Loading...
HomeMy WebLinkAboutRES 179 Draft 01 2022-2024 OF COUNTY OF HAWAIII STATE OF HAWAI'l SOLUTION NO. 179 23 I A RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO NEGOTIATE A SIXTY-FIVE YEAR LEASE WITH THE HOUSING AND LAND ENTERPRISE OF HAWAII COUNTY,DBA: HALE O HAWAII FOR THE PURPOSES OF DEVELOPMENT AND CONSTRUCTION OF A SINGLE-FAMILY HOME ON TAX j MAP KEY (3)2-4-024:157 FOR A PILOT COMMUNITY LAND TRUST PROGRAM AT A SET LEASE AMOUNT OF $10.00 PER YEAR. WHEREAS, on December 18, 2020, the County of Hawaii, through its Office of i Housing and Commuity Development, 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; and WHEREAS, State land under Executive Orders cannot be sold and are restricted to maximum lease terms of 65 years; and WHEREAS, the typical Community Land Trust transaction involves land that is held in fee by the Community Land Trust with a sale of the improvements to a qualified purchaser and an underlying 99 year ground lease that will ensure that the affordability status of the project is maintained during that entire term; and WHEREAS, the County of Hawaii through its 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 with Hale O Hawaii who will finance and construct an affordable home that will be sold by Hale O Hawaii to an eligible purchaser with an underlying ground sublease, any subsequent resale of the affordable home will be subject to affordability restrictions; and WHEREAS, should this pilot project be successful, it would provide a template for the development of single family affordable housing on State owned lands under a land trust model that will open up a tremendous land resource and is a key strategy in the County addressing the lack of affordable housing; and WHEREAS, Chapter 2, Article 19, Section 2-120(a)(2), Hawaii County Code, as amended, provides that the Hawaii County Council may, by resolution approved by a majority of members, direct the Finance Director to negotiate the disposition of real property by leasing it to a non-profit organization, at such rentals and on such terms and conditions as deemed proper; and WHEREAS,the Office of Housing and Community Development has determined that the Housing and Land Enterprise of Hawaii County, dba: Hale O Hawaii is a non-profit organization with experience in the development of affordable housing for low and moderate income households; and WHEREAS, Hawai`i County Code Article 19, section 2-120(b)provides such lease of real property to a non-profit organization may be made without notice or appraisal; now therefore, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII,that pursuant to Hawai`i County Code Chapter 2, Article 9, Section 2-120(a)(2), the Director of Finance is hereby authorized to negotiate a multi-year lease (with renewal optionsfor additional terms) with Housing and Land Enterprise of Hawai`i County, dba: Hale 0 Hawai`i, a non-profit organization, without notice or appraisal, located at P.O. Box 190727, Hawi, Hawai`i, 96719 identified as Tax Map Keys (3) 2-4-024:157. BE IT FURTHER RESOLVED, that the Mayor of the County of Hawai`i or his duly authorized representative is hereby authorized to execute the lease agreement on behalf of the County of Hawai`i following its.approval by the Council as noted herein. BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this resolution to the Office of the Mayor, the Department of Finance, the Office of Housing and Community Development, and Housing and Land Enterprise of Hawai`i County, dba: Hale 0 Hawaii. Dated at Hilo ; Hawai`i, this 7th day of June 2023. INTRODUCED BY: 4;A4A/1 c .Za____(;0A17 COUNCIL MEMBER, COUNTY OF HAWAII COUNTY COUNCIL ROLL CALL VOTE County of Hawai`i AYES NOES ABS EX Hilo, Hawai`i EVANS X GALIMBA X I hereby certify that the foregoing RESOLUTION was by INABA X the vote indicated to the right hereof adopted by the COUNCIL of the KAGIWADA X County of Hawai`i on June '7 , 2023 . KANEALI`I-KLEINFELDER X KIERKIEWICZ X ATTEST: KIMBALL X LEE ROY X VILLEGAS X 9 0 0 0 Reference: C-294/LAAC -19 COUN • CLERK CAIRPE'SON& ''RESIDING OFFICER RESOLUTION NO. 179 23 • 2