HomeMy WebLinkAboutREP FC 178 01/23/2002 2000-2002 Id.EPOItT OF TIIE
COIVIPvIITTEE ON FINANCE
DATE: January 23, 2002 Re: Comm. No. 485/Res. No. 16702
PLACE: Council Chambers
TIME: 10:02 A.M.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Resolution No. 167-02, reports as follows:
Resolution No. 167-02, transmitted by Director of Finance William Takaba, via Communication
No. 485, dated January 7, 2002, authorizes the Finance Director of the County of Hawaii to sell
county office spaces within the Hilo Lagoon Centre.
Resolution No. 167-02 proposes to sell county office space within the Hilo Lagoon Centre at a
public auction. Through an independent appraisal, the assessed values of these properties total
$894,620. The County pays $44,295 annually in common area maintenance (CAM) fee.
With the opening of the Aupuni Center (former JC Penney building) and the relocation of the
County offices into that building, the office spaces currently utilized by the Office of the
Corporation Counsel, Aging, and the Department of Civil Service are no longer needed.
Pursuant to Section 2-111, Hawaii County Code, the Council of the County of Hawaii, may by
resolution, as approved by a majority of its members, direct the finance director to dispose of real
property in fec simple.
Director of Finance William Takaba made an amendment to his letter dated January 7, 2002 to
correct the amount the County pays annually in common area maintenance (CAM) fees from
$44,295 to $63,107.
Several members of Your Committee felt that the County should lease the aforementioned office
spaces since real estate market is down, and wait until market prices go up to sell.
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 167-02
and recommends its adoption.
smc
AYES NOES A&E EX
Respectfully submitted
CHUNG X
~is~CCa-~~o x COMMITTEE ON FINANCE
ARAKAKI X
ELARI®N®FF X
JACORSON
LEITH~AD-T~®D X
s~FARiK x AARON S.Y. CHUNG, CHAIR
TYLER X FC REPORT N~ 178
YAGONG X ADOPTED: ~2
COMMITTEE ON FINANCE
REPORT 178
(AMENDED)
By motion duly made and seconded, the County Council amended Finance Committee
Report 178 with the following changes:
1) Deletions/insertions were made in Paragraph Number 3: "Resolution l 67-02
proposes to sell county off ce space within the Hilo Lagoon Centre [at a] ~ public
auction after the ups t. values have.- been established by an independent appraisal.
[Through an independent appraisal,] T[t]he assessed values of these properties total
$894,620."
The incorporated amendment shall read as follows: "Resolution 167-02 proposes to
sell county office space ~,l~ithin the Hilo Lagoon Centre by public auction after the
upset values have been establisl°ned by an independent appraisal. The assessed values
of these properties total $894,260."
Finance Committee Report 178, as amended, was adopted by the following voice vote:
AYES:Councilmembers Chung, Elarionoff, Jacobson,
Leithead-Todd, Pisicchio, Safarik, Tyler, Yagong, and
Chairman Arakaki - 9.
NOES:None.
I hereby certify that amended Finance Committee Report 178 was adopted by the
Hawaii County Council on February 6, 2002.
COUN Y CLERK UNCIL CHAIRM.~N
FC REPORT NO. 178 (AMENDED)
ADOPTED: February 6, 2002