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HomeMy WebLinkAboutREP FC 104 05/01/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: May 1, 2007 Re: Comm. No. 356/Res. No. 173-07 PLACE: Sheraton Keauhou Bay Resort & Spa 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 9:00 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 173-07, reports as follows: Resolution No. 173-07, transmitted by Director of Finance William Takaba, via Communication No. 356, dated April 18, 2007, authorizes the acquisition of private property by eminent domain, being Tax Map Key: (3) 9-2-101-037, situate at Kahuku, District of Ka`u, County and State of Hawaii, for the Hawaiian Ocean View Estates Exploratory and Construction Well Project. The County will be doing an exploratory and production well and supporting facilities project which improvements generally consists of drilling and testing of an exploratory well, outfitting a well into a production well, construction of a reservoir, transmissions line and a public dispensing facility. The improvements will provide a regional benefit for a public purpose and use which benefits the County of Hawaii. This project will acquire the acquisition of said property which is owned by Aaron King, identified as Lot 2, Block 168, of the "Hawaiian Ocean View Estates", as shown on File Plan No. 787, containing an azea of 43,562 squaze feet, more or less. Pursuant to Section 2-10 of the Hawaii County Code, the Corporation Counsel is hereby authorized and empowered to negotiate terms of settlement in accordance with this section, and the approval of the court before which such proceedings are prosecuted. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 173-07 recommends its adoption. la Hues noes nae ex Respectfully submitted, FORD X HIGA x COMMITTEE ON FINANCE HOFFMANN X i IKEDA X \ JACOBSON X NAEOLE X PILAGO x DOMINIC YAGO , CH YAGONG X FC RE T NO. 104 voSHIMOTO X ADOPT D: MA ~ E 2007