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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: March 18, 2014 Re: Comm.No. 732/Res.No. 332-14 <br /> PLACE: Council Chambers <br /> Kona, Hawai`i <br /> TIME: 3:50 p.m. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance,to which was referred Resolution No. 332-14, reports as follows: <br /> Resolution No. 332-14,transmitted by Council Member Margaret Wille, via Communication No. 732 dated <br /> February 28, 2014, authorizes the Director of Finance to enter into negotiations for the acquisition of Tax Map <br /> Key: 5-5-015:042, known as the Banyan Trees Park Area in North Kohala,pursuant to Chapter 2,Article 42 <br /> of the Hawai`i County Code 1983 (2005 Edition, as amended). <br /> The Banyan Trees Park Area in North Kohala(0.91 acres) is listed as a key priority for purchase in the <br /> 2013Annual Report of the Public Access, Open Space, and Natural Resources Preservation Commission. <br /> Council Member Wille spoke in support of the resolution. She stated that it will help to preserve, in <br /> perpetuity, the only public common space in Hawi for the community. <br /> Council Member Ford expressed her support for the project; however, she was concerned that the property <br /> value was not in the resolution, and stated that it should be public information. <br /> Finance Property Manager Ken Van Bergen came before Your Committee to answer questions. He stated a <br /> third party, hired by the Finance Department,assessed the value of the parcel at$550,000. <br /> Council Member Kanuha spoke in support of the resolution;however, he wanted clarification on what the <br /> community would get in purchasing this property. Council Member Wille explained the purchase would <br /> include the entire open space area. Mr. Van Bergen pointed out the boundaries on the map provided to the <br /> council members. <br /> Pursuant to Section 2-218,Hawai`i County Code 1983 (2005 Edition,as amended),the Director of Finance is <br /> authorized to enter into negotiations for the acquisition of the Banyan Trees Park Area in North Kohala, <br /> pursuant to the terms of Resolution No. 332-14. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 332-14, and <br /> recommends its adoption. <br /> sc <br /> AYES NOES ABS EX Respectfully submitted, <br /> EOFF X <br /> FORD X COMMITTEE ON FINANCE <br /> ILAGAN X <br /> KANUHA X <br /> KERN X <br /> ONISHI X <br /> POINDEXTER x VALERIE T. POINDEXTER,CHAIR <br /> WILLE X FC REPORT NO.: 141 <br /> YOSHIMOTO X ADOPTED: APR 1 2014 <br />