NOTICE OF PUBLIC AUCTION

HANGAR LEASE
at
WAIMEA-KOHALA AIRPORT

Notice is hereby given that the State of Hawai’i, Department of Transportation, Airports Division ("State") shall conduct a public auction for a lease of land, located at Waimea-Kohala Airport ("MUE"), Waimea-Kohala, Hawai’i 96743, Island of Hawai’i, State of Hawai’i.

A. Time and Place of Auction. The Public Auction shall be conducted in the lobby area of the Main Terminal of MUE, Waimea-Kohala Airport Road, Waimea, Hawai’i 96740, on March 17, 2017, at 1:30 PM.

B. General Description and Location of the Land. Approximately 10,478 square feet of airport land at MUE, Waimea, Hawai’i 96740

C. Term and Use. The term of the Lease shall be thirty-five (35) years, commencing upon the execution of the Lease document. The Premises shall be used for the development, construction, operation, maintenance, and repair of an aircraft hangar at MUE.

D. Upset Rent. The upset annual rent for the first five (5) years shall be FOUR THOUSAND FOUR HUNDRED AND 76/100 DOLLARS ($4,400.76).

E. Availability of Documents for Inspection The Notice of Public Auction and Instructions to Bidders (the "Public Auction documents") are available for public inspection during business hours (7:45 AM to 4:30 PM, Monday through Friday, except holidays) at the office of MUE’s Management Office, Waimea-Kohala Airport Road, Waimea, Hawai’i, or available for public inspection and be obtained from the Airports Division website at www.hawaii.gov/dot/airports/doing-business.htm, or from the Department of Transportation, Airports Division, Property and Business Development Office located at the Honolulu International Airport, Inter-Island Terminal Building, 400 Rodgers Boulevard, Suite 700, Honolulu, Hawai’i 96819-1880. A copy of the Public Auction documents may also be purchased upon the tender of the non-refundable sum of FORTY AND N0/100 DOLLARS ($40.00) in United States currency or certified check. The Public Auction documents are subject to revision at any time prior to the Public Auction. All persons who have purchased the Public Auction documents will be notified of and provided copies of such revisions, if any.

F. Bidding. Each prospective Bidder will be required to complete the Bid Intent Package that requires submission of financial statement(s), and other documents, and submit the same to the State, at the Property and Business Development Office, no later than 4:00 PM on February 24, 2017. The questionnaires, included as part of the Bid Intent Package will be considered confidential and will not be made available for inspection by the general public.

Any qualified individual, corporation, limited liability company, partnership, joint venture or other entity may bid at the Public Auction after timely submission of an acceptable Bid Intent Package.

G. The State reserves the right to cancel this Public Auction, or to postpone or continue same from time to time, as it may deem necessary, by publication of notice to that effect or by public announcement at the time scheduled therefore.

    FORD N. FUCHIGAMI
    Director of Transportation

(HTH959625   2/1/17)~