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HomeMy WebLinkAboutREP FC 178 09/08/2010 2008-2010 REPORT OF THE COMMITTEE ON FINANCE DATE: September 8, 2010 Re: Comm. No. 885 /Res. No. 373 -10 PLACE: Councilroom TIME: 10:00 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 373 -10, reports as follows: Resolution No. 373 -10, introduced by Council Member Brenda Ford via Communication No. 885, dated July 20, 2010, authorizes the Director of Finance to enter into negotiations for the acquisition of the Lucile P. Kingman Trust Parcel (TMK: 7 -7 -008: 100). Bob Fitzgerald, Director of Parks and Recreations, stated he is in support of the resolution. He stated that the area is a well -used recreational area in Kona. He further stated the concept of having recreational land on the mauka side of Ali`i Drive would benefit the community. Ken Van Bergen of Property Management said the Kingman's property is listed fourth on the 2009 prioritized list. The first three properties on the priority list (Kawa, Pa`o`o, and Lapakahi) are currently either being purchased, in closing, or under negotiations; therefore, the Kingman's property would be the next purchase. Mr. Van Bergen also stated that there are sufficient funds in the Public Access, Open Space and Natural Resources Preservation Fund (2% Land Fund) to purchase the property. Councilmember Ford stated that the 2% Land Fund will not be used to purchase this parcel, and further stated that a different source of County funding will be appropriated for this purpose. She mentioned the property, although unlikely, may be used for a purpose outside of the permissible uses as provided for in the 2% Land Fund. Several Councilmembers expressed their concern about using the 2% Land fund for this parcel, as originally provided in Resolution No. 307 -10. Your Committee on Finance is in accord with the purpose and intent of Resolution 373 -10, and recommends its adoption. de AYES NOES A &E EX Respectfully submitted, ENRIQUES X FORD x COMMITTEE ON FINANCE GREENWELL X HOFFMANN X IKEDA X ' ' C ' 4 NAEOLE - BEASON X t ONISHI X DENNIS "FRESH" ONISHI, CHAIR YAGONG X FC REPORT NO. 178 YOSHIMOTO X ADOPTED: SEP 2 1 2010