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HomeMy WebLinkAboutREP FC 173 2014/05/12 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE DATE: May 12, 2014 Re: Comm. No. 871/Res.No. 423-14 PLACE: Council Chambers Hilo, Hawai`i TIME: 10:40 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 423-14, reports as follows: Resolution No. 423-14, transmitted by Council Member Dru Mamo Kanuha, via Communication No. 871 dated April 24, 2014, authorizes the Director of Finance to enter into negotiations for the acquisition of Tax Map Keys: 7-7-008:021 and 023, White Sands Mauka in the Ahupua'a of Pahoehoe in the District of North Kona, pursuant to Chapter 2, Article 42, Hawai`i County Code 1983 (2005 Edition, as amended). The White Sands Mauka property is listed as a key priority for purchase in the 2013 Annual Report of the Public Access, Open Space, and Natural Resources Preservation Commission. Council Member Kanuha spoke in support of the resolution. He stated that this property will help with cultural preservation and expand public outdoor recreation. The property will connect future subdivisions and will be an expansion of Kipapa Park. Council Members Ford and Eoff expressed their support for the project. Ms. Ford commended the Kipapa `ohana and thanked them for their diligence of the land. Finance Property Manager Ken Van Bergen came before Your Committee to answer questions. He stated that property is currently foreclosed and is bank-owned. Mr. Van Bergen encouraged the Council to act quickly because it is zoned for a 120-unit condominium and may become desirable to investors; therefore,time is of the essence. Pursuant to Section 2-218, Hawai`i County Code 1983 (2005 Edition, as amended), the Director of Finance is authorized to enter into negotiations for the acquisition of White Sands Mauka in the Ahupua'a of Pahoehoe in North Kona, pursuant to the terms of Resolution No. 423-14. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 423-14, and recommends its adoption. sc AYES NOES_ ABS EX Respectfully submitted, EOFF X FORD X COMMITTEE ON FINANCE 1LAGAN X KANUHA X KERN X ONISHI X POINDEXTER X VALERIE T. POINDEXTER, CHAIR --- ----------- WILLE X FC REPORT NO.: 173 VOSHIMOTO I X 1_ ADOPTED: JUN 0 4 2014