|
Development Authority, the HCDA. HCDA, as we mentioned before, has redevelopment
<br /> authorities in Kaka`ako, He`eia, and Kalaeloa. And, it also established funding for that district.
<br /> So, in the horse race that was a legislative session, everything in the house bill—the house bill
<br /> seemed to move forward. Again, the Legislative Session ran from January to May, so it just
<br /> ended here recently. And, you can see here, this is just a graphic of those paired bills there. Five
<br /> seven five is the only bill that actually made it through both its House and Senate counterparts
<br /> and made it through committee or conference and actually was approved by the Leg.
<br /> Fourteen sixty-nine, which is the one DLNR redevelopment, it kind of swallowed the Waiakea
<br /> one here under 1310. It went forward, and it made it through both the House and Senate sides,
<br /> but did not make it out of the committee.
<br /> And, lastly, the 1292, which is the HCDA and its 1479, it again, it made it through its House and
<br /> Senate sides and—and also got, didn't leave that, didn't get out of conference, I believe. Sorry,
<br /> not committee. Didn't get out of the, out of conference. So, in terms of this Session, HB 575 or
<br /> the amended version of HB 575, which we'll talk about in the next slide, is the only thing that
<br /> made it through. So, technically, those other bills are not alive in this Session. However,
<br /> there's, we're in this kind of unique situation where we're in the biennium which means that bills
<br /> that aren't passed this Session are still alive and can and will carry over to the 2018 Session. The
<br /> slate will be wiped clean after 2018, but the bills do, are still—they do not have to be
<br /> reintroduced. They are still alive in 2018. They have to go through their same committees and
<br /> everything that they were initially assigned to, but they could be resurrected here in the next
<br /> Session.
<br /> So, the outcome of it all, so as originally proposed, HB 575 again amended, was proposed to
<br /> amend 171 to allow BLNR to extend commercial, hotel, resort, and industrial leases within
<br /> Banyan Drive and Kanoelehua when commitment for substantial improvements was made. In
<br /> this situation, how it, it went through both a House drafts and Senate drafts and then a conference
<br /> draft. So, the way it was passed by the Legislature, it amends Chapter 171 to allow the lessees of
<br /> State lands classified as commercial or industrial with less than ten years left on their lease to
<br /> request an interest in re-leasing or new lease negotiations with BLNR. It allows BLNR to extend
<br /> school or government leases with exceptions beyond the 65-year limit that's identified in HRS
<br /> 171 without going to public auction.
<br /> So, that is what, how 575 passed the Legislature. Right now, it's on the Governor's desk. Final
<br /> approval, the Governor's signature or a veto, is—the deadline for that is July 1 lth. So, that
<br /> action, still is a little time left on that action for the Governor to make his decision.
<br /> In terms of impact on BDHRA or the redevelopment properties, we don't really identify any. In
<br /> our review, simply because it was limited to the commercial and industrial leases so that may not
<br /> have as large of an impact on or may not have an impact on the BDHRA's redevelopment area.
<br /> And, that is the summary of the 2017 Legislation and where it is and where some of those bills
<br /> got left off, and if there's any clarifying questions, I can offer, or if there's anything to clarify, I
<br /> can offer. I'm happy to do so, but that is what we have for Agenda Item No. 1.
<br /> Page 3 of 8
<br /> Banyan Drive Hawaii Redevelopment Agency
<br /> May 31,2017 Minutes
<br />
|