HOUSE OF REPRESENTATIVES

H.C.R. NO.

14

TWENTY-SECOND LEGISLATURE, 2004

 

STATE OF HAWAII

 
   


HOUSE CONCURRENT

RESOLUTION

 

SUBMITTING TO THE LEGISLATURE OF THE STATE OF HAWAII FOR REVIEW OF ACTION TAKEN BY THE BOARD OF LAND AND NATURAL RESOURCES ON LAND EXCHANGES.

 

WHEREAS, section 171-50, Hawaii Revised Statutes, provides that land exchanges of public land for private land are subject to disapproval by the Legislature by two-thirds vote of either the Senate or the House of Representatives or by majority vote of both in any regular or special session; and

WHEREAS, the State owns approximately 226 acres of public land in Lahaina, Maui, identified as Tax Map Keys: (2)4-3-01:05, 06, 07, and 08; and

WHEREAS, these parcels of public land are almost entirely surrounded by lands owned by Maui Land & Pineapple Company, Inc., have been in agricultural use for many years and are now rented for pineapple cultivation yielding $6,060 in annual revenues; and

WHEREAS, the Land Study Bureau classifies these lands as having Type C (average) and Type D (below average) agricultural productivity ratings and the majority of these lands (177 acres) consist of gulch lands which are not suitable for cultivation; and

WHEREAS, Maui Land & Pineapple Company, Inc. is proposing a land exchange to acquire these 226 acres of public land for the purpose of combining approximately 60 acres with its adjacent privately-owned lands for its Kapalua Mauka project, a master-planned residential, commercial, and golf course development project; and

WHEREAS, most of the remaining acreage will remain in open space; and

WHEREAS, in exchange, Maui Land & Pineapple Company, Inc. would convey to the State three vacant lots in the Mill Town Center, an industrial park located in Waikele, Ewa, Oahu, identified as Tax Map Keys: (1)9-4-166:02, 03, and 04; and

WHEREAS, these lots are zoned for light industrial use, have county standard roadways and all utility infrastructure and will generate estimated annual rents of $98,400 to $131,200; and

WHEREAS, the parcels being conveyed to the State of Hawaii will provide the State with revenue-generating properties in exchange for remnant, poor quality agricultural land generating nominal rents; and

WHEREAS, proceeds from the leasing of the parcels to be acquired will be used for Public Land Trust purposes; now, therefore

BE IT RESOLVED by the House of Representatives of the Twenty-second Legislature of the State of Hawaii, Regular Session of 2004, the Senate concurring, that the following exchange, approved by the Board of Land and Natural Resources (Board), be reviewed by the Legislature:

EXCHANGE OF LAND BETWEEN STATE OF HAWAII AND MAUI LAND & PINEAPPLE COMPANY, INC.

Statute: Section 171-50, Hawaii Revised Statutes, as amended.

Purpose: Acquisition of income-producing land to generate revenues for Public Land Trust purposes.

Date of Board Approval: October 24, 2003.

I. MAUI LAND & PINEAPPLE COMPANY, INC. TO CONVEY TO THE STATE OF HAWAII

Location Tax Map Key Area Appraised Value

Waikele, (1)9-4-166:02 0.378 acre $ 430,000

Oahu

Waikele, (1)9-4-166:03 0.504 acre $ 580,000

Oahu

Waikele, (1)9-4-166:04 0.550 acre $ 630,000

Oahu

Total $1,640,000

II. THE STATE OF HAWAII TO CONVEY TO MAUI LAND & PINEAPPLE COMPANY, INC.

Location Tax Map Key Area Appraised Value

Lahaina, (2)4-3-01:05,

Maui 06, 07, 08 226.545 acre $1,510,000

III. NAME OF DISINTERESTED APPRAISERS WHO APPRAISED THE PROPERTIES

Public Land

Medusky & Co., Inc., pursuant to appraisal report dated November 14, 2003.

Private Land

Medusky & Co., Inc., pursuant to appraisal report dated October 31, 2003.

 

 

 

OFFERED BY:

_____________________________

BY REQUEST

Report Title:

State of Hawaii Legislature; Board of Land and Natural Resources; Land Exchanges