AUTHORIZING THE ISSUANCE OF A TWENTY-FIVE-YEAR TERM, NON-EXCLUSIVE EASEMENT COVERING A PORTION OF STATE SUBMERGED LANDS AT WAIKIKI, HONOLULU, OAHU, FOR CONCRETE STAIRS, AND FOR USE, REPAIR, AND MAINTENANCE OF THE IMPROVEMENTS CONSTRUCTED THEREON.

HCR 5 is a procedural bill authorizing the Board of Land and Natural Resources to issue a 25-year non-exclusive easement for concrete stairs on state submerged lands at Waikiki. It directly affects HTH DH Ventures, LLC, which owns adjacent property and seeks to replace concrete steps removed in 2021. The easement allows the company to construct, maintain, and repair the stairs on the state-owned submerged lands, requiring payment of fair market value determined by an independent appraisal. This resolution complies with Hawaii Revised Statutes § 171-53, which mandates legislative approval for such land use. The bill does not create new policy but formalizes an existing administrative approval.