STAND. COM. REP. NO. 2839

Honolulu, Hawaii

RE:    S.C.R. No. 10

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Water, Land, and Agriculture, to which was referred S.C.R. No. 10 entitled:

"SENATE CONCURRENT RESOLUTION APPROVING THE SALE OF THE LEASED FEE INTEREST IN 41-648 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 41-648 Inoaole Street, Waimanalo, Hawaii, pursuant to section 171-64.7, Hawaii Revised Statutes.

     Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism; Hawaii Housing Finance and Development Corporation; Ho‘omana Pono, LLC; and one individual.  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 41-648 Inoaole Street to its current leasehold owner.  The property at 41-648 Inoaole Street is a single family home built in 1975 as part of Hale Aupuni, a 190‑unit affordable for-sale housing development.  The fair market value of the leased fee interest in 41-648 Inoaole Street was determined to be $123,300 as of April 10, 2015, by the Corporation's appraiser, Harlin Young & Co, Ltd.  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 Water, Land, and Agriculture that is attached to this report, your Committee concurs with the intent and purpose of S.C.R. No. 10 and recommends that it be referred to your Committee on Ways and Means.

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

________________________________

MIKE GABBARD, Chair