HomeMy WebLinkAboutRES 709 Draft 01 2006-2008COUNTY OF HAWAI' I STATE OF HAWAI' I
RESOLUTION NO. '~~9 08
RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO NEGOTIATE A
SEVENTY-FIVE YEAR LEASE WITH THE HAWAII ISLAND COMMUNITY
DEVELOPMENT CORPORATION FOR THE PURPOSE OF DEVELOPMENT OF
SENIOR HOUSING AT A SET LEASE RENTAL AMOUNT OF $10.00 PER YEAR.
WHEREAS, at its February 22, 2008, meeting, the Board of
Land and Natural Resources approved the requested set-aside of
the parcel located at Tax Map Key 3/2-4-001: portion of 168
("Parcel") for the development of affordable senior housing by
the Hawaii Island Community Development Corporation ("HICDC");
and
WHEREAS, the Governor of the State of Hawaii then
authorized, by Executive Order Number 4224, management of the
Parcel to the County of Hawaii for the intended use as
indicated therein; 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 appraisal; and
WHEREAS, the Office of Housing and Community Development
has determined that the HICDC is a non-profit affordable housing
developer with extensive experience in the development of
subsidized senior housing; and
WHEREAS, the County desires HICDC to develop affordable
senior housing on the Parcel; and
WHEREAS, HICDC will be required to complete a satisfactory
environmental assessment before a lease will be executed for the
Parcel.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY
OF HAWAII, that the Finance Director is hereby authorized to
negotiate a seventy-five (75) year lease with the HICDC for the
purpose of planking, developing, and operating affordable rental
housing 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 financing entities to provide funding for the project.
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.
BE IT FURTHER RESOLVED, that this resolution shall take
effect immediately.
Dated at Kona Hawaii, this 13th day of August ,
2008.
COUNTY COUNCIL
County of Hawaii
Hilo, Hawaii
I hereby certify that the foregoing RESOLUTION was by the
vote indicated to the right hereof adopted by the COUNCIL
of the County ofHawai'ion August 13. 2008
ATTEST:
ROLL CALL VOTE
AYES NOES ~ABS EX
FORD }{
HIGA X
HOFFMANN }{
IKEDA }{
JACOBSON X
NAEOLE X
PILAGO X
YAGONG X
YOSHIMOTO X
9 0 0 0
~l~"`~"\ Reference C-1354/CHA- 07/22/08
t ~-\
709 08
C LINTY CLERK CHAIRMAI ~ PRESIDIN OFFICER RESOLUTION NO.