HI SCR12

Approves the sale of the leased fee interest in a 764 square foot apartment unit (TMK No. 1-9-4-5-34-0011) located at 95-011 Kuahelani Avenue, No. 111, Mililani, Hawaii

Property is appraised at a fair market value of $34,600 as of August 1, 2012, by appraiser Harlin Young & Co, Ltd.

Sale purpose is to convey the leased fee interest to the current leasehold owner; no development plan exists for this residential unit

Property was private land as of August 15, 1895 (Royal Patent No. 5732), and was acquired by the Hawaii Housing Authority through warranty deed from Mililani Town, Inc. on October 7, 1974

Public informational briefing was held on September 5, 2012, at Mililani High School with no objections received; draft resolution was submitted to Office of Hawaiian Affairs on September 12, 2012