Ka Wai Ola - Office of Hawaiian Affairs, Volume 34, Number 7, 1 July 2017 — Page 11 Advertisements Column 1 [ADVERTISEMENT]

OHA Board Actions The following actions were taken by the Office of Hawaiian Affairs Board of Trustees, and are summarized here. For more information on board actions, please see the complete meeting minutes posted online at http://www.oha.org/BOT.

Motion to approve Administration's recommendation on Action ltem BAE #17-04 Misti Pali-Oril, to serve as the OHA representative on the Native Hawaiian Revolving Loan Fund (NHRLF) Board of Directors. Moīion to approve SOQ No. RM 2017-35, requesting Statements of Qualifications for auditing services, in order to procure an independent auditor to conduct the audit authorized by the Board of Trustees through action item RM #17-02. Motion to approve an OHA Resolution for Trustee Moanike'ala Akaka.

Motion to approve a Board of Trustees policy amendment to the Kakaako Makai Policy, Section 3.A.2), originally adopted on September 20, 2012, to state (new language is bold and underscored): Allocate 10% of gross revenue for grants and 30% of net revenue for OHA's Legacy Property Management (net revenue equals gross revenue minus direct operating expenses, excluding Kaka'ako Makai planning and develop-ment-related costs) (*The 30% allocation of net revenues to LPM shall terminate at the end of FY 2019) Motion that the Board of Trustees approves and recommends the Total Operating Budget for the Fiscal Biennium Periods 2017-2018 (FY18) and 2018-2019 (FY19) as outlined in Attachment#1