Bill Text: HI HCR30 | 2010 | Regular Session | Amended
Bill Title: Approving the Sale of the Fee Interest in 95-021 Kuahelani Avenue, Mililani, Hawaii
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2010-04-28 - (S) Received notice of Final Adoption from House (Hse. Com. No. 633). [HCR30 Detail]
Download: Hawaii-2010-HCR30-Amended.html
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HOUSE OF REPRESENTATIVES |
H.C.R. NO. |
30 |
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TWENTY-FIFTH LEGISLATURE, 2010 |
S.D. 1 |
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STATE OF HAWAII |
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HOUSE CONCURRENT
RESOLUTION
APPROVING THE SALE OF THE FEE INTEREST IN 95-021 KUAHELANI AVENUE, MILILANI, 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 95-021 Kuahelani Avenue #301, Mililani, Hawaii, TMK No. 1-9-4-5-34-0136, the square footage of which is 764 square feet, with a 0.4329 per cent undivided interest in the common elements of the condominium project, to its current leasehold owner, Mr. Jason Narito (the "lessee"); and
WHEREAS, the subject unit at 95-021 Kuahelani Avenue is located in the Nahoa Apartments which were built in 1975 through a state housing program, and the units were sold in leasehold to owner-occupants who were given the opportunity to purchase the leased fee interest; and
WHEREAS, the leased fee interest in this property was appraised on September 1, 2009, by Harlin Young & Co., Ltd., to have a fair market value of $42,000; and
WHEREAS, pursuant to a negotiation between the Corporation and the lessee, the parties agreed upon a sales price of $42,000, and there are no further development plans for this property; and
WHEREAS, the purpose of the sale of this property is to promote residential homeownership, and, more specifically, to allow its current leasehold owner, Mr. Narito, to obtain fee simple title to his home, at the agreed upon sales price of $42,000; and
WHEREAS, the Corporation submitted a copy of the 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 October 28, 2009, at the Mililani High School Dining Room, Mililani, 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; now, therefore,
BE IT RESOLVED by the House of Representatives of the Twenty-fifth Legislature of the State of Hawaii, Regular Session of 2010, the Senate 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 95-021 Kuahelani Avenue, Mililani, Hawaii
