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t> . . COUNTY OF HAWAII STATE OF HAWAII RESOLUTION NO. 1 9 G 9 '1 RESOLUTION REQUESTING THE MAYOR TO DEVELOP A HAMAKUA LANDS DISPOSITION PLAN FOR COUNTY -OWNED PROPERTIES WHEREAS, in 1994, the Hawaii County Council agreed to accept approximately 4,400 acres of land from Western Farm Credit Bank as settlement for real property tax payments owed by the former Hamakua Sugar Company; and WHEREAS, these public lands, as presently roned, have. recently been valued at approximately $10,706,500; and WHEREAS, the settlement amount and the annual tax, revenues lost as a result of the private to public ownership conversion have shifted tax burdens to other lands during this period of public ownership; and WHEREAS, the County continues to struggle in distributing its limited resources amongst ever-increasing demands for more programs, services, and facilities; and WHEREAS, the disposition of these public lands will result in resources being made available for programs, services, and facilities and, more importantly, will place these public lands back on the real property tax rolls; and WHEREAS, the County Council finds that the County is not organized properly to handle land management and development programs; and WHEREAS, the County Council further finds that it is in the public's best interest that these lands be disposed of and that the proceeds be made available to meet the public's demand for more and improved programs, services, and facilities. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that it requests the Mayor to develop a disposition plan of the former Hamakua Sugar Company lands delineated in Exhibit A. BE IT FURTHER RESOLVED that the Hamakua lands disposition plan shall consider sale, exchange or other means of disposal.