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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: June 2, 1998 Re: Comm. No. 862/Res. No. 279-98 <br /> PLACE: Councilroom <br /> TIME: 10:45 A.M. <br /> Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 279-98, reports as follows: <br /> Resolution No. 279-98, transmitted by Council Member J. Curtis Tyler, III, via Communication <br /> No. 862, dated May 20, 1998, requests the Mayor to negotiate with SoBay Hawaii, Inc. for <br /> acquisition of certain beachfront property at Wai'aha Bay, North Kona, Hawaii, designated as <br /> TMK:(3)7-5-018:020. <br /> Currently, SoBay Hawaii, Inc. owns the beachfront property at Wai'aha Bay, North Kona, <br /> designated as TMK (3)7-5-018:020, and is planning to develop a 21-unit condominium <br /> consisting of 4-stories and an underground parking gazage thereon. The subject property is rich <br /> in natural beauty and contains one of the few white sand beaches in Kona. This land and <br /> Wai'aha Bay, also known as Honl's, are used by many residents and visitors alike for various <br /> recreational activities. <br /> [n accordance with various sections of the Hawaii County General Plan, the County is mandated <br /> to protect, preserve and enhance the quality of such areas. Furthermore, the Plan establishes a <br /> policy to maintain the shoreline of Hawaii for recreational, educational, and/or scientific uses. <br /> Recognizing the opposition of SoBay Hawaii's proposed project by many island residents, and to <br /> <br /> be consistent with the Hawaii County General Plan, Resolution No. 279-98 requests the Mayor <br /> to negotiate with SoBay Hawaii, Inc. to acquire the beachfront parcel at Wai'aha Bay. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 279-98 <br /> and recommends its adoption. <br /> Ici <br /> Ayes rvaes A&8 ex Respectfully submitted <br /> CHUNC X <br /> LEITHEAD-TODD X COMMITTEE ON FINANCE <br /> RAY X <br /> SANTANGELO X <br /> SMITH X <br /> TvLER X AARON S.Y. CHUN ,CHAIR <br /> vAGONG X FC REPORT NO. 254 <br /> ARAKAKI, E.O. M. ADOPTED: ~I~I ~ IQQa <br /> <br />