HomeMy WebLinkAboutRES 476 Draft 01 2016-2018 •
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COUNTY OF HAWAII i+k \-= '/I*._ - STATE OF HAWAII
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RESOLUTION NO. 476 18
RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO NEGOTIATE A
SEVENTY-FIVE YEAR LEASE WITH THE HAWAII ISLAND COMMUNITY
DEVELOPMENT CORPORATION FOR THE PURPOSE OF DEVELOPMENT AND
CONSTRUCTION OF HALE OLA 0 MOHOULI AFFORDABLE SENIOR RENTAL
HOUSING PROJECT AT A SET LEASE RENTAL AMOUNT OF $100.00 PER YEAR.
WHEREAS, on April 7, 2017, the County of Hawaii,through its Office of Housing and
Community Development, acquired a parcel 9.091-acres, situated at Tax Map Key(3) 2-4-001:168 from
the State of Hawai`i for the purpose of developing an affordable housing project for seniors and other
related public purposes; and
WHEREAS,Chapter 2,Article 19, Section 2-120(a)(2), Hawaii County Code, as amended,
provides that the County Council may direct the Finance Director to negotiate the disposition of real
property by lease to non-profit organizations as such rentals and on such terms and conditions as deemed
proper without notice or appraisal; and
WHEREAS,the Office of Housing and Community Development has determined that the
Hawai`i Island Community Development Corporation (HICDC) is a non-profit organization with
extensive experience in the development of self-help and affordable housing for low- and moderate-
income households; and
WHEREAS,the HICDC proposes to construct approximately 200 affordable senior rental
housing units; and
WHEREAS, the HICDC will seek funding for the project, and carry out its development through
to occupancy, at which time operations will be taken over by an experienced management company; and
WHEREAS,the proposed project will target senior citizens with low-to moderate-income
levels; and
WHEREAS,the proposed project will increase rental housing opportunities for low-and
moderate-income senior citizens; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAI'I,that the Finance
Director is hereby authorized to negotiate a seventy-five year lease with the HICDC for the purpose of
planning, developing, and constructing a rental housing project for senior citizens at a set lease rental
amount of One Hundred Dollars($100.00) per year.
BE IT FURTHER RESOLVED that the Mayor of the County of Hawai`i or his duly authorized
representative is hereby authorized to execute the lease agreement and any other documents required to
induce financing entities to provide funding for the project.
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BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this
resolution to Office of the Mayor, the Department of Finance, and the Office of Housing and
Community Development.
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Dated at Hilo , Hawai`i, this 7th day of February , 2018 .
INTRODUCED BY:
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COUNCIL MEMBER, COUNTY OF HA API
COUNTY COUNCIL ROLL CALL VOTE
County of Hawai`i AYES NOES ABS EX
Hilo, Hawai`i CHUNG x
DAVID X
I hereby certify that the foregoing RESOLUTION was by EOFF X
the vote indicated to the right hereof adopted by the COUNCIL of the KANUHA
County of Hawai`i on Fehr]iary 7, 2018
X
LEE LOY X
O'HARA X
ATTEST: POINDEXTER X
0
RICHARDS X
RUGGLES X
• ' , ' / , e),,,,4-eLitetek—) 8 0 1 0
Reference: C-695/FC-75
COUNTY CLERK CHAIRPERSON&PRESIDING OFFICER RESOLUTION NO. • a
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