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Board of Agriculture accepts appraisals, approves conversion and 65-year lease for Freitas Ranch and backs transfer of four DLNR leases
Summary
The State of Hawaii Board of Agriculture on a unanimous vote accepted independent appraisals setting new annual rents for several agricultural leases, approved converting a month‑to‑month revocable permit for GNC Freitas Ranch into a long‑term lease amended at the meeting to a 65‑year term, and approved the transfer of four DLNR encumbrances to the Department of Agriculture under Act 90.
The State of Hawaii Board of Agriculture on a unanimous voice vote accepted independent appraisals that set new annual lease rents for a number of AgPark and non‑AgPark parcels and approved two separate land actions affecting working farms and ranches.
Board staff presented appraisal reports prepared by ACM Consultants recommending fair‑market annual rentals for several Agricultural Park and non‑AgPark leases. Staff recommended the board “accept the fair market rentals” as listed in the submittal. The board approved the recommendation with no objections.
The board then took up a request from GNC Freitas Ranch, Inc., to convert revocable permit S‑7732 (pasture use) into a new long‑term non‑AgPark lease. Staff told the board an appraisal set the initial annual base rent at $1,240 and that,…
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