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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: March 24, 2008 Re: Comm. No. 1086/Bill No. 267 <br /> <br /> PLACE: Council Chambers <br /> Hilo, Hawaii <br /> TIME: 10:43 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. 267, reports as follows: <br /> Bill No. 267, transmitted by Director of Finance William Takaba, via Communication No. 1086, <br /> dated March 10, 2008, amends Ordinance No. 07-83, as amended, the Capital Budget, ending <br /> June 30, 2008, by adding the following project: <br /> ENVIRONMENTAL MANAGEMENT: <br /> Queen Lili`uokalani Village 110.599.5590.32 $400,000 <br /> Large Capacity Cesspool <br /> Funds for this appropriation increase shall be provided from: <br /> General Obligation Bonds, Capital Projects Fund - $400,000 <br /> Fund Balance and/or Other Sources <br /> Additional funding is requested to install a portion of the Queen Lili`uokalani Village on-site <br /> sewer collection system along Palani Road. The installation will be performed in conjunction <br /> with the Palani Road Safety Improvements Project that is currently underway by the Department <br /> of Public Works. This project should eliminate future traffic disruption and public safety issues <br /> at the Polioholo intersection. The additional funding brings the total appropriation for this <br /> project from $900,000 to $1,300,000. <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. 267, and <br /> recommends it pass first reading. <br /> la <br /> raves rvoes n&E ex Respectfully submitted, <br /> FORD X <br /> HIGA X COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X <br /> JACOBSON X <br /> NAEOLE X <br /> Fanco x DOMINIC YAGO C I <br /> vncoNC X FC REP N 263 <br /> vosHIMOTO X ADOPTED: A R O 9 700R <br /> <br />