STAND. COM. REP. NO. 3234

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 Ways and Means, 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 a single family home located at 41-669 Inoaole Street, Waimanalo, Hawaii.

     Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism and the Hawaii Housing Finance and Development Corporation.  Your Committee received written comments 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 section 171-64.7, Hawaii Revised Statutes, requires the prior approval of the Legislature by concurrent resolution to sell certain state lands in fee simple.  Your Committee also finds that the property at 41-669 Inoaole Street is a single family home built in 1974 as part of the 190‑unit Hale Aupuni affordable for-sale housing development.  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.  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.  Accordingly, your Committee finds that the Corporation has met all statutory prerequisites to request approval of the sale of this parcel.

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

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair