NOTICE OF SALE
PUBLIC AUCTION SALE OF ONE (1) STATE OF HAWAII LEASE
ON THE ISLAND OF OAHU
The Department of Land and Natural Resources ("DLNR"), Land Division, Oahu District Branch, will be conducting a public auction sale of one (1) lease for State land at the following date and location:
DATE & TIME August 28, 2019, at 10:00 AM (HST)
PLACE Kalanimoku Building, 1151 Punchbowl Street, Room 220
Honolulu, Hawaii 96813
The above date, time, and/or place of auction are subject to change by DLNR.
The lease to be auctioned on the above date covers the following parcel located at the corner of Kilihau Street and Kakoi Street, Moanalua, Honolulu, Oahu.
Location: Portions of Government Lands situated at Moanalua, Honolulu, Island of Oahu, Hawaii as shown and described on Government Survey Map C.S.F. No. 22,279 dated March 1, 1995.
Tax Map Key: (1) 1-1-064:006
Land Area: 9,005 square feet
Permitted Uses: Open storage or parking purposes.
Lease Term: Twenty (20) years
Commencement Date: No more than thirty (30) calendar days from the date DLNR transmits the lease to the successful bidder for execution; provided that if such date is not on the first day of any month, the commencement date shall be the first day of the month following such date; and further provided that the Chairperson may amend the commencement date for good cause.
Upset Minimum Annual
Base Rent: $27,351.00 per annum, payable semi-annually in advance
Fixed Increases in Minimum
Annual Base Rent: Twenty (20) years known rent subject to fixed increases in the minimum annual base rent
First 10 Years Fixed
Years 11 – 20 1st Year’s Base Rent x 1.28
Performance Bond: Equal to two times the annual rental payable
Improvement Bond: Equal to the value of improvements, if any.
Encumbrances: Refer to the draft lease document and the exhibits to the lease for encumbrances to the lease, including but not limited to existing easements.
APPLICATION AND BIDDING INFORMATION
Any person wishing to bid and purchase the lease described above must first qualify to bid under the general qualifying criteria and the pre-qualifying criteria as described in the Public Auction Bid Packet ("Bid Packet"). Eligibility to bid shall be determined by the information supplied by prospective bidders in the Application and Qualification Questionnaire (“Application”) provided as Appendix A of the Bid Packet.
Applications by prospective bidders for the above listed lease must be received by DLNR no later than Thursday, July 30, 2019; 4:00 PM (HST) at any one of the District Land Offices listed below. Applicants shall submit one (1) original and three (3) copies of the Application (including copies of all required attachments). Any person who has failed to submit the completed Application and all required attachments (and required copies) by this date and time will not be allowed to bid. Each Applicant shall be informed in writing in advance of the auction date as to the Applicant’s eligibility to bid at the public auction. See Bid Packet for further instructions.
The Bid Packet describes the auction sale procedures, bidder qualifications and other requirements, and contains the Application form, memorandum of lease, draft lease document (including survey map and descriptions of the subject premises), and other relevant information. The Bid Packet may be examined at any of the District Land Offices listed below or downloaded from the DLNR website at http://dlnr.hawaii.gov/ld/public-hearings-and-notices/. Any person requiring special accommodation or information in an alternate format is asked to contact the Oahu District Land Office at (808) 587-0433.
Oahu District Land Office
1151 Punchbowl Street, Room 220, Honolulu, Hawaii 96813 Phone (808) 587-0433
Hawaii District Land Office
75 Aupuni Street, Room 204, Hilo, Hawaii 96720 Phone (808) 961-9590
Maui District Land Office
54 South High Street, Room 101, Wailuku, Hawaii 96793 Phone (808) 984-8103
Kauai District Land Office
3060 Eiwa Street, Room 208, Lihue, Hawaii 96766 Phone (808) 274-3491
Prospective bidders are responsible to thoroughly read and understand the covenants, terms, reservations, and conditions contained in the Bid Packet and draft lease document. The premises are to be leased in an “as is” condition, and prospective bidders are solely responsible to complete their own due diligence.
All bidders or authorized representatives must be present in person at the auction. DLNR reserves the right to cancel the public auction, to postpone or change the date of the public auction or any other deadlines, to reject any and all Applications or request the submittal of additional information, and to waive any defects when, in the opinion of the Chairperson, such action will be in the best interest of the State.
DONE at the office of the Department of Land and Natural Resources, State of Hawaii this 9th day of July 2019.
BOARD OF LAND AND NATURAL RESOURCES
By _______________________________
Suzanne D. Case, Chairperson
(SA1213439 7/9/19)
