NOTICE OF PUBLIC AUCTION

LAND LEASE
AT
HILO INTERNATIONAL 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 Hilo International Airport (“ITO”), Hilo, Hawai`i 96720, Island of Hawai`i, State of Hawai’i.

A. Time and Place of Auction. The Public Auction shall be conducted at the Management Office of ITO, 2450 Kekuanaoa Street, Room 215, Hilo, Hawai`i 96720, December 20, 2016, at 10:00 AM.

B. General Description and Location of the Land.
Approximately 153,173 square feet of airport land at ITO, Hilo, Hawai`i 96720.

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, maintenance and operation of a mail sort and van station facility or any other airport-related purpose permitted by law and approved of in writing by the State.

D. Upset Rent. The upset annual rent for the first five (5) years shall be ONE HUNDRED FIFTY-FOUR THOUSAND SEVEN HUNDRED FOUR AND 72/100 DOLLARS ($154,704.72). The annual rental shall be reopened for the 16th and 26th years of five (5) years each in accordance with Section 171-17 (d) of the Hawai`i Revised Statutes. The rental amount shall be due and payable in monthly installments, in advance for the term of the lease.

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 ITO’s Management Office, 2450 Kekuanaoa Street, Room 215, Hilo, 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 November 30, 2016. 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
(SA928932 11/1/16)~