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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: April 18, 2006 Re: Comm. No. 768Bi11 No. 253 <br /> PLACE: Council Chambers <br /> TIME: 10:28 a.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 253, reports as follows: <br /> Bill No. 253, transmitted jointly with Resolution No. 293-06 by Director of Finance <br /> William Takaba, via Communication No. 768, dated March 20, 2006, amends Ordinance No. <br /> OS-87, as amended, the Capital Budget, ending June 30, 2006, by adding the following project: <br /> PUBLIC WORKS: <br /> Waikoloa Emergency Road -County 110-399-5394.51 $120,000 <br /> Waikoloa Emergency Road -Private 110-399-5394.52 $ 60,000 <br /> Funds for these projects shall be provided from: <br /> General Obligation Bonds, Capital Projects Fund- $120,000 <br /> Fund Balance and/or other Sources <br /> Private Contributions $ 60,000 <br /> Funds will be used towards the construction of the Waikoloa Emergency Evacuation Road, an <br /> alternate evacuation route for the Waikoloa Village residents. <br /> Originally heard on Apri14, 2006, this measure was postponed pending an amendment to <br /> Resolution No. 293-06, per the direction of Council Member Pete Hoffmann, which amends the <br /> donor to be "Waikoloa Community Development Corporation" in lieu of "Waikoloa Village <br /> Association" in Resolution No. 293-06. <br /> Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget <br /> for that year with atwo-thirds vote. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 253 and <br /> <br /> recommends it pass first reading. <br /> smc <br /> noes roes n&e ex Respectfully submitted, <br /> ARAKAKI X <br /> xlcA x COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> HOLSCHUH X <br /> IKEDA X ~ <br /> ISBELL X <br /> aACOSSON x VIRG IA ISBELL, CHAIR <br /> PILAGO X FC REPORT 286 <br /> sAFAR1x X ADOPTED: a~ <br /> O <br /> <br />