RES 173 Draft 01 1996-1998 - Laserfiche WebLink

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. . . " . NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAI'I, that it hereby approves the Ali'i Kai Apartment rehabilitation project for General Excise Tax exemptions pursuant to Chapter 201E-20S, as amended, of the Hawai'i Revised Statutes. BE IT FURTHER RESOLVED, that the Office of Housing and Community Development is hereby directed to support the request to the Department of Finance, Real Property Tax Division, for Real Property Tax exemptions pursuant to Section 19-87 of the Hawai'i County Code. BE IT FURTHER RESOLVED, that the Mayor or Acting Mayor is hereby authorized to execute an agreement with Day-Lum, Inc., to regulate the implementation of the exemptions of the State General Excise Tax and the County of Hawai'iReal Property Tax. BE IT FURTHER RESOLVED, that the Office of Housing and Community Development is hereby directed to enforce and monitor said agreement and to notify the affected agencies when the project is no longer eligible for the exemptions of the State General Excise Tax and the County of Hawai'i,Real Property Tax. BE IT FURTHER RESOLVED, that this resolution shall take effect immediately. BE IT FURTHER RESOLVED, that a copy of this resolution be transmitted to the Hawai'i Community Reinvestment Corporation; Day-Lum, Inc.; and the Office of Hou~ing and Commu~ity Development. ' Dated at Hilo, Hawai'i, this 13th day of November 1997. CO COUNTY COUNCIL County of Hawaii HHo, Hawaii I hereby certify that the foregoing RESOLUTION was by the vote indicated to the right hereof adopted by the COUNCIL of the County of Dawail on November 13, 1997 ATTEST: COUNTY CLERK I _ AYES NOES ADS EX ARAKAKI X CHUNG X LEITHEAD- TODD X RAY X REYNOLDS X SANTANGEW X SMITH X TYLER X YAGONG X 7 1 1 0 Reference C-547 CHAIRMAN & PRESIDING OFFICER RESOLUTION NO. 17S .' B., 0720H.EST