Laserfiche WebLink
KENORT OF THF. <br />COMMITTEE ON FINANCE <br />Utl I'1:: August 5.2003 <br />PI,~~Cf?: Council Chambers <br />FI~1t{: 10:05 a.m. <br />Re: Comm. No. 288/Res. No. A6-0 <br />Council Chair and Members <br />I lawai'i County Council <br />Ililn. Ilawai'i 96720 <br />Your Committee on finance. to Nhidi was referred Resolution No. 86-03. reports as follow,: <br />Resolution No. 86-03, transmiUed by Director of Finance William ~fakaba. pia Communication No. <br />288. dated .luly 16. 2003. authorizes the payment of funds of a later tiscal year and of more than one <br />tiscal sear t~~r three truck tractors. <br />The Department of F'.nvironmental Management, Solid Waste Division, wishes to enter into a (icc- <br />ycar lease with pm~chase options Ibr three truck tractors. Several of the current truck tractors arc in <br />r~crss of ten }ears of age, have high mileage, incur rntijor repairs, and are approaching the end of <br />their useful life. <br />I he Solid Waste Fund does not have the financial resources to purchase die atia'anentioned <br />cyuipmcnt and, theretbrc, requests the authority to enter into a lease agreement fbr live }ears. Funds <br />~~ould he budgeted in future tiscal }ears to cover the anticipated costs. <br />Pursuant to Section 10-I 1, I la~~ai'i County Charter. an}' contract Icasc or other obligation requiring <br />payment of funds li~om the appropriations of a later fiscal year must be approved by resolution. <br />During its discussion. Your Committee learned that the contract is a financing Icasc a~ntruct which <br />means that the Count} finances the equipment 1br five wars. <br />Some members of Your Committer rspresscd concerns that the truck tractors were not pruprrh~ <br />maintained and arc only ten years old. Director Barbara Bdl will get information regarding the <br />mileage on these truck tractors prior to the nckt Council muting. <br />Your Committer on Finance is in accord with the purpose and intent of Resolution No. 86-U3 and <br />recommends its adoption. <br />snn <br /> ~1 FS VOP:S \&1. ARS <br />CIIRNG X <br />SAFARIK X <br />vk~tia,tii X _ <br />EI,4RIONOFF X _ <br />IIOLSCHUII X _ <br />J.ACOBSO~ X <br />RF:A'VOLUti X _ <br />ll I,ER X <br /> <br />Respectfully submitted <br />COMMI'I~II?I~. ON FINnNCI~: <br />~~-- ` ' _. <br />~~iVtON S.Y. Clll!N(~~FIAIR <br />PC RI~.PORI N<). 119 <br />nu<~i~~reo: AUK ~~ 7~T <br />