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HomeMy WebLinkAboutREP FC 040 02/06/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: February 6, 2007 Re: Comm. No. 129/Res. No. 53-07 PLACE: Sheraton Keauhou Bay Resort & Spa 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 2:15 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 53-07, reports as follows: Resolution No. 53-07, transmitted by Director of Finance William Takaba, via Communication No. 129, dated January 22, 2007, authorizes the abandonment and disposition of government paper road to Donald Sintaku of Shintaku Inc., and Timothy A. Kenko/Mary R. Capone. The location of the paper road is at Wood Valley, Kau, Hawaii, starting at South Road, proceeding northwestward to East Road and abutting Tax Map Keys (3) 9-6-008-006 and (3) 9-6-008-002. This road exists only on paper and is therefore not in use, nor is it usable for transportation purposes for the general public. Pursuant to Section 2-111, Hawaii County Code, the Council, may direct the Director of Finance or the Director of Public Works to dispose of real property in fee simple. Pursuant to Section 2-118, Hawaii County Code, remnants or portions thereof may be disposed of without recourse to public auction and shall be first offered for sale to the abutting landowners. Pursuant to Section 2-118(c) Hawaii County Code, an appraisal of the 5,056 square feet roadway reserve remnant was done, which appraisal valued the remnant at $5,000.00. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 53-07 and recommends its adoption. la nYES NOES a&E Ex Respectfully submitted, FORD X RIGA x COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X - NAEOLE X PILAGO X DOMINIC YAGON , YAGONG X FC REPOT 40 YOSHIMOTO X ADOPTED: FEB 2 2~~~