Mayor has at least $2M in land and farm holdings
Arakawa, other county officials financial reports released
WAILUKU — Maui County Mayor Alan Arakawa’s holdings in land and Arakawa Farms is worth at least $2 million, according to his financial report for 2017.
The annual report filed with the Ethics Board earlier this month said that he was half-owner with his brother, Wallace, in three Kula parcels with his share worth at least $1.5 million — at least $500,000 per parcel.
The mayor also reported “jointly” owning Arakawa Farms with his worth being at least $500,000. The report did not say with whom he owned the farm.
In addition to his annual salary of $151,979, he received between $25,000 and $49,999 annually from rentals with his wife, Ann, the report said.
Mrs. Arakawa, a retired University of Hawaii Maui College math instructor, received between $10,000 to $24,999 annually.
The mayor jointly has a home equity loan from Kahului Credit Union of between $100,000 to $199,999.
The disclosure forms do not ask for specific amounts but ranges.
The mayor’s disclosure report and others filed by elected officials, appointed officers and candidates seeking elected offices were acknowledged by the Board of Ethics at its April 11 meeting. The board does not take action on the disclosures but reviews them for possible ethical issues that warrant further review.
Filing dates for disclosures vary for individuals.
Arakawa’s second in command, Managing Director Keith Regan, has a salary of $141,551 annually. His wife, Lynn Araki-Regan, who is chief of staff for Arakawa, earned $112,596. Araki-Regan also earned between $50,000 to $99,999 annually as an attorney with Araki-Regan & Associates.
The couple each have a one-third share worth between $1,000 to $9,999 in CalendarMaui.com, a web-based community calendar. They have a Bank of Hawaii mortgage of $500,000 or more.
Regan alone owed between $25,000 to $49,999 for a student loan and between $1,000 to $9,999 each to Bank of America and American Express.
Council Member Elle Cochran, who is running for mayor in the fall, has an annual council salary of $76,475 and her husband, Wayno, has a salary of between $100,000 to $199,999 from Maui Surfboards.
Cochran is part-owner in three west side properties with her share worth at least $175,000. She owns half of a Lahaina property with her share worth between $100,000 to $199,999; a 25 percent share worth between $25,000 to $49,999 in a Honolua property; and a 25 percent share worth between $50,000 to $99,999 in another Honolua property.
Cochran logged rental property income of between $50,000 to $99,999.
Cochran cashed out some of her Marriott stock worth of between $10,000 to $24,999, while retaining between $100,000 to $199,999 worth of stock.
She also received an estimated $100 gift of a swag bag, which included hats and a bag from KemperLesnik’s managed Maui Jim Maui Invitational basketball tournament in Lahaina.
The Board of Ethics at its meeting April 11 decided to look into the gifts from tournament managers to elected and appointed officials, especially game tickets which are worth thousands of dollars. Cochran told The Maui News last week that after a cautionary letter from the Ethics Board 2016 she stopped accepting basketball tickets.
Cochran was one of three council members to report receiving gifts from the tournament so far this year, the others being council members Don Guzman and Stacy Crivello.
In other filings:
• Council Vice Chairman Robert Carroll reported a salary of $76,475. His wife, Geraldine, who is retired from the State of Hawaii, received $1,000 to $9,999 annually. Carroll received dividends of between $1,000 to $9,999 each from the following stocks, Verizon, GTE, AT&T, Vodafone and Comcast.
Carroll owed between $50,000 to $99,999 to American Savings Bank. He and his wife own a Pukalani property worth $500,000 or more.
• Council Member Yuki Lei Sugimura has a salary of $76,475. Her husband, Takashi, an educator at University of Hawaii Maui College, earned between $10,000 to $24,999 and a pension between $50,000 to $99,999.
Sugimura is the owner of Connec LLC, a marketing company worth between $10,000 and $24,999. Sugimura reported debt of $500,000 or more with Chase Bank. She and her husband own a property in Kula.
• Liquor Control Director Glenn Mukai reported his salary of $132,432 and receiving stock dividends from Hawaiian Electric Industries worth between $1,000 to $9,999. He jointly owns 1,126 common shares, 463 common shares held under joint tenant and 663 common shares held under trust with Hawaiian Electric Industries. The value is between $25,000 to $49,999.
He also received veterans benefits of between $1,000 to $9,999.
Mukai jointly owed between $100,000 to $199,999 to Bank of Hawaii in an account held under Glenn Mukai and Dawn Naomi Mukai Revocable Living Trust. He also jointly owns a Wailuku property under the same trust with a value between $200,000 to $499,999.
• County Auditor Lance Taguchi has a salary of $131,040. His wife is a cosmetologist and an owner of Nail Art Hair Salon with annual compensation of between $10,000 to $24,999. He is joint owner of TTT Salon LLC (dba Nail Art Hair Salon), which has a value of between $50,000 to $99,999.
He also has a half interest with his sister in a Waikapu property. The value is between $100,000 to $199,999.
Jointly, he owed between $200,000 to $499,999 to American Savings Bank.
• Fire Chief Jeff Murray earns $151,200 a year and has a one-third ownership in a Pukalani property. His share is worth between $200,000 to $499,999.
He owed between $10,000 to $24,999 for a vehicle loan to Maui County Federal Credit Union and owed the same amount for a credit card from Bank of Hawaii.
• Planning Director William Spence earned $130,732. His wife, a Realtor, earned between $10,000 to $24,999. Spence jointly owed $500,000 or more to American Savings Bank.
* Melissa Tanji can be reached at email@example.com.