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3 I oJ�YYfOF ty�`f COUNTY OF HAWAII STATE OF HAFAIII fNw M gTF'Of•NF,ii .RESOLUTION NO. 360 22 I I A RESOLUTION AUTHORIZING THE PAYMENT OF FUNDS OF A LATER FISCAL YEAR AND OF MORE THAN ONE FISCAL YEAR FOR A MULTI-YEAR LEASE OF REAL PROPERTY FOR THE COUNTY OF HAWAII DEPARTMENT OF PARKS AND RECREATION IDENTIFIED AS TAX MAP KEY NO. (3) 9-5-014:060 IN KA`U, HAWAII. WHEREAS, Section 10-11 of the County Charter requires that any contract, lease or other obligation requiring payment of funds from the appropriations of a later fiscal year or of more than one fiscal year be approved by resolution; and I I WHEREAS, the Department of Parks and Recreation ("Parks") currently leases Tax Map Key No. (3) 9-5-014:060 ("Subject Parcel"), owned by Hdmakua Land and Cattle, LLC ("Landlord"), as access to Whittington Beach Park and for public park purposes including, but not limited to picnicking, parking, permitted camping and community events; and WHEREAS, Parks desires to continue the use of the Subject Parcel for access and public park purposes for the benefit of the public and has obtained approval by the landowner to enter into a ten (10) year Ground Lease with First Right to Purchase Agreement commencing January 1, 2022, and extending through and ending December 31, 2031, for the initial yearly rent amount of$61,948 with a compounding increase of three percent (3%) per year plus general excise tax; and WHEREAS, Parks is requesting authorization for the Mayor to enter into a multi-year lease agreement with Landlord for the Subject Parcel; now, therefore, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that the Honorable Mitchell Roth, Mayor of the County of Hawai`i, is hereby authorized to enter into a multi- . ,I year lease with Landlord, for a ten (10) year period commencing January 1, 2022, and extending through and ending December 31, 2031. 3 3