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JNYY Os M+4'i COUNTY OF HAWAII •: .�/:• STATE OF HAWAII • ,TE Of Aso'_... , RESOLUTION NO. 533 16 RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO NEGOTIATE A LEASE OF REAL PROPERTY, KAPULENA AGRIGULTURE PARK, SITUATE AT HAMAKUA, COUNTY AND STATE OF HAWAII, IDENTIFIED AS TAX MAP KEYS: (3) 4-7-006:001 AND (3) 4-7-006:018, TO THE HAMAKUA COUNTY FARM BUREAU WHEREAS, the County of Hawai`i (hereinafter"County") holds fee simple title to real property described as Kapulena Agricultural Park, which constitutes approximately one thousand, seven hundred (1,700) acres, plus or minus, of raw agriculturally zoned land and which is comprised of the following parcels of real property identified by the following Tax Map Key Numbers (hereinafter "TMK"): a portion of(3) 4-7-005:01, 02 & 03; and (3) 4-7-006:01, 05, 06, 07, 10, 18 & 20; and WHEREAS, Hamakua County Farm Bureau (hereinafter"HCFB"), a non-profit subordinate organization of Hawai`i Farm Bureau Federation, desires to lease TMKs (3) 4-7-006:001 and (3) 4-7-006:018, consisting of 441 acres, plus or minus, and delineated in red on Exhibit "A", for purposes of pasture development, livestock grazing, silviculture and other related activities; and WHEREAS, in 1994, the Council of the County of Hawai`i agreed to accept approximately four thousand four hundred (4,400) acres of land by Commissioner's Quitclaim Deed as a settlement of retroactive real property taxes among Western Farm Credit Bank, the County and Hamakua Sugar Company, Inc.; and WHEREAS, the Council of the County of Hawai`i, pursuant to Resolution No. 196-97, adopted on January 16, 1998, requested that the Mayor develop a disposition plan for the former Hamakua Sugar Company, Inc. lands now under County ownership; and