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REPORT OF THE I <br /> COMMITTEE ON FINANCE <br /> DATE: February 6, 2001 Re: Comm. No. 76/Bill No. 20 <br /> PLACE: Council Chambers <br /> TIME: 10:30 A.M. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance,to which was referred Bill No. 20, reports as follows: <br /> Bill No. 20, transmitted by Director of Finance William T. Takaba, via Communication No.76, <br /> dated January 19, 2001, amends Ordinance No. 00-64, as amended, the Capital Budget ending <br /> June 30, 2001. The amendment is'as follows: <br /> PUBLIC WORKS: <br /> Puainako Street Extension 110-399-5391.25-115 $22,300,000 <br /> Puainako Street Extension <br /> (County Matching Funds) 110-399-5391.26-115 $ 5,800,000 <br /> Funds for this project(s) shall be provided from: <br /> Federal Grants Receivable $9,500,000 <br /> General Obligation Bonds, Capital Projects Fund- $2,200,000 <br /> Fund Balance and/or Other Sources <br /> The original appropriation of$16,400,000 is being increased by $11,700,000 to total <br /> $28,100,000. <br /> This is a Federal funded project. The revised cost is based on the actual bid amount received on <br /> November 22, 2000. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 20 and <br /> recommends it pass first reading. <br /> smc <br /> AYES NOES A&E EX Respectfully submitted <br /> CHUNG X <br /> PISICCHIO X COMMITTEE ON FINANCE <br /> ARAKAKI X <br /> ELARIONOFF X <br /> JACOBSON X / r` n <br /> LEITHEAD-TODD X <br /> SAFARIK x AARON S.Y. CHUNG, CHAIR <br /> TYLER X FC REPORT NO. 19 <br /> YAGONG X ADOPTED: FEB 2 2 2001 <br />