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§ 2 -217 HAWAI`l COUNTY CODE <br />Section 2 -217. Duties and responsibilities of the commission. <br />The duties and responsibilities of this commission are: <br />(1) To develop and submit to the mayor, an initial island -wide prioritized list of qualifying lands <br />worthy of preservation within six months of being confirmed to the commission by the council. <br />Priorities shall be listed on an island -wide rather than district basis. The list shall include the <br />significance of each parcel or entitlement identified, the reason for its priority, and its anticipated <br />use after acquisition; <br />(2) To update this list at any time, but at least annually by December 31 of each year; and <br />(3) To explore methods of funding land acquisition and make recommendations to the mayor. <br />(4) The commission shall give emphasis to land acquisitions where the County's contribution can be <br />leveraged to obtain State, Federal, and /or private funds. <br />(2005, Ord. No. 05 -166, sec. 4.) <br />Section 2 -218. Prioritized list of qualifying lands worthy of preservation. <br />(a) The prioritized list developed by the commission shall be submitted to the mayor for comments and <br />recommendation. Within sixty days after receipt, the mayor will submit the list to the council with <br />comments and recommendations. The council shall, by resolution, select the land or lands to be <br />preserved. Under no circumstances shall the purchase price paid for a property exceed the appraised <br />value as prepared by an independent appraiser engaged by the County. Where there are multiple lands <br />under consideration at any one time, priority shall be given to coastal lands and lands where matching <br />funding is available to leverage the County contribution. <br />(b) Negotiations for acquisition of lands to be preserved shall occur between the County and the seller or its <br />commissioned agent, or a licensed broker only. The commission shall have no role in the negotiations <br />other than in its advisory capacity. <br />(c) Appraisals, title reports, surveying and other costs incidental to the acquisition of land shall be permitted <br />uses of this fund. These costs shall be allocated equally between the seller and the buyer. <br />(d) Adequate staff to carry out the provisions of this article and to manage the land acquired shall be <br />provided in the department of finance to maximize the use of available funds by minimizing the payment <br />of commission to outside agents to put together funding plans and to ensure that the County is a good <br />steward of any land that comes under its control through this article. <br />(2005, Ord. No. 05 -166, sec. 5.) <br />Article 43. Budget Stabilization Fund. <br />Section 2 -219. Creation of fund. <br />Pursuant to section 10 -12, Hawaii County Charter 2000, a special fund to be known as the budget <br />stabilization fund is created for the purpose of meeting general fund revenue shortfalls and to minimize the <br />need for budget cuts or tax increases. The budget stabilization fund shall be a temporary supplemental source <br />of funds for the County to use during times of financial hardships while a plan for cost reduction or revenue <br />enhancement is developed. <br />(2006, Ord. No. 06 -101, sec. 1.) <br />Section 2 -220. Funding. <br />Each fiscal year following the creation of the budget stabilization fund, moneys shall be transferred to this <br />fund as recommended by the mayor and approved by the council. <br />(2006, Ord. No. 06 -101, sec. 1.) <br />SUPP.2 (7 -2006) 2 -66 <br />APPENDIX 1 <br />