HomeMy WebLinkAboutREP FC 075 2018/01/23 (2016-2018) REPORT OF THE
COMMITTEE ON FINANCE
DATE: January 23, 2018 Re: Comm. No. 695/Res. No. 476-18
PLACE: Council Chambers
Kailua-Kona, Hawai`i
TIME: 2:40 p.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Resolution No. 476-18, reports as follows:
Resolution No. 476-18, transmitted by Finance Director Deanna S. Sako, via Communication No. 695
dated January 4, 2018, authorizes the Director of Finance to negotiate a seventy-five year lease with the
Hawai`i Island Community Development Corporation (HICDC) 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 per year.
HICDC would construct approximately 200 rental units on property identified as Tax Map
Key: 2-4-001:168, containing an area of 9.091 acres, that was acquired from the State of Hawai`i for the
purpose of developing affordable housing.
There was no discussion on this measure.
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 476-18, and
recommends its adoption.
dmm
AYES NOES ABS EX Respectfully submitted,
CHUNG X
DAVID x COMMITTEE ON FINANCE
EOFF X
KANUHA X
LEE LOY XAeS
O'HARA X
POINDEXTER x MAILE DAVID, CHAIR
RICHARDS X FC REPORTNO.: 0 � 20185
RUGGLES X ADOPTED: FEB