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HI HCR15
Concurrent Resolution
Status
1/25/2016
Primary Sponsor
Joseph Souki
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AI Summary
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Approves the sale of the leased fee interest in a 764 square foot apartment unit at 95-029 Kuahelani Avenue, No. 128, Mililani, Hawaii (TMK No. 1-9-4-5-34-27) by the Hawaii Housing Finance and Development Corporation.
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Property appraised at fair market value of $47,000 by Zane, Zane & Associates with valuation date of April 16, 2015.
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Sale purpose is to convey the leased fee interest to the current leasehold owner; property is part of the Nahoa Apartments condominium built in 1975 with no development plans.
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Property was determined to be private land as of August 15, 1895 (Royal Patent No. 5732, Land Commission Award No. 8241) and was acquired by the Hawaii Housing Authority through warranty deed dated October 7, 1974.
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Public informational briefing was conducted August 13, 2015 at Mililani High School with notice published August 7 and 10, 2015; Office of Hawaiian Affairs received draft resolution September 24, 2015; no objections were received.
Legislative Description
Sale of the leased fee interest in 95-029 Kuahelani Avenue, No. 128, Mililani, Hawaii, TMK No. 1-9-4-5-34-27
Last Action
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Kawakami, Kong, Oshiro, Tokioka, Tupola, Woodson excused (6).
3/24/2016