HI SR92

Senate Resolution urges the Department of Land and Natural Resources and the Sand Island Business Association to negotiate a fair exchange of Sand Island Industrial Park land to allow businesses to remain on their leased parcels.

Sand Island Industrial Park consists of approximately 70 acres with 110 individual lots held under a 55-year master lease agreement that began in 1992.

Act 235 (Session Laws of Hawaii 2011) authorized the Department of Land and Natural Resources to consider selling or exchanging Sand Island parcels to leaseholders.

Department's primary objection to the exchange is potential substantial loss of lease revenue, absent alternative suitable land generating equivalent income.

Negotiated exchange must be completed by June 30, 2014, with certified copies of the resolution to be sent to the Board of Land and Natural Resources Chairperson and the Sand Island Business Association.