HomeMy WebLinkAboutCOM 0294.000 2022-2024 Mitchell D: Roth oNYY O°•".�y Deanna S. Sake
o ,
Mayor °•' yldl,� Director
Diane Nakagawa
Deputy Director
'1 TE QP•11PJ�
County of Hawaitl
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720
(808)961-8234 • Fax(808)961-8569
April 28, 2023
C_1.
Heather Kimball, Council Chair and
Members of the Hawai`i County Council '{
Hawaii County Council
25 Aupuni Street -
Hilo, Hawaii 96720
C-)
Re: Resolution for multi-year lease of real property
The County of Hawaii has acquired a 0.2345-acre parcel, situated on Tax Map Key
(3) 2-4-024:157, from the State of Hawaii by way of Executive Order 4641 for the
purpose of affordable housing and shelter purposes. The Office of Housing and
Community Development proposes to partner with Hale O Hawaii in a pilot project to
enter into a 65-year ground lease to finance and construct an affordable home that will be
sold to an eligible purchaser with an underlying ground sublease, any subsequent resale
of the affordable home will be subject to affordability restrictions.
Enclosed is a resolution authorizing the Director of Finance to negotiate a 65-year lease
with the Housing and Land Enterprise of Hawaii County, dba: Hale O Hawaii. The rent
for this lease will be $10.00 per year.
If there are any questions,please do not hesitate to call Susan Kunz or Toi Wong of the
Office of Housing and Community Development at 323-4306.
Deanna S. Sako
Director of Finance
Enc.
c: OHCD
— Comm. ,4 RM �
Ref. To: _' (1
Hawaii County is an Equal Opportunity Employer and Providerke . Date--MAY 3 2023
Farm : _5
7/18/91
DEPARTMENT OF FINANCE
RE-QUEST FOR.COUNCIL ACTION
DEPARTMENT: Office of Dousing&Community Dev, DATE: 04.11.2323
STAFF CONTACT: Susan Kuri of K. Wong SHONE 303.323.4306
A. EtJE�T:
The Office of Housing and Community Development (OHCD)is requesting a resolution authorizing the
Director of finance to negotiate a sixty-five-gear lease with the Housing and Land Enterprise of Hawaii
County, DBA: Hale 0 Hawaii for the purpose of the development and construction of a single-family home
on TM{ (3) 2-4-024.:157 for a pilot community lam trust program.
The OHCD respectfully requests,that the above mentioned ratter be placed on the Finance Committee
Agenda on May 16, 2023-
P,
BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
The County acquired a t} acre pard,from the State of Ha ai'l by way of Executive Order 4641 for the
purpose of affordable housing and shelter purposes. The County intends to partner with Housing and Lan
Exterorise of Hawvai'i County, DBA: Hale 0 Fiawai`i to develop a Single-Family Home.
The,rem for this lease Will be $10,00 per year;.
HOD would like this Resolution to be placed on the May 16, 2023 Committee meeting.
SIGNED GATE:
Department Head
;i