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<br /> La`i`opua Connector Road - $9,700,000 <br /> <br /> This road will provide a needed connection between Kealakehe Parkway and Kealaka`a Street. <br /> <br /> The connector road will provide an alternative route between Queen Ka`ahumanu Highway and <br /> Palani Road and between the Kealakehe High School and Kealakehe Elementary/Intermediate <br /> Schools, which will relieve congestion at the Palani Road and Queen Ka`ahumanu intersection. <br /> Project estimates of $7.6 million have been appropriated for La`i`opua Connector Road. It is <br /> anticipated that an additional $21 million will be required to complete the project. The total <br /> amount of $9.7 million is requested in this bond authorization. <br /> ADA Compliance - $2,700,000 <br /> The County is continuing with the on-going process of complying with accessibility obligations <br /> as set forth in the consent decree filed in Russell et al v. County of Hawaii. Approximately $5.2 <br /> million is currently appropriated for various projects, which include roadway curb cuts, parks <br /> and recreation facility access through removal of architectural barriers, and access improvements <br /> at other County facilities. <br /> Bill No. 358, Draft 2 was referred to Your Committee, dated October 25, 2006, from Director of <br /> Finance William Takaba. Draft 2 was prepared by bond counsel to delete four of the bond issues <br /> identified for potential refunding in the original bill. Council has previously authorized the <br /> refunding of 1999A and 2001A issues in Ordinance 04-81, so they are removed from this bill. <br /> Administration has also determined that 2004A and 2006A issues are not appropriate for <br /> refunding at this time. The amount authorized for refunding and, therefore, the total amount of <br /> the authorization has been decreased. <br /> Total bond authorization is decreased to $110,000,000. Authorization for funding of projects <br /> remains at $75,000,000 and the authorization for refunding is decreased to $35,000,000. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 358, as amended <br /> to Draft 2, and recommends it pass first reading. <br /> smc <br /> nvES NOES n&E Ex Respectfully submitted, <br /> ARAKAKI X <br /> HIGA X COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> HOLSCHUH X <br /> IKEDA X , ' <br /> ISBELL X <br /> JACOBSON X VIRGI IA ISBELL, CHAIR <br /> PILACO X ' FC REPORT NO. ~ 362 <br /> SAFARIK X ADOPTED: NOV I J LUUU <br /> <br />