HomeMy WebLinkAboutREP FC 118 08/24/1999 1998-2000 REPORT OF THE
COMMITTEE ON FINANCE
DATE: August 24, 1999 Re: Comm. No. 382/Res. No. 119-99
PLACE: Councilroom
TIME: 10:45 A.M.
Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Yow Committee on Finance, to which was referred Resolution No. 119-99, reports as follows:
Resolution No. 119-99, transmitted by Mayor Stephen K. Yamashiro, via Communication
No. 382, dated July 15, 1999, authorizing the acquisition of the "Ice House" TMK: 3`d/2-1-03:024 by land
exchange.
Mauna Kea Agronomics, Inc. is the owner of the aforementioned property. The owner has submitted a
petition to the Hawaii Redevelopment Agency (HRA) to re-designate the subject site from Open to a
Commercial-limited Industrial Use designation. After considerable discussion, the HRA voted
unanimously to recommend that the County of Hawaii explore the possible acquisition of the "Ice House"
through a land exchange.
Pursuant to Section 2-111, Hawaii County Code, the council may, by resolution, as approved by a majority
of its members, direct the finance director to dispose of real property in fee simple by lease, license, or
permit.
Further, Section 2-115, Hawaii County Code, provides that no exchange of real property for private
property shall be made except for public purposes, and the real property exchanged shall be of substantially
equal value to that of private land. In any exchange, the fair market value of the private land and the
County-owned land shall be separately determined by a disinterested qualified appraiser or appraisers and
the cost thereof shall be borne equally between owner and the County.
Some members of Yow Committee expressed concerns about lands currently under County ownership that
may be used in the land exchange. Specifically, the Henry Street property, situate at Lanihau ls`, North
Kona, Hawaii, TMK: 7-5-04:63. Therefore, an amendment to this measure was made excluding said parcel
from lands considered for exchange.
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 119-99, as amended
to Draft 2, and recommends its adoption.
Lci
Ayes Noes A&E EX
Respectfully submitted
CHUNG X
ELARwrvoPF x COMMITTEE ON FINANCE
JACOBSON X
LEITHEAD-TODD X
PISICCHIO X
SMITH X
TYLER x AARON S.Y. CHUNG, CHAIR
vncoNC X FC REPORT NO. 118
ARAKAKI, E.O.M. X ~ ~~-~~1999