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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: October 17, 2006 Re: Comm. No. 1103/Res. No. 473-06 <br /> PLACE: Council Chambers <br /> <br /> TIME: 9:00 a.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 473-06, reports as follows: <br /> Resolution No. 473-06, transmitted by Director of Finance William Takaba, via Communication No. 1103 dated <br /> September 26, 2006, authorizes the exchange of interests in real properties, situated in Waimea, South Kohala, <br /> County and State of Hawaii, covering Tax Map Key (3)6-5-003: porn. 004, 002 and 029, between the County of <br /> Hawaii, George A. Magoon, II, and the Roman Catholic Church of the State of Hawaii, for the creation of the <br /> Waimea Trails and Greenways. <br /> The County of Hawaii ("County") is the owner of a parcel of land which was originally a part of Land Patent <br /> Grant Number 13,641 to Richard Smart in Waimea, District of South Kohala, Island and County of Hawaii, State <br /> of Hawaii, containing an area of approximately 1.238 acres, bearing Tax Map Key No. (3) 6-5-003: por. 004. <br /> George A. Magoon, II ("Magoon") is the owner of the parcel of land adjacent to the south of Lot E, containing an <br /> area of approximately 5.068 acres, bearing Tax Map Key No. (3) 6-5-003:002. <br /> The Roman Catholic Church in the State of Hawaii ("Roman Catholic Church") is the owner of the parcel of land <br /> adjacent to the north of Lot E, containing an area of approximately 1.978 acre, bearing Tax Map Key No. (3) 6-5- <br /> 003:029. <br /> The County seeks to create the Waimea Trails and Greenways and needs to adjust the boundary lines between <br /> these parcels as part of this multi-use trail project, and Magoon and Roman Catholic Church have, under the <br /> threat of condemnation, agreed to this land exchange. <br /> County, Magoon and the Roman Catholic Church':ave joined in an application to consolidate and resubdivide <br /> Lots E, 1 and 13 so as to move boundary lines between Lot E and Lot 1 and between Lot E and Lot 13. Final <br /> subdivision approval for said consolidation and resubdivision was granted by the County of Hawaii Planning <br /> Director on July 15, 2002 in Subdivision No. 7569. <br /> Pursuant to Section 2-111, Hawaii County Code, permits the exchange of real property for private property. <br /> Also, pursuant to Section 2-118, Hawaii County Code, allows for the disposal of remnant parcels. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 473-06 and recommends <br /> its adoption. <br /> smc <br /> Hues rvoes A&e ex Respectfully submitted, <br /> ARAKAKI X <br /> HIGA X COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> HOLSCHUH X . tt ~ _ <br /> IKEDA X U <br /> t~ i <br /> ]SBELL X <br /> aACOSSON X VIR IA ISBELL, CHAIR <br /> PILACO X FC REPORT NO. 345 <br /> SAFARIK X ADOPTED: OCT .3 1 ~0~ <br /> <br />