10-02-2009, 11:01 AM
In this current instance - Hamakua Lands - I am confident that the council is very able to vote in favor of any sale at any price.
The primary issue is will the owners (the public) be entitled to know the terms of sale before closing.
If there was another method to make the information subject to public testimony then that would be great.
The current situation calls for the owners (us) to hand the sale to a real estate agent (county administration) with little experience and no references. The current instructions to the agent are to sell the land for what you can get for it to whomever you can and tell us how it worked out when it's over. It's called a Distress Sale.
Neither you or I would ever, ever, ever to that in private business.
So it makes one wonder.... if the most basic of business principles are offensive to the CoH what other due diligence is to be avoided?
The primary issue is will the owners (the public) be entitled to know the terms of sale before closing.
If there was another method to make the information subject to public testimony then that would be great.
The current situation calls for the owners (us) to hand the sale to a real estate agent (county administration) with little experience and no references. The current instructions to the agent are to sell the land for what you can get for it to whomever you can and tell us how it worked out when it's over. It's called a Distress Sale.
Neither you or I would ever, ever, ever to that in private business.
So it makes one wonder.... if the most basic of business principles are offensive to the CoH what other due diligence is to be avoided?
Assume the best and ask questions.
Punaweb moderator
Punaweb moderator