HomeMy WebLinkAboutREP FC 622 10/05/1992 REPORT OF THE
COMMITTEE ON FINANCE
Date: October 5, 1992 Re: Comm. 4181
Place: Councilroom
Time: 9 : 00 a .m.
Your Committee on Finance, to which was referred Resolution
No . 527-92, reports as follows :
The purpose of Resolution No . 527-92 is to authorize the Mayor to
enter into an agreement to purchase three (3) parcels of land for
park property in Pohoiki and that $20, 000 be transferred from
010-911-5911. 13-341, the Contingency Account, to 010-801-5801.33-341,
the Capital Project Account, for the purchase agreement and the cost
of the environmental assessment .
Pursuant to Section 61-2 (2) of the Hawaii Revised Statutes, each
county has the power to purchase real property within its defined
boundaries and to manage and dispose of the same.
Section 61-2 (4) of the Hawaii Revised Statutes, further states that
each county has the power to make contracts and to do all things
necessary and proper to carry into execution of the foregoing powers .
Section 101-3 of the Hawaii Revised Statutes states that in the event
the county enters upon privately-owned property by authority of an
agreement to acquire the real property by voluntary action of the
parties, the county is required to:
1) Reduce the agreement in writing .
2) File the executed written agreement promptly in the
bureau of conveyances .
3) Complete its part of the agreement, including
payment in full of any money within the period of
two years immediately succeeding the date upon
which the agreement is filed.
The Committee understands that the $20, 000 will be transferred from
the 010-911-5911. 13-341, the Contingency Account, and transferred
into 010-801-5801.33-341, the Capital Project account . The $7, 000 is
a refundable deposit and the balance is to be used for the
environmental assessment .
FC REPORT No. 622
ADOPTED: OCT 2 1 1992
FC- 622 Page 2 October 5, 1992
The Finance Committee understands that the Federal Emergency
Management Agency (FEMA) has approved a proposal by the County to
replace these lost beach parks with two new parks in the Puna
district and will fund 75% of the approved costs of the new parks,
including land acquisition.
The Committee further understands that the final sale of the land is
contingent upon the following factors :
1) Water quality study indicating that the water and
water circulation in the swimming pond are clean
enough to support water activities by the public.
2) Final commitment of funds by FEMA.
The Committee on Finance concurs with the intent of Resolution
No. 527-92 and recommends its adoption.
Respectfully submitted,
COMMITTEE ON FINANCE AYES NOES
ALONZO X
/, y // ARAKAKI X
J:4 ARAKAK -,�C HA I RMAN DE LIMA X
DOMINGO X
4A II
LAI X
MAKUAKANE X
RUDDLE X
FC REPORT NO. 622
ADOPTED: