(1) The federal Department of Defense has reevaluated the need for Barbers Point Naval Air Station, initiated a base realignment and closure process, and declared approximately 2,150 acres of valuable lands to be surplus to military and other federal agency needs;

(2) These surplus lands will be made available to a local redevelopment authority to be designated by the State for redevelopment to satisfy pressing public and private sector needs and to promote economic development;

(3) The governor has established the Barbers Point Naval Air Station redevelopment commission by executive order to develop a community reuse plan, and has approved the plan for these surplus lands at Barbers Point Naval Air Station;

(4) The community redevelopment plan includes sites for a regional and beach park for public recreational use, a publicly-operated airport for civil aviation use, public facilities including a life safety academy and a desalination plant, facilities and land for programs to support the homeless, residential, light industrial, and commercial land to be managed by the department of Hawaiian home lands, and economic development projects that will stimulate the economy and produce jobs within the area; and

(5) The traditional Hawaiian name for the Barbers Point area is "Kalaeloa" which means "long point".

(1) Establish the Barbers Point Naval Air Station redevelopment commission as a public body corporate and politic to serve as the local redevelopment authority for surplus lands at Barbers Point Naval Air Station to be conveyed to the State under the base realignment and closure process;

(2) Authorize the commission to negotiate with and receive lands, buildings, and property from the federal Department of Defense;

(3) Authorize and empower the commission to redevelop these lands in accordance with the reuse plan approved by the governor;

(4) Rename the surplus lands at Barbers Point Naval Air Station to be received by the State as the "Kalaeloa community development district"; and

(5) Assign the staff of the Hawaii community development authority to assist the commission in its redevelopment activities. [L 1997, c 359, pt of §2]