STAND. COM. REP. NO. 2855
Honolulu, Hawaii
President of the Senate
Twenty-Eighth State Legislature
State of Hawaii
Sir:
Your Committee on Water, Land, and Agriculture, to which was referred S.C.R. No. 13 entitled:
"SENATE CONCURRENT RESOLUTION APPROVING THE SALE OF THE LEASED FEE INTEREST IN 94-946 MEHEULA PARKWAY, NO. 264, MILILANI, 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 94-946 Meheula Parkway, No. 264, Mililani, 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; and 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 (Corporation) is seeking legislative approval to sell the leased fee interest in 94-946 Meheula Parkway, No. 264 to its current leasehold owner. The property at 94-946 Meheula Parkway, No. 264 is an apartment unit built in 1975 as part of the Nahoa Apartments condominium. The fair market value of the leased fee interest in 94-946 Meheula Parkway, No. 264 was determined to be $41,100 as of July 20, 2015, by 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. 13 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,
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________________________________ MIKE GABBARD, Chair |
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