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THE SENATE |
S.C.R. NO. |
56 |
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TWENTY-FIFTH LEGISLATURE, 2010 |
S.D. 1 |
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STATE OF HAWAII |
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SENATE CONCURRENT
RESOLUTION
APPROVING THE SALE OF THE FEE INTEREST IN 2949 ALA ILIMA STREET #201, HONOLULU, HAWAII.
WHEREAS, Act 176, Session Laws of Hawaii 2009, requires the prior approval of the Legislature by concurrent resolution to sell certain state land in fee simple; and
WHEREAS, the Hawaii Housing Finance and Development Corporation (the "Corporation") desires to sell the fee interest in 2949 Ala Ilima Street #201, Honolulu, Hawaii, TMK No. 1-1-1-61-2-0001, to its current leasehold owner, Mr. Brian Yamasaki (the "lessee"); and
WHEREAS, the subject unit at 2949 Ala Ilima Street is part of the Puana Malu condominiums, which was acquired in 1975 under a State housing program, and the units were sold in leasehold to owner-occupiers who were given the opportunity to purchase the leased fee interest; and
WHEREAS, the fee interest in this property was appraised on September 1, 2009, by Harlin Young & Co. to have a fair market value of $53,600; and
WHEREAS, pursuant to a negotiation between the Corporation and the lessee, the parties agreed upon a sales price of $53,600, and there are no further development plans for this property; and
WHEREAS, the Corporation submitted a copy of this Concurrent Resolution to the Office of Hawaiian Affairs on January 25, 2010; and
WHEREAS, pursuant to the requirements of Act 176, Session Laws of Hawaii 2009, the Corporation did duly conduct a public informational briefing on the sale of this property on November 4, 2009, at the Aliamanu Middle School Dining Room, Honolulu, Hawaii; and
WHEREAS, the Corporation did not receive any objection to the proposed sale of the fee interest in this property at the public informational briefing nor at any other time; now, therefore,
BE IT RESOLVED by the Senate of the Twenty-fifth Legislature of the State of Hawaii, Regular Session of 2010, the House of Representatives concurring, that the sale of the fee interest in the subject property to the lessee is approved; and
BE IT FURTHER RESOLVED that a certified copy of this Concurrent Resolution be transmitted to the Executive Director of the Hawaii Housing Finance and Development Corporation.
Approving the Sale of the Fee Interest in 2949 Ala Ilima Street #201, Honolulu, Hawaii