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REPORT OF THE • <br /> COMMITTEE ON FINANCE <br /> DATE: January 23, 2001 Re: Comm. No. 51/Res.No. 18-01 <br /> PLACE: Council Chambers <br /> TIME: 9:10 A.M. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance,to which was referred Resolution No. 18-01, reports as follows: <br /> Resolution No. 18-01,transmitted by Director of Finance William Takaba, via Communication <br /> No. 51, dated December 19, 2000, authorizes the grant of easement for retaining wall purposes at <br /> Kaloko, District of North Kona, Island, County and State of Hawai`i, Tax Map Key No. (3)7-3- <br /> 051: Portion of Kanalani Street to Pacific Jetstream, LLC. <br /> The County of Hawai`i is the owner of that certain roadway parcel located in the Kaloko Light <br /> Industrial Subdivision Unit 1, at Kaloko,North Kona, Island, County and State of Hawai`i, <br /> known as Kanalani Street. <br /> The retaining wall owned by Pacific Jetstream, LLC along the east boundary of Kanalani Street <br /> encroaches into the public right-of-way. Pacific Jetstream, LLC needs the grant of easement to <br /> maintain its retaining wall along the east boundary of Kanalani Street within the public right-of- <br /> way. An independent appraiser determined that the fair market value of the retaining wall <br /> easement is $437.00 with an area of 46 square feet. <br /> Pursuant to Section 2-111, Hawai`i County Code,the council may, by resolution, as approved by a <br /> majority of its members, dispose of real property. <br /> Your Committee, during its discussion of Resolution No. 18-01,made the following amendment: <br /> Changing the resolved clause to read"...Exhibit"A" attached hereto, [until] subject to <br /> reversion upon termination...." <br /> Your Committee on Finance is in accord with the purposes and intent of Resolution No. 18-01, <br /> as amended to Draft 2, and recommends its adoption. <br /> smc <br /> AYES NOES A&E EX <br /> Respectfully submitted <br /> CHUNG X <br /> PISICCHIO X COMMITTEE ON FINANCE <br /> ARAKAKI X <br /> ELARIONOFF X <br /> JACOBSON X <br /> LEITHEAD-TODD X <br /> SAFARIK x AARON S.Y. CHUNG, C IR <br /> TYLER X FC REPORT NO. 12 <br /> YAGONG X ADOPTED: FEB 0 5 ?001 <br />