Laserfiche WebLink
<br />Kaiholena (parcels 21 and 22) <br /> <br />An offer was received based upon the County putting 1.4 million down, 1.65 million in grant monies <br />and carrying a note of 1.407 million. Corporation Counsel is currently reviewing the note part of this <br />to see if it can legally be done and if so whether it needs Council approval. <br /> <br />Currently all the properties that have resolutions (K, Kaiholena, Kingman, Pohoiki and Kahuku) <br />total approximately 14 million to acquire. ing a deposit into the <br />fund sometime in October. <br /> <br />Kingman <br /> <br />There is a park plan put together by P&R and a willing seller. The two parcels to be acquired with 2% <br />funds were appraised at 3.2 million and the third parcel to be purchased with other funds would be <br />420,000.00. <br /> <br />Pohoiki <br /> <br />A resolution was passed recently by Council and the appraised value came out to 845,000.00. The <br />owners are not satisfied with this price and are having another appraisal done. <br /> <br />Kahuku <br /> <br />This property also has a resolution and the appraisal came out to 2.4 million. <br /> <br />Mr. Hirakami asked that with so much properties and not enough money in the fund, how does the <br />County decide the order to proceed. <br /> <br />Mr. Van Bergen replied that there really is no definitive answer. Once Council passes a resolution we <br />look at willing sellers, matching funds and of course active community groups in the districts that are <br />willing to work with the County for the long term management and maintenance of the property. <br /> <br />If Corporation Counsel rules that we can do owner financing and have multiple fiscal year escrows <br />then it will make it easier for us to look at more properties. <br /> <br />NEW BUSINESS (continued) <br /> <br /> Commissioners to discuss, review and assess Suggestion Forms submitted by the public <br />for 2011 <br /> <br />(the commissioners went into discussion regarding the Suggestion Forms submitted by the public for <br />2011) <br /> <br /> <br /> <br />- 9 - <br /> <br />