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The county wants to secure a real estate deal in 20 days?
Maybe the funds are limited, and the county is working its way down a list of prospective sellers. If no response after 20 days, the offer to buy moves on to the next person on the list?
“There are worse crimes than burning books. One of them is not reading them.”
-Joseph Brodsky
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves
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Market value is what someone is willing to pay, NOT what someone is willing to ask.
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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
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?*
Trying to post for the third time here because for some reason my device has picked up some bad habits or virus bugs today.
Dakine thank you for the reality advice.
Carey, your the best and went above and beyond with your great advice and links. I did mention the 2015 deadline big oppsie to the realtor and she told me to just cross the date off and initial the proper 2016 date,lol. The realtor did let us know we could buy back our property at the county auction and even move just down the road if we wanted to. This is not what we want or intend on doing because we don't feel that would be right to do. We would much rather move off island if its made slightly more possible. We think these concerns may become a reality for others though because of the lower county buyout offers coupled without any other relocation incentives.
Pahoated, all remaining on this relocation list have recently been contacted this way by Clark realty with a similar offer from the county of only 100% of their 2014 assessed property values. The difference in our case is about $40,000 because a 130% of our assessed property value of $137,000 even in the year of 2014 would come to $177,000. This offered amount difference makes the whole relocation process away from lower puna or geothermal that much more difficult,jmo.
We don't know why the county made us wait several years for this type of changed or 30% lowered offer. We didn't ask for, or want to experience yet another frightening geothermal blowout on the night tropical storm izelle arrived.
We will be calling the county planning dept Monday (holiday today) to talk story a bit and see about the possibilities of extending the deadline time or a counter offer. We will also be looking into close property comps this next week. PWeb, Thank you all thus far for the added advice and opinions.
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quote:
Originally posted by leilanidude
@punatic007 - Basing your paranoia upon an incident in 1991, with a completely different plant and mode of operation, is fear mongering.
eta - clarity
Really? Last toxic release from geothermal I am aware of was during Hurricane Iniki 2 yrs ago. That was an extra special nightmare for the residents unable to evacuate due to the downed trees and electrical poles. Perhaps there's been more dangerous toxins since then but with a mayor facing criminal charges who indiscriminately supports all big business, the county support and notification systems for the neighbors at risk are undermanned and underfunded.
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quote:
Originally posted by Punatic007
quote:
Originally posted by leilanidude
@punatic007 - Basing your paranoia upon an incident in 1991, with a completely different plant and mode of operation, is fear mongering.
eta - clarity
Really? Last toxic release from geothermal I am aware of was during Hurricane Iniki 2 yrs ago. That was an extra special nightmare for the residents unable to evacuate due to the downed trees and electrical poles. Perhaps there's been more dangerous toxins since then but with a mayor facing criminal charges who indiscriminately supports all big business, the county support and notification systems for the neighbors at risk are undermanned and underfunded.
Iniki? That was in 92. Did you mean tropical storm Iselle?
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Also remember that out of what you make on the sale, with a realtor there are closing costs. Also take away the 5 percent sales tax on the sale price, not the gains price. Gains price is the amount left over after the current loan(s) are paid off. With the gains, or profit, investigate what other taxes, like capital gains, or others apply. Consult with legal advice, or an accountant. What's left to go buy somewhere else may not be as much as you think when you include moving expenses.
Community begins with Aloha
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Since we are remembering Iselle here.
There are Many reasons why our family will never forget tropical storm iselle beyond the house, property, and fence damage we recieved. The amount of trees that came down was amazing, the only thing more amazing was that nobody died due to those large trees falling " thankfully Iselle didn't arrive at rush hour". Unfortunately lower puna was very unlucky with the timing of this big wind storm because of the soon to be identified Ohia Wilt fungus. The ROD fungus spread like a wild fire throughout lower puna during tropical storm Iselle, because the storm broke or snapped many healthy Ohia branches. One pin hole size scrape or blemish to the ohia tree and the (ROD) will and did take over,jmo.
Tropical storm Iselle also caused the geothermal toxic blowout or Planned release over leilani estates. We had a family member within a half mile of this geothermal blowout need emergency attention that night and subsequently was never well enough to return home again.
We had friends in a state of panic because they couldn't evacuate the subdivision (when advised) due to the amount of trees that had blown down blocking the roadways. Anyway it was a nightmare of a night for us and we feel a lot of the concerns we incurred could have been avoided by shutting down the plant prior to Iselle. The county, helco, and Ormat all made the decisions to keep geothermal operations on full go in order to continue to feed the many Kona tourism resorts with electricity. And now Ormat and the county are lowballing families who have been on this geothermal relocation list years before this past geothermal blowout "planned release". Shame,jmo.
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geothermal toxic blowout or Planned release over leilani estates
So take the offer and move, already.
Ormat all made the decisions to keep geothermal operations on full go in order to continue to feed the many Kona tourism resorts with electricity
Funny, I didn't realize the "grid" connected East and West.
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