HI HR142

Urges the Department of Land and Natural Resources (DLNR) and Sand Island Business Association to continue discussions regarding sale or exchange of parcels within the Sand Island Industrial Park on Oahu.

Recognizes that Sand Island Business Association members have invested over $41 million in infrastructure improvements and over $55 million in leasehold improvements since entering into a 55-year master lease with DLNR in 1992.

Notes that Act 235 (Session Laws of Hawaii 2011) authorizes DLNR to consider selling or exchanging Sand Island Industrial Park lots to leaseholders, with the park valued at approximately $97.2 million.

Requires DLNR to submit three preliminary progress reports to the Legislature (due 20 days after 2013 session adjournment, July 31, 2013, and October 31, 2013) and a final report with any proposed legislation due 20 days before the 2014 Regular Session.

Emphasizes that a land exchange would support the viability of approximately 2,000 jobs at small locally owned businesses while allowing DLNR to diversify its property portfolio away from the tsunami-prone industrial park area.