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COUNTY OF HAWAII STATE OF HAWAI`I RESOLUTION NO. 62 25 RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO NEGOTIATE A LEASE OF REAL PROPERTY, SITUATED AT KAILUA-KONA, COUNTY AND STATE OF HAWAI`I, IDENTIFIED AS TAX MAP KEY (3) 7-5-008:027, TO THE ASSOCIATION OF APARTMENT OWNERS OF KAILUA VILLAGE. WHEREAS, the County of Hawaii owns the real property parcel identified as Tax Map Key (3) 7-5-008:027 ("Parcel"), situated at Kailua-Kona, County and State of Hawaii, delineated on Exhibit "A" attached hereto; and WHEREAS, the Association of Apartment Owners of Kailua Village, a nonprofit corporation, desires to lease the Parcel from the County, for visitor parking and fire lane access purposes for the Kailua Village Condominium; and WHEREAS, the Council of the County of Hawaii previously approved the lease of the Parcel to the Association of Apartment Owners of Kailua Village for visitor parking and fire lane access purposes; and WHEREAS, the prior lease of the Parcel had a total collective term of fifty years, which has now expired; and WHEREAS, the Kailua Village Condominium wishes to continue to lease the Parcel from the County for visitor parking and fire lane access purposes; and WHEREAS, Section 2-120(a)(2) of the Hawaii County Code provides that the Council of the County of Hawaii may, by resolution approved by a majority of its members, direct the Finance Director to negotiate the lease of real property to nonprofit organizations, at such rentals and on such terms and conditions as deemed proper; and WHEREAS, Section 2-120(b) provides such lease of real property to nonprofit organizations may be made without the notice or appraisal as required by Chapter 2, Article 19, of the Hawaii County Code; now, therefore, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAI`I that under Chapter 2, Article 19, Section 2-120(a)(2) of the Hawaii County Code, the Finance Director is hereby authorized to negotiate a five (5) year lease of the Parcel (with one (1) additional renewal option of five (5) years) with the Association of Owners of Kailua Village, a nonprofit corporation, without notice or appraisal, for the real property identified as Tax Map Key (3) 7-5-008:027.