REP FC 070 2016/07/18 (2014-2016)

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REPORT OF THE COMMITTEE ON FINANCE DATE: July 18, 2016 Re: Comm.No. 925/Res.No. 553-16 PLACE: Council Chambers Kona, Hawai`i TIME: 2:22 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 553-16, reports as follows: Resolution No. 553-16,transmitted by Finance Director Deanna S. Sako, via Comm.No. 925 dated June 29, 2016, authorizes the Director of Finance to negotiate a lease of real property, Old Waimea Tax Office, situated at Waimea, South Kohala, County and State of Hawai`i, identified as Tax Map Key: 6-7-002:025,to the Waimea Preservation Association. This property, consisting of 31,652 square feet, would be used by the Waimea Preservation Association as a historical resource center. Council Member Margaret Wille explained that this building was dilapidated and is located in Waimea, behind the Bank of Hawai`i and Post Office, and that the Waimea Preservation Association did the improvements to the building. There was no discussion. Pursuant to Section 2-120(a)(2) of the Hawai`i County Code,the council may, by approved resolution, direct the Finance Director to negotiate the disposition of real property by leasing it to nonprofit organizations. Pursuant to Section 2-120(b) of the Hawai`i County Code, a lease of real property to nonprofit organizations may be made without notice or appraisal as required in Chapter 2, Article 19 of the Hawai`i County Code. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 553-16, and recommends its adoption. wb AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X ILAGAN X KANUHA X I ONISHI X ci.0 roA) (r PALEKA x KAREN EOFF, CHAIR POINDEXTER x FC REPORT NO.: 70 WILLE x ADOPTED: AUG 0 3 2016