PECKING ORDER FOR PURCHASING HOMES/LOTS *
February 26, 2025
ALL HOME/LOT PURCHASES TO BE PRIMARY RESIDENCES OF THE PURCHASER
| Home/Lot selection will be based on Priority # listed below followed by years of service at the Ewa Plantation/Oahu Sugar Company. ESTIMATED LOT PRICES | ||
| FIRST Priority: | Surviving Tenants of Record (TOR) and spouses residing in Varona Village. | |
| Category A: | TOR or spouse of TOR if TOR has passed away residing in Varona Village (they can buy the home they occupy or if vacant lot is desired, priority will be based on years of service at Ewa Plantation/Oahu Sugar Company). | $100,000 |
| Category B: | Current Resident (no TOR relationship) that is primary on the existing Rental Agreement renting in Varona Village for at least 24 consecutive months prior to August 1, 2019. Owns no other real estate in the last 3-years. Can buy the home they occupy only. All other tenants on an existing Rental Agreement who have not occupied a unit in Varona Village for at least 24 consecutive months prior to August 1, 2019 are deemed to be FIFTH Priority Public. A tenant of Varona Village who is deemed to be a FIFTH Priority Public may be given a 90-day Notice to Vacate if a higher priority buyer qualifies to buy the home they occupy. | $150,000 |
| Category C: | TOR desiring to return to Varona Village (as long as the departure/removal or eviction was not a result of illegal activity). Can buy, but cannot displace someone. Able to buy vacant home or lot. Owns no other real estate in the last 3-years. | $100,000 |
| SECOND Priority: | Children of a TOR (TOR-C, i.e. son, daughter, etc.) and Grandchild of a TOR (TOR-G). | |
| Category A: | TOR-C child presently residing in Varona Village with TOR. (Refer to lottery) First-time homebuyer has not owned any real estate in the last 3-years. | $150,000 |
| Category B: | TOR-C child desiring to return to Varona Village; first-time homeowner has not owned any real estate in the last 3-years. (Refer to lottery) | $150,000 |
| Category C: | TOR-G grandchild presently residing in Varona Village with TOR. (Refer to lotter) First-time homebuyer has not owned any real estate in the last 3-years. | $150,000 |
| Category D: | TOR-G grandchild desiring to return to Varona Village. (Refer to lottery) First-time homebuyer has not owned any real estate in the last 3-years. | $150,000 |
| THIRD Priority: | Other TOR/TOR-C/TOR-G of the Ewa Plantation/Oahu Sugar Company who worked in Ewa; not from Varona Village, but lived in a Ewa Village. (Lottery applies) First-time homebuyer has not owned any real estate in the last 3-years. | $200,000+ |
| FOURTH Priority: | Any other Oahu retired plantation workers other than Ewa Plantation/Oahu Sugar Company retired plantation workers. First-time homebuyer has not owned any real estate in the last 3-years. | $200,000+ |
| FIFTH Priority Public: Category A: Category B: | Public or deemed to be public (First Priority, Category B) All tenants on an existing Rental Agreement in Varona Village who have not occupied a unit in Varona Village for at least 24 consecutive months prior to August 1, 2019. General public, not covered under any of the above categories. Must be a first-time homebuyer not owned any real estate in the last 3-years. | $200,000+ |
LOTTERY
TOR families with more than one (1) member wanting to return to Varona Village will have an opportunity to purchase through lottery rounds where one (1) name will be entered per round. When all named have been drawn, subsequent rounds will take place using the same format until all names submitted are drawn and/or all available Homes/Lots are selected.
* NOTES: 1: A residing TOR has the option to continue renting as a “Rent-to-Own” occupant. Must pay a reasonable rent as established in Camp Council.
2. Residing Non-TORs who desire to continue renting will be in the category, “Rent-to-Own”.
3. All tenants must be in good standing and have no illegal activities occupying on-site.
4. Sections #1 applies to tenants occupying by September 31, 2019. Tenants occupying after September 31, 2019, thru Sections #2 – #6 apply depending which category they fall in.
5. If occupied home is not purchased, it becomes a vacant home if and when the current tenant moves out.
6. All Buyers must also financially qualify to purchase a home.
7. Varona Board of Directors make all final decisions on Pecking Order placement of a Buyer.
8. Project is a cost plus project. $100,000 (TOR), $150,000 and $200,000 prices are as of March 10, 2020 and assuming costs as of that date. If costs increase, prices could increase.
{00425403.2} L://DEVELOPER ACQUISITION PROJECTS/VARONA VILLAGE/MISCELLANEOUS/2020/PECKING ORDER 02-26-2025.doc