THE SENATE |
S.C.R. NO. |
9 |
TWENTY-SECOND LEGISLATURE, 2004 |
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STATE OF HAWAII |
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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 Senate of the Twenty-second Legislature of the State of Hawaii, Regular Session of 2004, the House of Representatives 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: |
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BY REQUEST |
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