HomeMy WebLinkAboutRES 208 Draft 01 2004-2006 COUNTY OF HAWAI',~;;x 4 r S~'ATE OF HAWAI I
RESOLUTION N0.2~8 ~J5
RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO NEGOTIATE A
FIFTY-FIVE YEAR LEASE WITH THE HAWAII ISLAND COMMUNITY
DEVELOPMENT CORPORATION FOR THE PURPOSE OF DEVELOPMENT AND
CONSTRUCTION OF A 30-UNIT SENIOR RENTAL HOUSING PROJECT AT A SET
LEASE RENTAL AMOUNT OF $10.00 PER YEAR.
WHEREAS, the County of Hawaii owns a parcel containing
132,165 square feet of land located on Ainakea Drive, Kohala,
Hawai i, TMK: 3/5-3-11:102; and
WHEREAS, Chapter 2, Article 19, Section 2-120(a)(2),
Hawaii County Code, as amended, provides that the County
Council may direct the Finance Director to negotiate the
disposition of real property by lease to non-profit
organizations at such rentals and on such terms and conditions
as deemed proper without notice or apprai;>al; and
WHEREAS, the Office of Housing and Community Development
has determined that the Hawaii Island Community Development
Corporation (HICDC) is a non-profit organization with extensive
experience in the development of subsidized senior housing; and
WHEREAS, the HICDC proposes to construct a 30-unit senior
rental housing project; and
WHEREAS, the HICDC will seek funding for the project, and
carry out its development through to occupancy, at which time
operations will be taken over by an experienced management
company; and
WHEREAS, the proposed project will target senior citizens
with income levels at 30°s and 50% of the island's median income;
and
WHEREAS, the proposed project will increase rental housing
opportunities for lower income senior citizens.
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NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY
OF HAWAII, that th^ Finance Director is hereby authorized to
negotiate a fifty-five (55) year lease Wraith the HICDC for the
purpose of planning, developing, and constructing a rental
housing project for senior citizens at a set lease rental amount
of Ten Dollars ($10.00) per year.
BE IT FURTHER RESOLVED that the Mayor of the County of
Hawaii or his duly authorized representative is hereby
authorized to execute the lease agreement and any other
documents required to induce ~Einancing entities to provide
funding for the project; and
BE IT FURTHER RESOLVED that a copy of this resolution be
transmitted to the Office of the Mayor, the Department of
Finance, and the Office of Housing and Community Development.
Dated at Hilo, Hawaii, this 22nd day of November 2005.
INTRODUCED BY:
~ ~
COUNCIL Ma1BER, C ~Y F WAI I
COUNTY COUNCIL ROLL CALL VOTE
County of Hawaii
Hilo, Ilawai~i AYES NOES ABS EX
ARAKAKI X
I hereby certify that the foregoing RESOLUTION was by the xI•,~A X
vote indicated to the right hereof adopter by the COUNCII. of HOFFMANN X
the County ofHawai'ion Noverxber 22, 2005 I?OLSCHUH X
ATTEST: IK;)A X
ISI~ELL X
JACOBSON X
PII,AGO X
SAFARIK X
9 0 0 0
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Reference C-543 / CHA
sir v C~' V
COUNTY CLERK CHAIRMAN & PRESIDING OFFICER RESOLUTION NO.