town (Kadooka, south). The agreed amount of lease will be $12,000 per year, plus the waiver of a prorate share of the parcel's 2008/2009 real property tax, calculated to be $962.64. Attachments: Resolution SIGNED: DATE: .SA4Z2 R ~~~papartment Head f I