HomeMy WebLinkAboutREP FC 088 09/04/2013 (2012-2014) REPORT OF THE
COMMITTEE ON FINANCE
• DATE: September 4, 2013 Re: Comm. No. 397/Res. No. 165-13
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 10:54 a.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Resolution No. 165-13, reports as follows:
Resolution No. 165-13, transmitted by Finance Director Nancy Crawford, via Communication No. 397
dated August 15, 2013, authorizes the Finance Director to sell real property in the Kamakoa Nui
Workforce Housing Community at Waikoloa to Hawai`i Island Community Development Corporation.
The Hawai`i Island Community Development Corporation(HICDC) is a nonprofit organization whose
mission is to provide low and moderate income families with adequate housing and acquire, construct,
and provide housing to eligible participants. HICDC has the funding to purchase 10 lots in the Kamakoa
Nui Workforce Housing Community and intends to construct homes according to Kamakoa Nui's plans
and specifications.
Housing Administrator Stephen Arnett spoke on behalf of Res.No. 165-13 and explained the self-help
housing program. He stated that all of the labor is done by the residents; however, the plumbing and
electrical must be done by a licensed contractor, as required by state law. Residents receive low mortgages
in exchange for their hard work and "sweat equity."
Pursuant to Section 2-120 (a) (1), Hawai`i County Code, the Council of the County of Hawai`i may, by
resolution approved by a majority of its members, direct the finance director to negotiate the disposition
of real property by"[s]elling it in fee simple at such price and on such terms and conditions deemed
proper to governments and governmental agencies authorized to hold lands in fee simple, to nonprofit
organizations to develop affordable housing, or to affordable housing developers."
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 165-13, and
recommends its adoption.
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AYES NOES A&E EX Respectfully submitted,
EOFF X
FORD X COMMITTEE ON FINANCE
ILAGAN X
KANUHA X
KERN X
ONISHI X
POINDEXTER X VALERIE T. POINDEXTER, CHAIR
WILLE X FC REPORT NO.: 88
YOSHIMOTO X ADOPTED: SEP 1 8 2013