2018-07-25 BDHRA Minutes - Laserfiche WebLink

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DELIMA: We need money, you mean. YEE: That too. Mostly that. KAHELE: On the money piece, you know I was a big advocate of shared resources. County of Hawaii puts in money, State puts in money. The fourth of May, and what's happened to our island the last few months, has changed that decision for me. I don't expect when we get property tax bills starting to come in next month and we're short five, six million, the Leg didn't appropriate more TAT to Hawaii County that I can go back and say, "Hey, Mayor, we need you to put in two million for Banyan Drive," no way. So I think it's gonna fall more to the State and DLNR to invest that money. I can't expect Mayor Kim to do that when, when we're in a major, major budget crunch now. And we don't know how long this is going to last. We don't know the economic financial impact to this county, and that's why even think more the State has to take the lead role in investing financial resources on the peninsula. DELIMA: Where does that money go, the lease money. Does it go to the General Fund or does it go into DLNR HEIT: It goes into a special land development fund. Eighty percent does, twenty percent off the top goes to Office of Hawaiian Affairs. KAHELE: Yeah, it's called the SLDF, Special Land Development Fund. It's under like DLNR 101 is the program code. That's where all the revenue from lease rent goes. It's managed by the Land Division. Russell Tsuji is the director of that division and, if I'm not mistaken, it generates just about $800,000 a year on the peninsula is paid to SLDF. With Naniloa paying about half a mil in a year in lease rent, and Hilo Hawaiian next at about $150,000 a year. DELIMA: Could the Board reallocate some of those monies? Maybe to pay for the, the EIS over a period of time? HEIT: I'm not sure if the Board has the authority to do that. KAHELE: So if you looked at Senate Bill 2972 when it first was heard in the Senate, that's what the bill proposed. To allocate a portion of the SLDF to the BDHRA. DELIMA: But that didn't go KAHELE: Of course; DLNR adamantly opposed it because they utilize the SLDF for their statewide programs then manage a lot of their resources. They're already under-staffed and under-funded as well. You know, but my argument was, if we've been collecting $800,000 a year on the peninsula for several years now, then we should allocate a percentage of that back, just like a landlord would invest in their property, into the peninsula. But that didn't make it out of Leg this year so. DELIMA: The long and short of it is, the only real, immediate proposal that is in any shape or form of trying to get implemented is the Tower Development proposal for Uncle Billy's and, you know, we can agendize that for our next Redevelopment Agency and discuss specifically that proposal, and maybe as an Agency we can take action on that proposal. Hear that proposal and Page 11 of 17 Banyan Drive Hawaii Redevelopment Agency July 25,2018 Minutes