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HI HCR20
Concurrent Resolution
Status
1/21/2020
Primary Sponsor
Scott Saiki
Click for details
AI Summary
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Approves transfer of leased fee interest in a 6,937 square foot parcel at 610 Cooke Street, Honolulu (TMK No. 1-2-1-051:004) from Hawaii Housing Finance and Development Corporation to City and County of Honolulu.
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Parcel appraised at $210,000 fair market value by Medusky & Co., Inc. as of April 15, 2018.
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Transfer is part of a land exchange with the City to facilitate roadway access for a planned mixed-use development at 690 Pohukaina Street that will include a public elementary school.
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Conveyance remains subject to existing sub-lease to Na Lei Hulu Kupuna Senior Rentals, LP extending until December 12, 2082, with no impact on current rental operations.
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Title history shows portion of parcel (Parcel 6B-1) was government land as of August 15, 1895, and remainder was covered by Royal Patent and Land Commission Award held by Bernice Pauahi Bishop estate.
Legislative Description
Approving The Transfer Of The Leased Fee Interest In A Portion Of 610 Cooke Street, Honolulu, Hawaii, To The City And County Of Honolulu.
Transfer
Last Action
Report adopted. referred to the committee(s) on JUD as amended in HD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Har, McDermott, Say excused (3).
6/30/2020