STAND. COM. REP. NO. 2858

Honolulu, Hawaii

RE:    S.C.R. No. 13

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Madam:

     Your Committee on Water and Land, to which was referred S.C.R. No. 13 entitled:

"SENATE CONCURRENT RESOLUTION APPROVING THE SALE OF THE LEASED FEE INTEREST IN 41-669 INOAOLE STREET, WAIMANALO, HAWAII,"

begs leave to report as follows:

     The purpose and intent of this measure is to approve the sale of the leased fee interest in 41-669 Inoaole Street, Waimanalo, Hawaii.

     Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism; Hawaii Housing Finance and Development Corporation; and two individuals.  Your Committee received testimony in opposition to this measure from one individual.  Your Committee received comments on this measure from the Office of Hawaiian Affairs.

     Your Committee finds that the Hawaii Housing Finance and Development Corporation is seeking legislative approval to sell the leased fee interest in 41-669 Inoaole Street to its current leasehold owner.  The property at 41-669 Inoaole Street is a single family home built in 1974 as part of Hale Aupuni, a 190‑unit affordable for-sale housing development.  The Corporation has met all statutory prerequisites to request approval of this sale.  The fair market value of the leased fee interest in 41-669 Inoaole Street was determined to be $46,900 as of July 1, 2013, by the Corporation's appraiser, Harlin Young & Co, Ltd.

     As affirmed by the record of votes of the members of your Committee on Water and Land that is attached to this report, your Committee concurs with the intent and purpose of S.C.R. No. 13 and recommends that it be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Water and Land,

____________________________

MALAMA SOLOMON, Chair