Ka Wai Ola - Office of Hawaiian Affairs, Volume 31, Number 7, 1 July 2014 — OHA Board Actions Compiled by Garett Kamemoto [ARTICLE+ILLUSTRATION]

OHA Board Actions Compiled by Garett Kamemoto

The following actions were taken by the Office of Hawaiian Affairs Board of Trustees, and are summarized here. For more information on board actions, please see the complete meeting minutes, including the legislative matrix mentioned helow, posted online at oha.org/about/board-trustees.

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Motion to 1) Amend Action ltem ARM #14-03 to remove the proposed OHA lnvestment Policy Statement change of Section 1.5 Spending Policy (Page 2, Section B1), and 2) Approve amendments to the Native Hawaiian Trust Fund lnvestment Policy Statement as described in Attachment "A" (lnvestment Policy Statement). (Second reading) Motion to adopt and Approve the policy guidelines for the Committee on Land and Property. MOTION To enter into a 65-year lease from the Department of Land and Natural Resources to OHA for land located at Wailua, Kawaihau (Puna), Kaua'i identified by Tax Map Key (TMK): (4) 4-1-004:021 and Sublease to Ho'omana subject to stipulations in item #2 of a memo from Administration dated May 30th, outlining a detailed due diligence process; and provided that final approval of the lease by OHA be subject to completion of additional due diligence on the property. OHA should request a minimum of 90-120 days to complete the additional due diligence. Administration estimates additional due diligence could cost up to $20,000 to address eaeh of the issues identified in the iniīial due diligence.

- LEGEND 9 'Ae (Yes) 9 'A'ole (No) 9 Kānalua (Abstain) 9 Excused/Not Present

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Motion passes with eightAYES and one EXCUSED/NOT PRESENT.

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Motion passes with nine AYES. Motion passes with nine AYES. Motion passes with nine AYES.