Section 19-170-48 - Competitive bidding(a) Should the development corporation and any joint venturer determine to select a developer-lessee by competitive bidding, the board and any joint venturer shall prepare or cause to be prepared a development plan for the Aloha Tower complex which incorporates the needs of the department of transportation, and which will implement the intent of chapter 206J, HRS.(b) The development plan will be prepared in sufficient detail and with the specificity which will enable qualified bidders to submit competitive priced tenders based on definitive requirements. Terms will be set forth generally in the advertisement for sealed tenders.(c) Notice of the request for bids shall be published not less than three times in the two major Honolulu newspapers. No more than one of these publications shall be made on any one day or on two consecutive days.
(d) Leases will be awarded on the basis of the highest return to the State and joint venturer.[Eff MAY 5 2013] (Auth: HRS § 206J-5) (Imp: HRS §§ 206J-5, 206J-9, 206J-10, 206J-11)