COM 0183.088 2006-2008 - Laserfiche WebLink

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Article IV.• The corporation shall have members who shall be the fee simple owners and lessees of land within the district The Board of Directors may provide for associates who share an interest in the purposes of the corporation but shall have no right to vote or power to affect the corporation's business. " 5. Incidental Expenses & 6. Budeet (b) "incidental expenses shall be paid ...expenses incurred by the Kona-Kohala Chamber of Commerce and the District Association in the establishment of the District (including, without limitation, enabling legislation and this District Plan.)" Mr. Eric Von Platen Luder stated at the informational meeting on May 30"' that $75.000 has been spent so far in the process the establishing the proposed district. Ten thousand of which came from the Chamber of Commerce. Is this $75, 000 amount going to be taken from the assessments and be used to reimburse the chamber and individuals who have funded the establishment of the proposed district? If so, this dollar amount is not shown in the first year proposed budget. 7. Sources of Fundine (b) Assessments (iii) Section 35-21 of the Hawaii County Code allows the proposed district to increase the assessment by 10% annually after the first year. Someone paying $500 the first year could be paying $761 per year in the frith year. This increase does not need the approval of those being taxed or the approval the County Council. This fact should be clearly stated in the Exhibit "A" and not just be a reference to Section 35-21 of the Hawaii County Code. Finally: The proposed ordinance does not require any audit of the proposed district An audit should be periodically done by an independent accounting fum or by the county financial department It should be an audit of the following items: 1. Money collected and spent 2. Performance of the proposed district -achieving stated goals and proposed services 3. Compliance with applicable laws -employment rules: nonprofit standards: Federal, state and county codes; etc. 4. Adherence to standard business practices Bill 55 (Draft 2), Exhibit "A,"Articles of Incorporation and the Corporote Bylaws need to be reviewed and made compatible with each other. Will board meeting be open to the public? Do sunshine taws apply?