06-10-2016, 03:21 PM
This must be the actions from 2013 green lighted by the county council. There were 5 requests pending, the county council assigned it to the Planning Department, Planning Department contracted it out with Clark Realty.
The relocation clearly says up to 130% of assessed value, not market value. Also, it is only for residences that existed before the plant. All 5 settled so far have been for that amount. Funny thing, 4 of those were sold later for about 1/3 of what the county paid for them. The county is auctioning off the properties and putting funds back into the geothermal fund.
Last status was in 2013. This must be how long it took for the offer letter to get out on the next set of possible relocations. Yep, fund money comes from Ormat, county auction goes back into interest bearing account, county credit rating goes up. Typical Puna silliness.
http://westhawaiitoday.com/news/local-ne...ng-forward
"Aloha also means goodbye. Aloha!"
The relocation clearly says up to 130% of assessed value, not market value. Also, it is only for residences that existed before the plant. All 5 settled so far have been for that amount. Funny thing, 4 of those were sold later for about 1/3 of what the county paid for them. The county is auctioning off the properties and putting funds back into the geothermal fund.
Last status was in 2013. This must be how long it took for the offer letter to get out on the next set of possible relocations. Yep, fund money comes from Ormat, county auction goes back into interest bearing account, county credit rating goes up. Typical Puna silliness.
http://westhawaiitoday.com/news/local-ne...ng-forward
quote:
The relocation program allows for homes to be purchased for up to 130 percent of their assessed value. To date, each of the five homes purchased under the program have been bought for that amount, for a total cost of $646,407.
Four have been re-sold for a total of $216,100.
After being purchased, each home would then be auctioned, with proceeds going back into the fund to cover additional acquisitions.
"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*