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and it authorizes the Board of Land and Natural Resources to give an extension for up to 15
<br /> years on these leases. It does require the lessees to make substantial commitments to the
<br /> improvement of the properties at a value of over 50 percent of the market value. And these
<br /> are for properties that are in Banyan Drive and the Kanoelehua Industrial. That's what this
<br /> one does. This bill strictly deals with the leases on these properties within Banyan Drive and
<br /> Kanoelehua. The reason that that 65, and we have that listed as a concern but it was more
<br /> brought about on a State level, the reason initially they were held to 65 is to allow others an
<br /> opportunity to get in on a State lease. Currently, House Bill 575 is the one that seems to be
<br /> moving forward. It has been through, I believe, had two referrals,two different committees.
<br /> It's been heard by one, it's moved to finance as this House Draft one, so it's already been
<br /> amended. The Senate Bill has not moved outside of its it hasn't been heard by any
<br /> committees yet.
<br /> The next bill that we're going to look at here really fast is 1469, House Bill 1469, and its
<br /> companion Senate Bill 1185. I'll mention right up front that,just like the other senate bill
<br /> companion, Senate Bill 1185 hasn't moved outside yet of any of its committees. But this bill
<br /> it's relating to public lands is the title, and it also deals with Hawaii Revised Statutes
<br /> Chapter 171 relating to the management disposition of public lands. The identified problem,
<br /> or the issues that it's trying to address, are largely the same; it's dealing with the management
<br /> of the lands, of the State lands, and the current disposition based on their ability to secure a
<br /> lease. What we have here is,this bill actually does a couple things, it's more broad in the
<br /> sense that it does not directly deal with Banyan Drive or Kanoelehua, it deals with the
<br /> formation of—it identifies a structure for a redevelopment agency to have a planning
<br /> committee and a redevelopment plan. It also modifies, similar to the first bill, it modifies the
<br /> ability to secure a longer State lease. It has members from the community, a couple members
<br /> from the community, it also requires, similar to BDHRA,the development of a plan which
<br /> requires public meetings. They do have a proposed two-year time limit to submit a master
<br /> plan to the Leg for the 2020 session, and this,whatever development plan comes out of this
<br /> would supersede any other development plans for the area. And again, like I mentioned
<br /> before, it also addresses the lease issue. So this is a more involved bill than just the lease, it
<br /> also identifies the plan for redevelopment and the financing for it.
<br /> The next one here is 1469, House Bill 1469 and 1185. Now this, 1469 is actually dependent
<br /> upon the legislation proposed in this previous bill. So it needs this other legislation which
<br /> allows for a redevelopment district to go through. This bill is directed towards the Waiakea
<br /> Peninsula. So the title, it's the Waiakea Peninsula Redevelopment District,Planning
<br /> Committee, and Revolving Fund. So it uses the previous legislation that we just mentioned to
<br /> form this redevelopment area, or this redevelopment district, and again the problem is the
<br /> same, it was essentially identifying that there's a lack of incentive to make a lot of
<br /> improvements based on their ability to secure a longer lease. So this again,uses the proposed
<br /> legislation in the previous bill to build or create this Waiakea Peninsula Redevelopment
<br /> District. It does have a funding source identified. It does form a revolving fund for revenues,
<br /> 50 percent of revenues, incomes,receipts from the public lands within the district. It does
<br /> leave the development and the management under the DLNR. Similar to the other two that
<br /> we just saw,this Senate Bill has not gained traction, or has not been heard by committee,
<br /> however the House Bill has; it had three referrals to committees, it has went through two of
<br /> them, and its currently at Finance—will be heard at Finance. The other Senate Bill has not
<br /> had movement on its side out of any of the committees. And this Waiakea Peninsula is the
<br /> identified district where it's limited to so Banyan Drive Hawaii Redevelopment Agency,the
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<br /> Banyan Drive Hawaii Redevelopment Agency
<br /> February 22,2017,Minutes
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