HOUSE OF REPRESENTATIVES

H.C.R. NO.

25

TWENTY-FIFTH LEGISLATURE, 2010

 

STATE OF HAWAII

 

 

 

 

 

HOUSE CONCURRENT

RESOLUTION

 

 

APPROVING THE FEE SIMPLE SALE OF 91-1139 KAMAAHA LOOP, KAPOLEI, 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 in fee simple a single-family residence located at 91-1139 Kamaaha Loop, Kapolei, Hawaii, TMK No. 1-9-1-16-41-0019; and

 

WHEREAS, the Corporation obtained this property through exercise of its rights under its deferred sales price restriction placed on homes developed with the assistance of the chapter 201H, Hawaii Revised Statutes, expedited development process; and

 

WHEREAS, the Corporation intends to resell this property to a qualified resident as defined in section 201H-32, Hawaii Revised Statutes; and

 

WHEREAS, this property was appraised on December 13, 2009 by Uyetake Uyetake & Associates to have a fair market value of $231,000; 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 22, 2009 at Villages of Kapolei Association Recreational Center, Kapolei, Hawaii; and

 

WHEREAS, the Corporation did not receive any objection to the proposed sale of this property to a qualified resident as defined in section 201H-32, Hawaii Revised Statutes, at the October 22, 2009, public informational briefing nor at any other time; 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 fee simple sale of 91-1139 Kamaaha Loop, Kapolei, Hawaii, TMK No. 1-9-1-16-41-0019, to a qualified resident as defined in section 201H-32, Hawaii Revised Statutes, 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.

 

 

 

 

OFFERED BY:

_____________________________

 

 

BY REQUEST

Report Title: 

Approving The Fee Simple Sale Of 91-1139 Kamaaha Loop, Kapolei, Hawaii