COM 0452.001 2008-2010 - Laserfiche WebLink

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WHEREAS, the sixteen (16) properties delineated in EXHIBIT "A" totals up to 737.302 acres and would be the largest and most significant county owned land sale transaction attempted by the County Finance Director and Mayor of the County of Hawaii; and WHEREAS, in March of 2005, the County of Hawaii sold 660 acres of public lands in Hamakua for $1.6 million. During the same 2005 year, the selling price of the 660 acres was listed for $4.9 million. In February of 2007, the same property selling price rose to $6.9 million. Today, the former public lands selling price is $12.5 million, which is a 681% increase over the asking price of the County of Hawaii; and WHEREAS, the people of the County of Hawaii have the right to provide public input into the long-term disposition of property owned by the residents of the Big Island as well as insuring a fair and equitable price for any public land holdings; and WHEREAS, the execution and timing of selling these public properties would eliminate the opportunity for public input and planning through the Hamakua Community Development Plan (CDP), which was funded and adopted unanimously by Mayor Kenoi and the Hawaii County Council; and WHEREAS, having a transparent process prior to executing any deal with prospective buyer(s) would insure the public that government is acting in the best financial and land use interest of the people; and WHEREAS, the Council will allow the Administration to proceed with disposition of real property as delineated in EXHIBIT "A" in fee simple, by public auction or sealed bids; however, the intended use of the public land by the potential buyers(s) shall be heard through a resolution submitted by Administration to the Hawaii County Council prior to consummating any deal or transaction with a prospective buyer(s); NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII, through its authority under Sections 2-I 12, 2-I 13, of the Hawaii County Code, that it approves of and directs the Finance Director or authorized representative to proceed with the sale by auction or sale by sealed bid, of so much as may be necessary of the former Hamakua Sugar Company, Inc. lands now under County ownership which are delineated on the list labeled Exhibit "A." BE IT FURTHER RESOLVED, that the administration shall submit to the Council a resolution outlining the intended use of the public lands as proposed by the prospective buyer(s), as well as the agreed upon price for the public property prior to consummating any deal or transaction. BE IT FURTHER RESOLVED, that the aforementioned resolution must be approved by the Council before the Finance Director of the County of Hawaii proceeds with finalizing any land transaction with prospective buyers on parcels delineated in EXHIBIT "A".