HI SCR134

Approves the sale of fee simple interest in Parcel I (tax map key no. (1) 2-1-015:061) located in Kaka'ako, Honolulu, from the Office of Hawaiian Affairs to the City and County of Honolulu.

Parcel I is approximately 141,832 square feet located on Forrest Avenue and Ala Moana Boulevard in the Kaka'ako makai area.

Fair market value of the parcel is appraised at $29,640,000 as of December 5, 2017, appraised by James E. Hallstrom, Jr. and Brian S. Goto of CBRE, Inc.

Land will be used by the City and County of Honolulu to address municipal sewage needs and increase system capacity for the east Honolulu service basin through construction of a major pump station and/or other wastewater facility.

Parcel I was classified as government or crown land prior to August 15, 1895, as determined through title research by the Office of Hawaiian Affairs.